ENB Publishers: Markets reminded that CIVD exists (who knew?) driving prices down below $52 Singapore — 0243 GMT: Crude oil futures fell during the mid-morning trade in Asia Jan. 22, as pandemic concerns heightened amid a […]
NEW DELHI: Iraq has reduced annual supplies of Basra crude oil to several Indian refiners by up to 20 per cent for 2021, industry sources said, in a rare move by OPEC’s second-largest producer which is trying […]
It may be the oil market’s worst-kept secret: millions of barrels of Venezuelan heavy crude, embargoed by the U.S., have been surreptitiously going to China. The cat-and-mouse games that avoid detection and sanctions include ship-to-ship transfers, […]
There are three major troubling factors for new U.S. President Joe Biden. In the recently agreed US$2 billion five–year prepayment oil supply deal between the Federal Government of Iraq (FGI) in Baghdad and China’s Zhenhua […]
Oil prices have risen by 10 percent since the end of 2020 and 8 percent since the OPEC+ meeting two weeks ago, but the rally has nothing to do with the short-term oil demand outlook. […]
In its January Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) expects global demand for petroleum liquids will be greater than global supply in 2021, especially during the first quarter, leading to inventory draws. As […]
Tech stocks again reach all time highs as strong earnings from tech companies this week send markets to the bull side once again. S&P 500: 16% Nasdaq: 66% Dow Jones: 16% “We see the pace […]
India is hoping U.S. President Joe Biden’s administration will take a softer line against adversaries Iran and Venezuela, enabling the world’s third-largest oil importer to diversify its sources of crude. The country would be happy […]
The 60-day suspension on approvals is necessary for a “targeted and time-limited” review of recent decisions, the US Interior Department’s acting secretary Scott de la Vega said in an order signed yesterday. The freeze will […]
A worker who showed symptoms while on the North Sea platform tested positive for the virus upon returning to shore on January 17. In alignment with Covid contact tracing procedures on the Forties Bravo, Apache […]
Copyright © 2026 | Sandstone Group