Soaring shipping costs are piling pressure onto physical oil markets that are already being hit by uncertainty surrounding a cap on Russian crude prices and weak Chinese buying. Earnings on the industry’s benchmark trade route […]
Companies are using a loophole that allows them to register Russian fuel as being from elsewhere after ship-to-ship transfers, the news outlet reports The UK has purchased at least 39 shipments of Russian oil since […]
The U.S. added a total of three more rigs week on week, according to Baker Hughes’ latest rotary rig count, which was published on November 18. Baker Hughes’ count revealed that the U.S. added four […]
DUBAI, Nov 21 (Reuters) – Saudi Arabian energy minister Prince Abdulaziz bin Salman said the kingdom is not discussing a potential oil output increase with other OPEC oil producers, state news agency SPA reported, denying […]
The first question that comes to mind (as oil already tests multi-month lows) is – why would they do this? The Wall Street Journal reports that Saudi Arabia and other OPEC oil producers are discussing […]
Authored by Bryan Jung via The Epoch Times, Former U.S. Treasury Secretary Steven Mnuchin has called the Group of Seven’s plan to place a price cap on Russian oil “ridiculous.” The veteran cabinet member from […]
The world’s biggest petroleum exporter, a country built with oil money, and a founding member of the most powerful oil cartel on Earth, is now styling itself as a pioneer of climate change solutions. At […]
Authored by Tsvetana Paraskova via OilPrice.com, Oil demand worldwide rose in September to exceed the September 2019 pre-Covid levels by nearly 1 million barrels per day (bpd), new data from the Joint Organizations Data Initiative […]
India is taking every measure possible to secure energy supplies in times of conflict and economic uncertainty says the country’s Petroleum and Natural Gas Minister Hardeep Singh Puri in an exclusive interview to Khaleej Times. […]
Oil futures were on track Thursday to tally back-to-back declines as China’s zero-COVID policy continued to dull the outlook for energy demand. Natural-gas futures bucked the downtrend for the energy sector as U.S. government data […]
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