HOUSTON, June 12 (Reuters) – Oil settled higher on Wednesday as ongoing tensions in the Middle East lent support to prices, but news that interest rate cuts could start as late as December capped gains, […]
Citi analysts have painted a bleak picture for the oil market, forecasting a significant price drop by 2025. According to their latest note, they anticipate a decline to $60 per barrel for Brent crude, marking […]
DALLAS–(BUSINESS WIRE)–Jun. 12, 2024– Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) today announced that a wholly-owned subsidiary of Matador has entered into a definitive agreement to acquire a subsidiary of Ameredev II Parent, LLC (“Ameredev”), including certain […]
Oil prices steadied as traders await Wednesday’s interest-rate decision from the Federal Reserve to gauge the economy’s strength and the trajectory of oil demand. West Texas Intermediate swung between gains and losses before ending the […]
Trafigura has returned to China for more very large crude carrier newbuilds. Multiple brokers report the global commodities trader has signed up for three additional 319,000 dwt VLCCs at Jiangsu New Hantong Ship Heavy Industry. […]
Daily Standup Top Stories The Myth of the Inevitable Rise of a Petroyuan June 11, 2024 Stu Turley In diplomacy, what’s left unsaid often matters more than what’s said. After Chinese President Xi Jinping met the […]
ENB Pub Note: An excellent article from Bloomberg. Although the first line says “The first Russian oil tanker attempting to deliver crude while under US sanctions”… this is not factual, as Russia has been increasing […]
In diplomacy, what’s left unsaid often matters more than what’s said. After Chinese President Xi Jinping met the king of Saudi Arabia in December, both nations issued lengthy readouts extolling the burgeoning Saudi-Sino relationship in […]
The amount of crude oil and oil products flowing around the Cape of Good Hope, located at the southern tip of Africa, increased nearly 50% in the first five months of 2024 compared with the […]
Daily Standup Top Stories 5 things to know about the EU election results June 10, 2024 Mariel Alumit BRUSSELS — Europe’s conservatives are ecstatic. The European People’s Party (EPP) scored a clear victory in Sunday’s European […]
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