Russian oil refineries cut processing 4% y/y in January – June, sources say
Russian oil refineries reduced their throughput in the first half of the year by 4% year on year to 131.8 million metric tons, Reuters calculations based on data from industry sources showed on Monday,...
View ArticleCHINA DATA: Q2 crude throughput falls on year as GDP growth slows to 4.7%
China’s crude throughput extended its year-on-year decline in June as its gross domestic product growth slowed to 4.7% in the second quarter, National Bureau of Statistics data released July 15 showed....
View ArticleRussian deputy PM says global oil market will be balanced from second half of...
Russian Deputy Prime Minister Alexander Novak said the global oil market will be balanced in the second half of the year and thereafter, thanks to the OPEC+ deal on production supply. OPEC+, which...
View ArticleThe Commodities Feed: China oil demand worries
Energy – China demand worries build The price action in oil yesterday was choppy. US dollar movements, Chinese demand concerns and expectations of a tighter global oil balance through the third quarter...
View ArticleOil falls on lingering demand concerns in China
Oil prices dipped on Tuesday on worries of a slowing Chinese economy crimping demand and despite a growing consensus the U.S. Federal Reserve could begin cutting its key interest rate as soon as...
View ArticleTotalEnergies says oil production to hit high end of Q2 guidance
French oil major TotalEnergies (TTEF.PA), opens new tab said on Tuesday its second-quarter hydrocarbon production levels will hit the top end of its guidance range, while pressure on refining margins...
View ArticleMiddle East Crude-Benchmarks ease; trade for Sept-loading cargoes underway
Spot premiums for Middle East crude benchmarks Oman, Dubai and Murban eased for a second straight session on Tuesday, while trades for September-loading cargoes are underway. Unipec has bought three...
View ArticleEnergy trade value between Mexico and the United States fell in 2023 on lower...
The value of all energy trade between the United States and Mexico decreased almost 15% from $77.8 billion in 2022 to $66.5 billion in 2023, adjusted for inflation. Lower fuel prices more than offset...
View ArticleChina’s thermal power generation falls on year for second straight month
China’s thermal power generation fell on the year for a second straight month in June as hydropower generation surged, data from the National Bureau of Statistics showed. Thermal electricity, generated...
View ArticleIraq acknowledges OPEC+ overproduction, vows compensation and quota adherence
Iraq on July 13 acknowledged it produced 184,000 b/d over its OPEC+ quota in June, based on secondary sources estimates, and pledged to compensate for its excess output by a September 2025 deadline...
View ArticleOil prices steady amid falling US inventories, China concerns
Oil prices were steady on Wednesday, a day after benchmark Brent hit a one-month low, as a decline in U.S. oil stockpiles helped offset signs of weakening demand in China. Brent crude oil futures were...
View ArticleExxonMobil-led Guyana Hammerhead oil project will have up to 30 wells:...
Guyana’s Environmental Protection Agency has begun a review of an ExxonMobil-led consortium’s intended seventh oil project known as Hammerhead, where up to 30 wells are to be drilled at the site...
View ArticleQatar sets Sept al-Shaheen crude term price at 3-month high, sources say
QatarEnergy has raised the September term price for al-Shaheen crude to $1.88 a barrel above Dubai quotes, trade sources said on Wednesday, the highest premium in three months. The term price, up from...
View ArticleExperts call for ‘serious’ debate about fracking Mexico’s vast unconventional...
Given the large amount of unconventional hydrocarbon resources found in Mexico and how much fracking technology has advanced, the country cannot afford to neglect their exploitation without a serious...
View ArticleMiddle East Crude-Benchmarks recover; Sept al-Shaheen hits 3-mth high
Spot premiums for Middle East crude benchmarks Dubai and Murban rose on Wednesday after slipping in the past two sessions, attracting demand from some Asian refiners. India’s Reliance Industries bought...
View ArticleChina’s oil sector is weak, with rising crude inventories
China’s crude oil market is unambiguously weak. Not only has the world’s biggest importer seen a fall in arrivals in the first half of the year, it has also been boosting the volumes being added to...
View ArticleUS crude stockpiles fall sharply, fuel builds, EIA says
U.S. crude oil stockpiles last weekfell more than expected, whilegasoline and distillate inventories rose, the Energy Information Administration (EIA) said on Wednesday. Crude inventories fell by 4.9...
View ArticleOil prices gain 2% on big US storage withdrawal, weaker US dollar
Oil prices climbed about 2% on Wednesday on a bigger-than-expected weekly drop in U.S. crude stockpiles and as a weaker U.S. dollar overshadowed signs of lower economic growth in China. Brent futures...
View ArticleU.S. LNG natgas feedgas on track to fall to 12-week low, LSEG figures show
The amount of natural gas flowing to U.S. liquefied natural gas (LNG) export plants was on track to drop to a 12-week low on Wednesday due to reductions at several plants, including Freeport LNG in...
View ArticleOil prices rise on bigger than expected drop in US crude stocks
Oil prices extended gains on Thursday, buoyed by a bigger than expected decline in crude stocks in the United States, the world’s largest oil consumer. Brent futures rose 41 cents, or 0.5%, to $85.49 a...
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