A small group of major oil-producing countries, including the leaders of the OPEC+ alliance – Saudi Arabia and Russia – have blocked a United Nations-backed summit from agreeing on a binding treaty to put limits […]
Hedge funds and portfolio managers are reducing their short positions on European diesel futures. Rising natural gas prices and colder weather are boosting demand for diesel and gasoil. Traders are becoming more bullish on diesel […]
Europe’s gas storage levels have decreased at the fastest rate in eight years due to a combination of colder temperatures and reduced wind speeds. This rapid depletion has raised concerns about potential gas shortages and […]
US Navy The Houthis roared back into action yesterday, firing a barrage of armaments against a passing American convoy in the Red Sea. As is common in the 13-month campaign waged by the Houthis, there […]
The cartel needs to be more honest about the implications of its drive to keep crude prices high. The best scandals are those that start when someone, somewhere, decides to say something utterly shocking: the […]
ENB Pub Note: If the Biden-Harris administration had not weaponized the US Dollar in such a criminal pattern, BRICS would not have gained the traction that has been able to achieve. Anyone looking to replace […]
China and Iran have devised a complex system of ship-to-ship transfers in the South China Sea to bypass US sanctions on Iranian oil. This clandestine trade network allows China to continue importing significant amounts of […]
Data source: Bloomberg Finance, L.P. Note: Price curves as of November 21, 2024. Dotted lines represent forward prices. LNG=liquefied natural gas; Asian LNG=the JKM price benchmark (representing spot and forward LNG prices in Japan, South Korea, Taiwan, […]
Data source: China National Bureau of Statistics, China General Administration of Customs, and Bloomberg L.P. Note: We define apparent demand as refinery production plus imports minus exports. Gasoline consumption in China has begun to fall in recent […]
Kiev’s Western European backers still hope to keep it on life support should Trump end funding, a report claims Washington’s allies in Europe will not be able to keep Ukraine’s military supplied if US President-elect […]
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