At 11:23 am Singapore time (0323 GMT), the ICE Brent May contract was down by 37 cents/b (0.55%) from the March 9 settle at $67.15/b, while the April NYMEX light sweet crude contract was 25 […]
Times are getting tougher by the day for oil tanker owners. With too many vessels to haul fuel, losses for supertankers on a benchmark Middle East-to-China route deepened to $6,779 a day on Tuesday. That’s […]
India has asked state refiners to speed up the diversification of oil imports to gradually cut their dependence on the Middle East after OPEC+ decided last week to largely continue production cuts in April, two […]
Eni (NYSE: E) announced Tuesday that it has reached an agreement to sell its shares in its entities in Pakistan to Prime International Oil & Gas Company. The activities covered by the agreement include interests […]
Singapore — 0329 GMT: Crude oil futures rose during the mid-morning trade in Asia March 9, as expectations of higher oil demand amid an improved economic climate encouraged buying activity from investors, even as the market […]
Cairn Energy Plc reshuffled its portfolio, selling $460 million of assets in the U.K. North Sea and buying projects in Egypt’s Western Desert from Royal Dutch Shell Plc. Both deals, announced Tuesday and seen completing in […]
Energy News Beat Publishers Note: Kind of ironic that the decision to kill the Keystone Pipeline would actually negatively impact the environment, economy, jobs, national security, and our relationship with a great trading partner. The […]
Oil slipped in London as the dollar strengthened and investors shrugged off an attack on the world’s largest crude terminal in Saudi Arabia. Global benchmark Brent futures earlier surged above $71 a barrel, the highest […]
Energy News Beat Publishers Note: The unprecedented worldwide Covid stimulus capital injections into markets has set the stage for unparalleled inflation growth. This will ultimately impact the demand side of the oil pricing model. World […]
Saudi Aramco cut pricing on crude for shipment to the Mediterranean region after OPEC + extended oil supply constraints and Saudi Arabia’s oil minister warned producers to remain cautious in the face of the ongoing coronavirus pandemic. The world’s […]
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