Oil trades steady as Ukraine peace talks counter supply disruptions
Oil prices held firm on Tuesday as the U.S. and Russia pressed ahead with talks to end the war in Ukraine, while traders assessed fallout from drone attacks on a key conduit for Kazakhstan’s oil...
View ArticleMiddle East Crude-Oman and Dubai slide, Murban up
Middle East crude benchmark spot premiums of Oman and Dubai dipped on Tuesday, while that for Murban rose slightly. India’s ONGC Videsh issued a tender to sell one million barrels of Nile blend crude...
View ArticleAsia drives 2025 oil demand growth as cuts, sanctions reduce supply surplus:...
Global oil demand growth is projected to average 1.1 mb/d in 2025, up from 870 kb/d in 2024, according to the IEA Oil Market Report (OMR) for February. The monthly publication noted that China will...
View ArticleGlobal oil and gas contract value remains stable despite volume decline in Q4...
The global oil and gas industry experienced a 15% quarter-on-quarter decrease in the total number of contracts, from 1,596 in Q3 2024 to 1,353 in Q4 2024. Despite the dip in volume, the overall...
View ArticleHow Trump’s ‘drill, baby, drill’ pledge is affecting other countries
The UN climate summit in the United Arab Emirates in 2023 ended with a call to “transition away from fossil fuels”. It was applauded as a historic milestone in global climate action. Barely a year...
View ArticleThe Commodities Feed: Supply risks vs peace talks
Energy Supply uncertainty The oil market appears to have found some support with ICE Brent edging higher yesterday, moving closer towards US$76 per barrel. There have been reports that OPEC+ may delay...
View ArticleOil gains on US, Russia supply worries; market seeks Ukraine talks clarity...
Oil prices edged up on Wednesday amid worries of oil supply disruptions in the U.S. and Russia, and as markets awaited clarity on the Ukraine peace talks. Brent crude futures were up 41 cents, or 0.5%,...
View ArticleMiddle East Crude-Benchmarks rise after oil gains
Middle East crude benchmark spot premiums for Oman, Dubai and Murban rose on Wednesday, reversing previous session’s declines. Oil prices gained on Wednesday amid worries of oil supply disruptions in...
View ArticleOil rises on supply concerns as market awaits clarity on sanctions
Oil prices rose about 1% to a one-week high on Wednesday on worries about supply disruptions in Russia and the U.S., while the market awaits clarity on sanctions as the U.S. attempts to broker a deal...
View ArticleGermany’s antitrust watchdog flags pricing issues in oil market
Germany’s antitrust authority on Wednesday said an examination of the country’s oil market showed signs of pricing competition issues, urging stronger legal regulation on price quotations. In 2022, the...
View ArticleChevron staffers absorb long-awaited layoffs as CEO pledges accountability
During an internal town hall meeting last week, roughly 40,000 Chevron employees were shown a video touting the oil giant’s success in Colorado as the largest oil and gas producer in the state. Less...
View ArticleUS crude, gasoline stockpiles likely rose last week, distillate draw seen
U.S. crude oil and gasoline stockpiles were expected to have risen last week, while distillate inventories likely fell, a preliminary Reuters poll showed on Tuesday. Three analysts polled by Reuters,...
View ArticleConsumption of renewable diesel continues general growth trend on the U.S....
Renewable diesel is increasingly replacing petroleum diesel on the U.S. West Coast, where state-level policies are attracting new production capacity and shipments to the region. The fuel continues to...
View ArticleGlencore oil trading volumes rose in 2024, results show
London-listed global commodity trader and miner Glencore GLEN traded more oil in 2024 than in the previous year, preliminary results showed on Wednesday, but its earnings from trading energy products...
View ArticleGoldman Sachs says it does not see Ukraine ceasefire boosting Russia output
A potential Ukraine ceasefire and the associated easing in sanctions on Russia are unlikely to substantially increase Russia’s oil flows, Goldman Sachs said. U.S. President Donald Trump’s...
View ArticleThe Commodities Feed: EU agrees on another Russian sanctions package
Energy – EU sanctions Russian vessels Supply uncertainty continues to support the oil market, which faces multiple risks, including disruptions to Kazakh flows, the potential for a delay in the return...
View ArticleOil little changed on US crude inventory build Reuters
Oil prices were little changed on Thursday after rising to a near one-week high in the previous session, as an industry report showing a buildup in U.S. crude stockpiles pressured the market. Brent...
View ArticleBrazil’s National Council for Energy approves joining Charter of Cooperation...
OPEC welcomes the decision approved today by the National Energy Council of the Federative Republic of Brazil (CNPE) that formally paves the way for the participation of Brazil as a Member of the...
View ArticleIEA, IEF, and OPEC convene industry leaders for critical dialogue on energy...
The International Energy Agency (IEA), the International Energy Forum (IEF), and the Organization of the Petroleum Exporting Countries (OPEC) today convened the world’s most influential policymakers in...
View ArticleMiddle East Crude-Oman, Dubai and Murban slide
Middle East crude benchmark spot premiums of Oman, Dubai and Murban moved downwards on Thursday, reversing gains in the previous session. Oil prices were little changed on Thursday after rising to a...
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