North Sea Crude-Ekofisk rises, WTI Midland steady
North Sea Ekofisk crude differentials rose on Friday after a deal, while U.S. WTI Midland and other North Sea grades were steady. PLATTS WINDOW Indications are on a free-on-board (FOB) basis unless...
View ArticleMed crude-Urals diffs unchanged in quiet trade
Urals crude oil differentials to dated Brent remained unchanged on Friday in a quiet trading day. Urals oil loading plan for November is expected to emerge by the end of the next week, traders said....
View ArticleCHINA DATA: Sep crude throughput rebound unlikely to sustain
China’s crude throughput rebounded to a five-month high of 14.35 million b/d in September, National Bureau of Statistics data showed Oct. 18, but refining sources said the level is unlikely to sustain....
View ArticleRussia’s ESPO Blend oil premiums rise above $1/bbl in China on supply worries
Spot premiums for Russia’s Far East ESPO Blend crude oil have firmed to more than a $1 per barrel premium as worries of possible supply disruption from Iran and firmer prices for Abu Dhabi’s Murban oil...
View ArticleAsian spot prices inch up amid emerging demand
Asian spot liquefied natural gas (LNG) gained for the first time since end-August this week, supported by emerging spot demand across the region. The average LNG price for December delivery into...
View ArticleAsia spot diesel discounts narrow amid tightened supply
Northeast Asian refiners sold November-loading ultra low-sulphur diesel at the narrowest discounts since the start of the year as supply has tightened due to lower regional output, trade sources said...
View ArticleOPEC: Winter oil market outlook
The global refinery intake has witnessed a gradual rising trend so far in 2024 and reached a year-to-date (y-t-d) high of 82 mb/d in August, albeit this was 600 tb/d lower, y-o-y. In September,...
View ArticleRussia’s oil and gas revenue to leap in October by 52% m/m, Reuters...
Russia’s oil and gas revenue in October is set to jump to 1.17 trillion roubles ($12.16 billion), up 52% from September thanks to the once-a-quarter payment of oil profit-based tax, Reuters...
View ArticleChina’s September refinery output falls for the sixth straight month
China’s refinery output fell 5.4% last month versus a year earlier, official data showed, declining for a sixth consecutive month even with the start-up of a new plant as weak fuel consumption and...
View ArticleAsian refiners expect slower oil price decline as Middle East tensions aid...
Asian refiners generally expect oil prices to continue their downtrend for the remainder of the year; however, geopolitical tensions in the Middle East could slow the pace of decline, enabling them to...
View ArticleReturn of Libyan exports weighs on European crude market
A resumption of Libyan crude output after a political crisis over the central bank slashed the OPEC member’s exports to a four-year low, has led to a surplus in crude supplies in Europe, forcing...
View ArticleOil prices steady after 7% weekly drop
Oil prices steadied in early trading on Monday, following a more than 7% drop last week on worries about demand in China, the world’s top oil importer, and an easing of concerns about potential supply...
View ArticleIEA sets up new office in Singapore to strengthen energy collaboration in...
The International Energy Agency (IEA) and Singapore inaugurate the IEA Regional Cooperation Centre today – the IEA’s first office outside of its Paris headquarters in its 50-year history. IEA Executive...
View ArticleMiddle East Crude-Benchmarks fall, Dubai near two-month low
Middle East crude benchmark premiums for Oman, Dubai and Murban declined on Monday, with the Dubai premiumhitting a near two-month low. SINGAPORE CASH DEALS Cash Dubai’s premium to swaps declined 15...
View ArticleOil prices gain, recouping some of last week’s 7% loss
Oil prices rose on Monday, recouping some of last week’s more than 7% decline, with no let up of fighting in the Middle East and the expectation of retaliatory Israeli attacks on Iran worrying markets...
View Article‘’Age of electricity’ to follow looming fossil fuel peak’’: Analysis or...
In launching its World Energy Outlook 2024 (WEO), the IEA stated that “the future of the global energy system is electric.” This follows its assertion that demand for coal, oil and gas will peak by the...
View ArticleOil demand may witness long plateau, but no abrupt fall seen: Aramco’s CEO...
Global oil demand may witness a long plateau, but it is unlikely to witness an abrupt fall, Saudi Aramco’s CEO Amin Nasser said Oct. 21, adding that crude demand would still be hovering above 100...
View ArticleNorth American midstream companies to report higher earnings for Q3 2024
Most of the big North American natural gas midstream operators were projected to report higher revenues for the third quarter compared to the second quarter and higher revenues year over year. Seven of...
View ArticleChina’s surplus crude oil hits nearly 1 million bpd for September
The weak position of China’s crude oil sector was underlined by September data showing a sixth consecutive monthly drop in refinery processing, leading to nearly 1 million barrels per day of oil being...
View ArticlePACIFIC LNG: Key market indicators for Oct 21-25
Platts JKM — the benchmark price reflecting LNG delivered to Northeast Asia — is expected to be rangebound in the week to Oct. 25, with market fundamentals unchanged and winter procurement largely...
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