Asian upstream companies are rapidly stepping up efforts to play their part in addressing the tight global crude oil supply situation as countries across the region strive to ensure supply security amid ongoing geopolitical tensions […]
As European refiners look to replace Russia’s Urals crude grade ahead of an EU import ban that takes effect in just three weeks, Norway is emerging as their preferred source of alternative feedstock. Shipments of Norway’s medium, […]
Despite a surprisingly large crude draw, oil prices are lower this morning as a pipeline carrying Russian oil to Europe was reported to have restarted after being offline during a turbulent 24 hours. Prices dropped […]
RIYADH: Saudi Arabia’s powerful crown prince has embarked on a multi-stop Asian tour, shoring up the Gulf nation’s ties with its biggest energy market and signalling growing independence from Washington amid a bitter row over oil […]
Lower demand forecasts could materialize if China doesn’t fully reopen. The European Union is preparing to implement an oil import embargo on Russian crude oil next month and on fuels two months later. Bets on […]
BREAKINGBREAKING, An oil tanker associated with an Israeli billionaire has been struck by a bomb-carrying drone off the coast of Oman amid heightened tensions with Iran, an official has told The Associated Press. The attack […]
You cannot buy today’s entertainment and news. Great news with Isreal and Lebanon in the Leviathan natural gas field. The market issue around energy investing and the demand destruction vs. supply constraints. Michael Tanner and […]
Three weeks ago, President Joe Biden threatened Saudi Arabia with “consequences” after OPEC+ decided to cut production. Turkey’s Foreign Minister Mevlut Cavusoglu, for instance, called Biden’s behavior towards Riyadh “bullying”. Saudi Foreign Minister Al-Jubeir has […]
The two main narratives in oil markets today revolve around a supply crunch sending prices higher and the global economic slowdown destroying demand. While there are both supply and demand issues, it seems that the […]
With all the bad news that has dominated the airwaves in recent months it was very welcome to see that US CPI rose significantly less than expected in October to its lowest level since January, […]
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