Oil switched between gains and losses after Saudi Arabia said it was confident that OPEC+ was right in agreeing to raise output and India posted its strongest oil consumption in 15 months. While West Texas […]
Energy News Beat Publishers Note (ENB): We have covered Iran’s oil production for a long time. They need cash, so they have been selling oil through “Spoofing and Doping” to get around the sanctions. With […]
Energy News Beat Publishers Note (ENB): This article has some great nuggets. Key points: China’s steel production is on the rise and coking coal from Australia is critical, and the basic commodities are going through […]
State-run refiner Indian Oil Corporation (IOC) has made its first purchase of Norway’s Johan Sverdrup crude, buying four million barrels via a tender as it speeds up diversification of crude imports, two trade sources told Reuters on […]
Energy News Beat Publishers Note: In this article from Bloomberg there are some insightful nuggets regarding oil supply and demand. Recovery for demand is tied to the vaccination rate of the countries population. The supply […]
Saudi Arabia‘s energy minister took a cautious view of any increase in oil production as members of the OPEC cartel met Thursday with allied non-member countries to decide production levels. Speaking ahead of the meeting, Abulaziz bin Salman […]
Energy News Beat Publishers Note: Iran has publicly shown that they believe the US is no longer relevant through their 25-year energy agreement with China, and that the US does not need to attend any […]
Amid tensions with Saudi Arabia over oil production cuts, India has asked its state refiners to review contracts they enter into for buying crude oil from the Middle East nation and negotiate more favourable terms, […]
Singapore — 0250 GMT: Crude oil futures rose during Asian mid-morning trade April 1 after data from the US Energy Information Administration showed a draw in crude and gasoline inventories, with the market gleaning further support […]
In the end, it took roughly six days and seven hours to undo the minutes of drama that exposed the vulnerability of global trade and captivated the world. It may take longer to figure out how […]
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