Oil prices have been in decline this week despite rising geopolitical risks, with markets seeming to be focused primarily on Joe Biden’s decision to drop out of the presidential race. – The Asian oil market […]
The discount of WTI Crude to the international benchmark Brent Crude has dropped from nearly $20 per barrel in the early 2010s to below $3 a barrel today. Increased domestic offtake capacity and better pipeline […]
Analysis of satellite and AIS data shows these ships still play a role in Iran’s oil sector, but experts insist the financial restrictions are nonetheless degrading Iran’s capabilities IT IS no secret that tankers engaged […]
THE outlook for Nigeria’s oil output, including condensate, remains gloomy at 1.4 million barrels per day, mbpd, in the second half of 2024, according to industry data and forecast. The output forecast is far below the 1.8mbpd […]
Daily Standup Top Stories China’s banking turmoil: 40 banks vanish as crisis deepens July 22, 2024 Mariel Alumit The Chinese banking sector is facing a severe crisis. In just one week, 40 banks disappeared, and the […]
(Reuters) Two large oil tankers were on fire on July 19, 2024, after colliding near Singapore, the world’s biggest refueling port, with two crew members airlifted to hospital and others rescued from life rafts, authorities […]
NEW YORK, July 22 (Reuters) – Oil prices fell for a second consecutive session on Monday to their lowest level in over a month, as investors looked past U.S. President Joe Biden’s decision to end his […]
From the mid-1990s to onset of Covid at the end of 2019, China almost singlehandedly drove the commodities supercycle, consisting of ever-increasing prices for the key materials it required to drive its extraordinary economic growth. […]
Russia and Cuba have discussed the idea of building an oil refinery in Cuba with the help of Russian companies, the deputy speaker of the Russian parliament was quoted as saying. During a visit of […]
Nigeria’s $20 billion Dangote plant has had to increase imports due to insufficient domestic supplies Nigeria’s Dangote Refinery is in negotiations with Libya to secure crude oil for its 650,000 barrels per day (bpd) plant, […]
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