ExxonMobil’s 90,000 b/d Altona refinery in Victoria is no longer economically viable and will be converted into an oil product import terminal, the company said today. The decision was made following an extensive review of […]
Markets stay flat today after huge Monday rally fades away S&P 500: 01% Nasdaq: -0.09% Dow Jones: 08% “The market has been pricing in the reopening optimism, and in the short term that may be […]
Singapore — 0300 GMT: Crude oil futures strengthened during mid-morning trade in Asia Feb. 9, as expectations of a return to pre-coronavirus consumption patterns amid the abating crisis and hopes of an upcoming US stimulus package […]
Oil rose for a seventh day in New York, the longest streak in almost two years, on continued signs the global market is tightening and demand is improving. West Texas Intermediate futures increased 0.3% on […]
Energy News Beat Publishers Note: Compliance and accountability will be key for the stability of world oil prices. As stated below “Compliance is measured in average barrels per day from the beginning of May to […]
Energy News Beat Publishers Note: With President Trump out of the way, the same negotiator from the Obama/Biden in which they received $1.8 Billion in CASH, it is not surprising that they are rattling sabers. […]
Highlights Iran’s output now about 2.1 mil b/d: S&P Global Platts Market seems to be in balance after OPEC+ cuts: Zamaninia Oil minister Zanganeh defers on OPEC’s next quotas The oil market could absorb more […]
Is China piling into the crude oil market again? A snapshot of where the world’s supertankers are headed suggests it may well be. The number the vessels sailing toward the shores of world’s largest importer […]
Friday with #hottakeoftheday’s David Ramsden Wood, or as his friends call him “DRW”. Stocks rise moderately throughout the day, with bad jobs data spurning the notion of a new stimulus bill soon • […]
Stocks have another green day to patch a solid week for the markets as earnings and economic data shine bright S&P 500: 85% Nasdaq: 78% Dow Jones: 56% A better-than-expected jobless claims report helped boost […]
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