Despite having some of the…
The OPEC+ group could influence…
Shares of Rivian Automotive, Lucid Group, and Tesla Motors moved lower during the cash session in the US after Ford Motor announced price cuts for its electric F-150…
The recent oil price rally was held back this week by rising inventories and concerns that the Fed may postpone its interest rate cuts, but geopolitical risks could yet spark…
1. EU Allows Banning Russian LNG as Member States Buy More - The European Parliament approved rules this…
In the complex mix of elements influencing crude oil prices, recent events have focused attention on June West Texas Intermediate (WTI) futures. The interplay of ongoing inflation, geopolitical tensions, and…
Politics, Geopolitics & Conflict Baghdad is repairing the Kirkuk-Ceyhan pipeline, which has not been operable for ten years and hopes to use it to export some 350,000 bpd to Turkey…
As somebody whose start in markets came in interbank foreign exchange, I am used to a degree of obsession with central banks. Back when I started in that market, which…
Markets were extremely jittery this week, awaiting a retaliatory attack by Iran following the Israeli strike on Tehran’s embassy in Syria, which killed a key Iranian general and other diplomats/military…
China’s Sinochem Energy Technology Co. Ltd., a subsidiary of state-owned multinational conglomerate Sinochem Corp., has successfully completed the shipment of gasoline from China’s Quanzhou City to Singapore using blockchain technology.…
Researchers at The University of Manchester have achieved a groundbreaking advancement in catalyst technology by developing a new catalyst which has been shown to have a wide…
Global oil demand in the summer is expected to be strong as consumption of transportation fuels is set to rise across the board and across regions with summer and holiday…
Artificial intelligence is helping the oil and gas industry boost output by accelerating drilling and boosting efficiency. It offers similar gains to other industries as well and online platforms and…
The Shell share price hit another all-time high this week as the company continued its positive run. The
Crude oil prices moved lower today after the Energy Information Administration reported an estimated inventory build of 5.8 million barrels for the week to April 5. The authority also…
Dark days ahead in São Paulo, the industrial and commercial hub of Brazil. They noticed last month, after a three day blackout hit the city’s center and its poorer neighborhoods,…
Back in February, crude tankers and product carrier company International Seaways (NYSE:INSW) predicted that tanker freight will remain healthy in the short and long term going forward, thanks to oil supply growth…
Russia’s flagship crude grade, Urals, is currently being exported at a price of around $75 per barrel, per Argus Media data cited by Bloomberg—a price that’s $15 a barrel…
The scaling back of the megacity project is attributed to budget constraints, with the Public Investment Fund's cash reserves dropping to $15bn in September 2023.Saudi Arabia has scaled…
Given its huge oil and gas reserves, strategically critical location in the heart of the Middle East, and its initial welcoming of the U.S. after the fall of President Saddam…
Morgan Stanley sees heightened geopolitical risk pushing Brent Crude oil prices to $94 per barrel in the third quarter as the bank lifted its price forecast by $4 a barrel…
As bullish sentiment continues to build and Brent settles comfortably above the $90 mark, oil prices look set to continue to climb this week.