Crack spreads in Asia have…
Bulgaria, currently the third-largest buyer…
Shell has resumed exports from its Forcados oil terminal in Nigeria after a months-long pause, Shell Nigeria said late on Thursday night. Oil exports resumed on…
With everyone obsessing over UK lettuce and the Fed blowing up the US economy, there was not enough digital ink to discuss the supreme irony of Biden unleashing…
The day rate for chartering a very large crude carrier (VLCC) topped $100,000 this week, with average time charter rates now at their highest in more than two…
Crude oil prices slipped today after the U.S. Energy Information Administration reported crude oil inventories had shed 1.7 million barrels in the week to October 14. This compared with…
The world's third-largest oilfield services provider stated in a corporate update Wednesday that the worst supply chain issues "should be behind us," as…
Time and time again, financial approaches have worked to fix economic problems. Raising interest rates has acted to slow the economy and lowering them has acted to speed up the…
WTI crude has fallen back to pre-OPEC cut announcement levels, with Brent crude falling back below $90 per barrel on global recession fears.
Two of the biggest refiners in India have stopped looking for spot Russian crude oil supply set to arrive after December 5, the day on which the EU embargo on…
While the OPEC+ agreement to cut crude oil production and the U.S. reaction to it dominate headlines, a much more immediate crisis is getting worse by the day.…
The idea of placing a cap on the price of Russian oil as a means of reducing the country’s oil revenues was first floated by U.S. Treasury Secretary…
U.S. refineries are preparing themselves for the possibility that President Biden could impose a ban on fuel exports after the White House dangled the threat of the ban…
Last week, OPEC+ said it would reduce its oil production target by 2 million barrels daily, with actual cuts of between 1 and 1.1 million bpd. The announcement…
Crude oil prices moved lower today after the Energy Information Administration reported a crude oil inventory build of 9.9 million barrels for the week to October 7, but the…
The offshore Guyana-Suriname Basin emerged in 2019 as one of the world’s most exciting drilling frontiers. While the U.S. Geological Survey estimated that…
Kazakhstan’s massive oilfield Kashagan will resume production at a level of 400,000 barrels per day (bpd) by the end of this month, Kazakhstan’s Energy Minister Bolat Akchulakov told Reuters…
Stocks and bonds are out, and oil is in. That has become the new playbook for many hedge funds this year as they try to navigate rising interest…
A European ban on most crude imports from Russia will come into effect in December. For EU leaders, the next task at hand…
The leader of the non-OPEC oil producers in the OPEC+ alliance, Russia, is the biggest beneficiary of the 2 million barrels per day (bpd) cut announced this week,…
The UAE has no plans to curb its oil production in favour of renewables, with the country’s climate minister pointing to strong global demand as a driver for…
This week, OPEC+ made a decision unprecedented in its history and the history of OPEC. The extended cartel approved production cuts of 2 million bpd at a time…
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