Slower production growth and declining GHG intensity limited oil sands...
The greenhouse gas intensity of the Canadian oil sands continued to decline in 2023. Since 2009, S&P Global Commodity Insights estimates that the annual average GHG intensity of the Canadian oil...
View ArticleOPEC+ adds to uncertainty in the oil market
OPEC+ delayed supply increase leaves uncertainty A combination of Chinese stimulus hopes and elevated geopolitical risks following Iran’s missile attack on Israel boosted oil prices in early October,...
View ArticleIndia says oil prices would have rocketed without its Russian imports
Global oil prices “would have hit the roof” if big importer India had not bought oil from Russia following the Ukraine war, India’s oil minister said, adding that prices would determine where the...
View ArticleThe Commodities Feed: Chinese measures weigh on complex
Energy – European natural gas rallies Oil prices came under pressure on Friday along with the rest of the commodities complex after markets were left underwhelmed by China’s debt package, which will...
View ArticleKuwait lowers December crude prices for Asia, document shows
Kuwait has lowered the official selling price (OSP) for Kuwait Export Crude (KEC) to Asia in December to $0.60 a barrel above the average of Oman/Dubai quotes, down 40 cents from the previous month, a...
View ArticleMiddle East Crude-Benchmark premiums slide
Middle East crude benchmark premiums for Oman, Dubai and Murban all ticked down on Monday. Saudi Arabia’s crude oil supply to China is set to fall to about 36.5 million barrels in December, trade...
View ArticleIndia, Saudi Arabia top buyers of Russian VGO and fuel oil in October, LSEG...
India and Saudi Arabia were the top destinations for Russian seaborne fuel oil and vacuum gasoil (VGO) exports in October, traders said and LSEG data showed. Total fuel oil and VGO exports from Russian...
View ArticleOIL FUTURES: Crude prices fall as market digests underwhelming Chinese stimulus
Crude oil futures fell in midmorning trading in Asia on Nov. 11, as the market continued to digest the lackluster Chinese stimulus package released late Nov. 8, which failed to boost optimism in the...
View ArticleA year after closing Permian entry acquisition, Civitas Resources keeps...
A year after closing the first of two transformative acquisitions that established a Permian Basin presence and then expanded that position, DJ Basin producer Civitas Resources now has a high-quality,...
View ArticleGlobal gas liquefaction capacity likely to reach 700 mil mt/year by 2030:...
Global gas liquefaction capacity is expected to grow to about 700 million mt/year by 2030 to meet increased demand for the fuel as some countries such as India raise their reliance on LNG to meet their...
View ArticleUS refiners hold output at high levels as fuel inventories sag
U.S. oil refiners this quarter expect to run their plants at above 90% of their crude processing capacity on low inventories and improving demand for gasoline and diesel, executives and industry...
View ArticleThe Commodities Feed: Natural gas surges
Energy – Natural gas strength, oil weakness Oil prices came under further downward pressure yesterday. ICE Brent settled almost 2.8% lower on the day, falling below $72/bbl. USD strength – an ongoing...
View ArticleOil drifts amid China stimulus concerns, oversupply worries
Oil prices were little changedon Tuesday, awaiting further price direction from OPEC’s monthly report, withinvestor disappointment over China’s latest stimulus plan and oversupply concerns keeping...
View ArticleMiddle East Crude-Benchmark premiums fall
Middle East crude benchmarks Oman, Dubai and Murban extended declines on Tuesday. QatarEnergy kicked off trading for crude loading in January 2025 by offering more spot cargoes via its monthly tender....
View ArticleTrump election neutral for Chinese oil demand as Beijing looks inward
Donald Trump’s US election win is unlikely to hit Chinese oil demand despite concerns about the impact of a potential escalation in the US-China trade war on the latter’s economy, several market...
View ArticleUS sets methane fee on oil, gas emitters as Biden term winds down
U.S. President Joe Biden’s administration on Tuesday finalized a methane fee for big oil and gas producers meant to slash emissions of the powerful greenhouse gas, but which is likely to be scrapped by...
View ArticleOPEC says Russian oil output broadly stable in October
Russia’s crude oil output edged up in October by 9,000 barrels per day (bpd) to about 9.01 million bpd, the Organization of the Petroleum Exporting Countries (OPEC) said on Tuesday, citing data from...
View ArticleOPEC Cuts Oil Demand Growth for 2024 and 2025
Oil Market Highlights Crude Oil Price Movements In October, the OPEC Reference Basket (ORB) value increased by 86¢, or 1.2%, m-o-m, to average $74.45/b. The ICE Brent front-month contract increased by...
View ArticleRosneft denies ‘evil Sechin’ reports of plan to take over Russian oil giants
Rosneft, Russia’s biggest oil company, denied reports that it had any intention of taking over a major chunk of the Russian oil sector, and said such reports were a attempt to cast its chief, Igor...
View ArticleTrump win set to have significant global gas market impact, says Axpo...
Trump’s election as US President “is set to have far-reaching, significant effects on global gas markets,” Axpo Singapore Managing Director Sophie Ducoloner told S&P Global Commodity Insights in an...
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