Brent futures’ rapid ascent towards $70 has been arrested in March, despite strong cohesion among Opec+ producers, an improving macro-economic outlook and renewed risk-on sentiment as Covid-19 vaccine deployment loosens the link between daily virus […]
Brent oil dropped in Asia as the dollar strengthened, giving up some of the gains posted at the end of the worst week since October. Futures in London slipped 1% on Monday as a rising […]
China is gorging on sanctioned Iranian oil — with imports forecast to more than double this month from February — as other countries hold off purchases for fear of incurring the wrath of the U.S. […]
Israel has targeted at least 12 ships bound for Syria, most of them transporting Iranian oil, with mines and other weapons, according to a Thursday report. The attacks started in late 2019 and targeted both […]
You’d think a world tiptoeing its way out of the coronavirus pandemic might only be good news for governments and economies. Yet the consequent surge in the price of energy, metals and crops is highlighting the strengths of some and […]
Iran is reaching out to old customers in Asia to gauge their interest in buying its oil as Tehran ramps up diplomacy to get U.S. sanctions lifted. The National Iranian Oil Co. — the state oil marketer […]
Energy News Beat Publishers Note: Should be fun watching the political discussions around the world on the OPEC + meetings today, and the impact on tomorrow’s OPEC meeting. The Energy News Beat team is looking […]
The Iran-flagged Forest, one of Iranian state-owned NIOC’s vessels that has supplied irregular shipments of gasoline to Venezuela since mid-2020, unloaded 277,000 bl of gasoline at Venezuelan state-owned PdV’s El Palito terminal on 20 February, according […]
Energy News Beat Publishers Note: Iran not coming to the table can mean two things: First, they can keep pumping as much oil as they can for cash. With the additional 590,000 bpd coming online […]
Energy News Beat Publishers Note: There has been more stability in the middle east in the last 4 years than in decades. The peace treaties between the Arab countries and Isreal are a critical part […]
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