HIGHLIGHTS Vessel expected to return to Kandla port by mid-June Indian traders concerned about vessels headed to Egypt, other nations Indian trade ministry may clear exports up to 1 mil mt soon Turkey rejected an […]
In a statement posted on its Twitter page on Tuesday, Gazprom announced that it has completely suspended gas supplies to Netherlands’ GasTerra B.V. “due to failure to pay in rubles”. The Twitter statement comes with […]
Mexico faces budget pressures as it now spends double the money on subsidizing domestic fuel to keep inflation in check than the money it receives from exporting oil, even at prices above $100 per barrel. […]
On May 23, heading into this Memorial Day weekend, the U.S. average retail price of regular gasoline was $4.59 per gallon, the highest inflation-adjusted price since 2012. On a nominal basis, this price is the […]
HIGHLIGHTS About 880,000 mt to arrive in June Arrivals dampen demand for other regular crudes China’s independent refineries in Shandong are set to resume taking Russian Urals, with the first cargo arriving in early June […]
Crude oil futures continued to climb in mid-morning Asian trade May 31, adding to gains of more than $2/b for ICE Brent crude overnight after the EU reached an agreement to ban Russian oil imports. […]
HIGHLIGHTS Current OPEC+ supply agreement ends in September Quotas will need renegotiating, with credibility at stake Ministers to meet June 2 to set July production targets Come September, OPEC’s oil market management pact with Russia […]
Ultra-high-resolution nanoparticle tracers, engineered for temperature stability of up to 2,000°F (1,093°C), will be deployed for the first time to map the inter-well flow communication of a multi-stage geothermal well, as part of a South […]
The National Decommissioning Centre (NDC) has teamed up with the Offshore Renewable Energy (ORE) Catapult in a research partnership aimed at developing new offshore wind technologies. The partnership initially consists of three projects focusing on […]
HIGHLIGHTS US Q1 lithium imports jump to 13,560 mt EV market drives greater demand The US imported 13,560 mt of processed and refined lithium materials in the first quarter, 69% more than in Q1 2021 […]
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