Weekly Daily Standup Top Stories Global Power Demand Is Soaring, IEA Expects 4% Growth in ’24 & ‘25 August 2, 2024 Mariel Alumit ENB Pub Note: We recommend following and subscribing to Robert Bryce’s Substack. I […]
Iranian oil cargoes are being diverted to Oman and Bangladesh. Iran’s oil production has been recently estimated to have hit its highest level since 2018. Last month, Iran’s Petroleum Minister Javad Owji claimed that Tehran […]
Delta Blue, a suezmax belonging to Greece’s Delta Tankers, has been attacked four times in the space of 24 hours by the Houthis. While the Houthis have targeted more than 120 ships in their 10-month […]
Russia’s Arctic Northern Sea Route allows the country to continue exporting oil to China despite sanctions, highlighting the route’s strategic importance. Russia aims to significantly increase the NSR’s cargo capacity, supported by vast Arctic oil […]
India now depends on Russia for 40% of its crude oil imports, according to new analysis from shipping organisation BIMCO, something that has had a notable impact on the aframax and suezmax trades in particular. […]
DENVER, Aug 7 (Reuters) – U.S. crude oil stockpiles fell more than expected last week, while gasoline and distillate inventories rose as refining activity picked up and demand dropped, the Energy Information Administration (EIA) said […]
NEW YORK, Aug 7 (Reuters) – Oil prices gained more than 2% on Wednesday, bouncing back from multi-month lows, after data showed a bigger-than-expected draw in U.S. crude stockpiles, even as worries about weak oil […]
The U.S. crude oil benchmark rallied nearly 2.5% on Wednesday, with Brent crude not far behind, as Wall Street held its breath over an anticipated response by Iran to Israel’s assassination of the Hamas leader […]
Oil prices climbed after the EIA reported a surprise crude oil inventory draw, reversing an earlier decline caused by concerns about a recession. Gasoline and distillate inventories saw builds, following earlier estimates of larger increases. […]
Malta has emerged as the top European destination for ship-to-ship (STS) transfers of Russian oil in the wake of the Greek navy’s decision to deter such activities in the Laconian Gulf. Since May 1, citing […]
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