Oil prices rise after US interest rate cut
Oil prices rose on Thursday after a large interest rate cut from the U.S. Federal Reserve, but Brent was still hovering around its lowest levels of the year, below $75, on expectations of weaker global...
View ArticleMiddle East Crude-QatarEnergy sets Nov al-Shaheen term price at 5-month high
Middle East crude benchmark Dubai’s premium stayed firm on Thursday, hovering at the highest level in five months, underpinned by demand from Mitsui and North Petroleum on the window. Spot premiums for...
View ArticleING bank tightens restrictions on oil and gas lending
Dutch lender ING INGA.AS is further restricting access to finance for some oil and gas companies and from 2026 could drop clients that fail to align with its plans to be net zero, the bank’s chief...
View ArticleSeadrill and Oil States Announce Strategic Collaboration to Enhance Offshore...
Seadrill Limited (“Seadrill”) (NYSE: SDRL), a global leader in oil and gas offshore drilling, and Oil States International, Inc. (“Oil States”) (NYSE: OIS), a global provider of manufactured products...
View ArticleUS seeks oil for Strategic Petroleum Reserve into May next year
The U.S. is slowly replenishing the Strategic Petroleum Reserve, seeking to buyanother up to 6million barrels of oil for delivery through May nextyear, after the largest sale yet from the stockpile in...
View ArticleOil prices rise after US interest rate cut
Oil prices rose more than 1% on Thursday after a large interest rate cut from the U.S. Federal Reserve, helping Brent to recover from below $69 last week – its lowest all year – to above $74. Brent...
View ArticleOil stares at a bleak future as China’s economy sputters. The good news: A...
As the world’s oil traders and analysts gathered at the annual Asia Pacific Petroleum Conference in Singapore last week, the slump in oil and where it was headed was foremost in everybody’s mind....
View ArticleSaudi Arabia’s fiscal breakeven oil price is rising fast. What will the...
Saudi Arabia has a superpower. Not only is it the largest exporter of crude oil in the world; its production costs for oil projects are also the lowest in the world, at around just $10 per barrel. When...
View ArticleSingapore’s middle distillates stocks dip for third week amid robust net exports
Singapore’s middle distillates inventories fell for a third straight week, tracking the strength in gasoil/diesel net exports, official data showed on Thursday. Stocks of diesel/gasoil and jet...
View ArticleOil prices set to end week higher after US rate cut
Oil prices eased on Friday, but were on track to register gains for a second straight week following a large cut in U.S. interest rates and declining global stockpiles. Brent futures LCOc1, which were...
View ArticleMiddle East Crude-Benchmarks ease; Dung Quat refinery buys first Murban cargo
Middle East crude benchmarks Oman, Dubai and Murban eased on Friday after Asian refiners completed most of their spot purchases for November-loading cargoes. Spot premiums for Dubai and Murban are...
View ArticleOil prices set to end week higher after US rate cut
Oil prices eased on Friday but were on track to register gains for a second straight week following a large cut in U.S. interest rates and declining global stockpiles. Brent futures were down 51 cents,...
View ArticleMed crude-Urals diffs steady, oil exports from Novorossiisk revised up for...
Urals crude differentials to dated Brent were little changed on Friday in anticipation of the first October loading dates, while the oil lifting plan for Russia’s Black Sea port of Novorossiisk port...
View ArticleUS Cash Crude-Grades gain ahead of roll trade
U.S. cash crude grades largely gained on Friday, dealers said, on the last day of October trade for U.S. West Texas Intermediate crude futures (WTI) contract. Monday will be the first day of the “roll...
View ArticleOil’s potential rebound: analysing the factors behind a possible price recovery
As institutional investors turn increasingly bearish on oil, we explore the contrarian case for a potential price surge in the crude market. The oil market has experienced significant volatility in...
View ArticleShort-term traders cause record short in oil futures market: Currie
Short-term players dominating the oil futures trade such as commodity trading advisors and algorithm-led strategies, have contributed to a record short in the market, the Carlyle Group’s chief strategy...
View ArticleHow the US election could impact the energy transition
Be prepared for policy disruption The US has long been subject to material policy inconsistency through presidential election cycles. Most recently, the Biden administration reversed a series of...
View ArticleOil edges higher US interest rate cut counters weak demand
Oil prices rose slightly on Monday after last week’s cut to U.S. interest rates and a dip in U.S. crude supply in the aftermath of Hurricane Francine countered weaker demand from top oil importer...
View ArticleMiddle East Crude-Benchmarks slip amid unclear demand signals
Middle East crude benchmarks Oman, Dubai and Murban all slipped slightly as demand signals remained unclear and leaning on the weak side, though some support in the West in the meantime could curb...
View ArticleOil and gas industry slows energy transition as focus shifts back to fossil...
The oil and gas industry has pursued energy transition avenues to decarbonize its operations. However, heightened energy security fears amid the Ukraine war have brought back the focus on fossil fuels,...
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