Tag Archives: crude oil

Aramco rises in times of crisis

Aramco rises in times of crisis Despite all the challenges such as oil price volatility, uncertainty caused by the ongoing Russian-Ukrainian crisis and the economic slowdown resulting from the pandemic, Saudi Aramco remains among the top performers in the energy league. The oil giant’s performance is evident in its 2021 …

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Oil prices are rising⁠ and pipeline stock dividends are rising. Here’s how to play it.

Sanctions on Russia are shaking up global energy markets, pushing crude oil above $100 a barrel and pushing U.S. gasoline prices to an average of $4.30 a gallon, up almost 50% last year. He also made the energy sector a superstar this year. Of the 11 sectors of S&P500, energy …

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Saudi crude exports hit 21-month high in January – JODI

FILE PHOTO: Flames are seen at Saudi Aramco’s Shaybah oilfield production site in the Empty Quarter, Saudi Arabia May 22, 2018. REUTERS/Ahmed Jadallah Join now for FREE unlimited access to Reuters.com Register March 18 (Reuters) – Saudi Arabia‘s crude oil exports in January reached 6.996 million barrels per day (bpd), …

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UK oil prices – live: Drivers pay ‘incredibly high’ costs as RAC says diesel ‘on track to reach £1.70 a litre’

Drivers queue for fuel in England as motorists are hit by rising oil and diesel prices With average petrol and diesel costs hitting record highs in the UK, drivers will see ‘unbelievably high prices on the forecourts’, the RAC has warned, as petrol has reached over £2 a liter in …

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Economic growth at 7.8%, the rise in oil prices slows down: S&P Global Ratings

Rising oil prices could dampen economic growth and lead to large current account (CAD) deficits in major energy-importing countries like India, S&P Global Ratings said on Wednesday. The rating agency pegged India’s economic growth at 7.8% for FY23. It said high inflation, weaker demand and heightened uncertainty …

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Staples: Alberta offers a way out of North America’s chaotic energy policy

Breadcrumb Links Politics national Columnists Energy security is the most burning domestic issue in the United States right now. Biden and his Democrats are reportedly considering importing more oil from dictatorships like Venezuela, Saudi Arabia and Iran. Publication date : March 09, 2022 • 57 minutes ago • 3 minute …

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KUNA: Kuwaiti oil price remains well above the 100 point threshold – General

03/03/2022 LOC08:59 05:59 GMT KUWAIT, March 3 (KUNA) — The price of Kuwaiti crude oil remained well above the 100-point threshold amid global turmoil caused by the ongoing Russia-Ukraine crisis.In a statement on Thursday morning, the Kuwait Petroleum Corporation (KPC), the umbrella company of Kuwaiti …

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Oil prices rise as fears over Russian crude supply escalate

Oil prices continued to climb on Wednesday as markets braced for severe disruptions in crude supplies from Russia as Moscow’s invasion of Ukraine continues. The global benchmark, Brent crude, climbed as high as $113 a barrel on Wednesday, just days after breaking the triple-digit mark for the first time in …

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Ukraine crisis: Amid concerns over rising crude oil prices, farmers in Punjab stock up on fuel

As the Russian-Ukrainian conflict raises concerns over soaring crude oil prices, farmers in Punjab stock up on fuel for the upcoming wheat harvest season. Long lines of tractors, with fuel storage tanks, were seen at petrol stations in rural areas of the southern region of Malwa on Saturday. Russia and …

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Commodities Rise as Russia Invades Ukraine: Major Oil, Aluminum, Palladium and Nickel Price Spikes

Editor’s Note: With such volatility in the markets, stay up to date with daily news! Get our quick roundup of today’s must-see news and expert opinion in minutes. Register here ! (Kitco News) – In a highly volatile session following Russia’s attack on Ukraine, the commodities sector surged, …

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Saudi Arabia denounces short-sighted campaign against oil

The world’s biggest oil exporter, Saudi Arabia, has repeatedly said it wants to be the producer that pumps out the very last barrel of oil. In the meantime, the world and its growing economy will still need oil and gas, even as renewable energy capacity soars globally. The rebound of …

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Oil prices up sharply for 8th time – Manila Bulletin

With global oil prices rising slightly, heavy domestic oil pump cost adjustments are again expected next week for this year’s 8th round. Based on last week’s international trade results, it was estimated that petrol prices will increase by P0.95 to P1.05 per litre; diesel from P0.55 to P0.65 per litre; …

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russia: Explained: How much oil, gas and coal India imports from Russia

LONDON: As the Ukraine-Russia crisis escalates and threatens to ignite conflict in Europe, analysts warn there could be implications for Asia, where several countries depend on Russia for oil, gas and coal. Any invasion of Ukraine by Russian troops could trigger sanctions and retaliation that would disrupt the movement of …

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RHB Raises Crude Oil Price Forecast to US$75-$90, Maintains ‘Overweight’ on Sector | Money

RHB Research said demand destruction was inevitable for Russia and Ukraine in the event of war. —Photo Reuters KUALA LUMPUR, February 14 – RHB Research maintained its call for “overweight” on the regional oil and gas sector and raised its crude oil price forecast to between USD 75 and USD …

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Net oil profit jumps 37% in third quarter, Auto News, ET Auto

The OIL Board has declared a second interim dividend of Rs 5.75 per share for 2021-2022 resulting in a total interim dividend to date of Rs 9.25 per share for exercise. New Delhi: State-owned Oil India Ltd reported a 37% increase in third-quarter net profit on Friday as it benefited …

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SHELL MIDSTREAM PARTNERS, LP RECEIVES OFFER FOR REMAINING UNITS OF SHELL PIPELINE COMPANY LP

HOUSTON, February 11, 2022 /PRNewswire/ — Shell Midstream Partners, LP (NYSE: SHLX) (“SHLX” or the “Partnership”) announces that it has received a non-binding preliminary proposal letter from Shell Pipeline Company LP (“SPLC”) to acquire all of the issued and outstanding ordinary shares of the Partnership that are not already held …

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OPEC sees higher oil demand forecast for 2022 thanks to strong pandemic recovery

Crude oil storage tanks are seen from above at the Cushing Petroleum Center, appearing to run out of space to hold a historic supply glut that has driven prices up, in Cushing, Oklahoma March 24, 2016. Photo taken March 24, 2016. REUTERS/ Nick Oxford // File photo Join now for …

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Oil prices climb after API data shows surprise drop in US stocks

Crude oil storage tanks are seen in an aerial photograph of the Cushing Oil Hub in Cushing, Oklahoma, U.S., April 21, 2020. REUTERS/Drone Base Join now for FREE unlimited access to Reuters.com Register API data shows US crude, fuel stocks falling – sources Iran nuclear talks resume Tuesday in Vienna …

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How climate and the Nord Stream 2 gas pipeline underpin the standoff between Ukraine and Russia

As tensions simmer on the border between Ukraine and Russia, the Nord Stream 2 gas pipeline has become the emblem of the energy and climate issues underlying the conflict, even if it has not yet delivered a molecule of natural gas. Last week, the US State Department promised that Gazprom’s …

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High food prices dash India’s hopes of cutting cooking oil imports

Consumption is expected to rise in India by 17% over the next four years, according to BV Mehta, executive director of the Solvent Extractors’ Association. Such a steep rise would further widen the manufacturing gap: India is likely to produce around 10 million tonnes of edible oils in 2021-22, against …

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Oil and Gas Pipeline Coatings Market to Surpass US$6,958.0

DUBAI, United Arab Emirates, Jan. 20, 2022 (GLOBE NEWSWIRE) — According to Future Market Insights (IMF), the oil and gas pipeline coatings market recorded an annual growth (YoY) of 5.5% in 2021. The demand in the Oil and Gas Pipeline Coatings Market is expected to grow at a CAGR of …

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OPEC Plus and other oil producers fail to meet demand

Nearly two years ago, global oil producers halted and drastically reduced production as the pandemic gripped global economies. The sharp decline was accompanied by an implicit promise that as factories reopen and planes return to the air, the oil industry will also rebound, gradually ramping up production to help economies …

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How much did Texas Oil pay in taxes in 2021? | Rigzone

The Texas oil and gas industry paid $15.8 billion in state and local taxes and state royalties in fiscal year 2021, according to recently released data from the Texas Oil & Gas Association (TXOGA). , which were sent to Rigzone. That figure translates to well over $43 million a day, …

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Public Joint Stock Gazprom: Upon conclusion of a major transaction by an entity controlled by the issuer and materially material to the issuer (PDF, 64.2 KB)

STATEMENT OF MATERIAL FACTS AT THE CONCLUSION OF THE MATERIAL TRANSACTION BY ENTITY CONTROLLED BY THE ISSUER AND MATERIALLY IMPORTANT FOR THE ISSUER 1. General information 1.1. Full legal name (for a business entity) or Gazprom Public Joint Stock Company name (for a non-profit organization) of the issuer 1.2. Sender …

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China is the only winner in this huge Iraqi oil field

Iraqi Petroleum Minister Ihsan Abdul Jabbar’s statement last week that the newly resurrected Iraqi National Oil Company (INOC) has received government approval to acquire ExxonMobil’s 32.7% stake in the oil field supergiant West Qurna 1 for up to $ 350 million is likely to leave China elated, the United States …

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Cold weather in North Dakota and Alberta forces oil producers to curb production

Regional prices for crude oil pumped in western Canada and North Dakota rose this week to reduce their rebates against the U.S. benchmark, WTI crude, after freezing winter temperatures upset prices. Crude flows from the oil sands in Alberta and the Bakken shale deposit in the United States. While freezing …

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Buhari repeats false statement about Nigeria’s oil revenues in recent years

President Muhammadu Buhari again cited erroneous figures on Nigeria’s average crude oil earnings between 1999 and 2014, while speaking of his administration’s efforts to build the economy with scarce resources. The president, in the interview broadcast by Channels TV on Wednesday, said Nigeria’s crude oil production from 1999 to 2014 …

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Crude Oil Market Size 2022-2028 Industry Share, Growth Analysis, Regional Demand, Major Manufacturers – Gulf Oil, Saudi Aramco, Chevron Corporation, Shell, Suncor Energy

The Crude Oil Market Report is a perfect basis for people looking for a comprehensive study and analysis of the Crude Oil Market. This report contains diverse study and information that will help you understand your niche and key market channel concentration in the regional and global Crude Oil market. …

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Dividends recover for Saudi Arabia’s 10 biggest companies after pandemic

LONDON: Greta Thunberg’s bitter sacking of world leaders for their promises to fight global warming as ‘blah, blah, blah’ was not what it turned out, too far off target in 2021. Despite serious commitments from Washington to Beijing to reduce fossil fuel consumption and reduce global heating emissions, demand for …

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DS Nanaware Takes Head of Pipelines at Indian Oil, Energy News, ET EnergyWorld

New Delhi: DS Nanaware has taken over the management (Pipelines) of India’s largest oil company, IOC, the firm said on Wednesday. Nanaware graduated in Mechanical Engineering from Walchand College of Engineering in Sangli, Maharashtra. He has a varied experience of over 36 years. He is also Chairman of IHB Ltd …

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N1trn in 10 months … how oil subsidy payments weighed on Nigeria’s income in 2021

The stubborn undercollection of premium motor spirit (PMS), also known as the gasoline subsidy, created a mess of income for the federation in 2021. Apart from the usual polemics on the question of whether to “withdraw or not”, the essence subsidy payments swallowed up over 1.03 trillion naira in 10 …

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SOUTH KOREA DATA: November crude imports increase but short-term throughput is under pressure

Strong points First quarter spot crude purchases expected to drop amid fragile demand U.S. crude imports increase year-over-year for 8th consecutive month Refiners continue to find Middle East crude prices expensive South Korea’s crude oil imports in November were up 14.2% from a year earlier, as local refiners increased their …

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Crude oil prices fluctuate, but fuel prices remain unchanged

New Delhi, first published December 18, 2021 at 9:32 a.m. IST Gasoline and diesel prices last changed on Diwali. Since then, oil marketing companies have refrained from revising fuel prices. This despite the fact that crude oil prices have continued to fluctuate in the international market. At 8:30 a.m. on …

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Was OPEC right on the oil markets?

Just a week ago, oil markets were looking to cross this year’s finish line on a winning note as oil prices recorded a respectable rally thanks to the easing of widespread foreclosure fears. Several reports have shown that, despite faster spread, the Omicron variant causes milder symptoms than Delta and …

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Omicron Covid variant to reduce global oil demand, IEA says

A tanker truck drives past oil well pump jacks operated by Chevron Corp. in San Ardo, California, United States, on Tuesday, April 27, 2021. David Paul Morris | Bloomberg | Getty Images Oil demand is expected to fall below expectations next year, the International Energy Agency said on Tuesday, as …

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Energy transfer increases natural gas and petroleum capacity with licensing acquisition completed

Dallas-based Energy Transfer LP owns and operates an additional 14,000 miles of gas and oil pipelines in Arkansas, Louisiana, Oklahoma and Texas after completing its merger earlier this month with Enable Midstream Partners LP. The $ 7.2 billion merger, first announced in February, strengthens intermediate transportation and gas systems in …

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Oil prices drop as investors wait for Omicron’s impact assessment

Crude oil storage tanks are seen from above at the Cushing Oil Hub in Cushing, Oklahoma on March 24, 2016. REUTERS / Nick Oxford / File Photo Register now for FREE and unlimited access to reuters.com Register Biden warns Putin of sanctions, Nord Stream 2 disruption if Russia invades API …

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Is shale gas a game-changer for Saudi Arabia?

The first major contracts for Saudi Arabia’s Jafurah field – allegedly the largest shale gas field outside the United States – were awarded last week, as the Kingdom aims to become the third largest gas producer natural to the world by 2030, to the point where it could even become …

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End of a 6-day price drop streak

SAN DIEGO (CNS) – A six-day streak of the average price per gallon of self-service regular gasoline in San Diego County, totaling 2.9 cents, ended on Monday when it rose by two tenths of a cent to $ 4.643. The streak began a day after the end of a 19-day …

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Omicron Doom and Gloom may not be justified

They say once bitten, twice shy. Last year, global oil traders were in shock after oil prices fell into negative territory for the first time in history, a scenario few people could have imagined, let alone predicted. And their knee-jerk reaction to any emergence of new Covid-19 variants now appears …

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CER publishes regulatory decision on main contracts

CALGARY, AB, November 26, 2021 / CNW / – Enbridge Inc. (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) today received a decision from the Canadian Energy Regulatory Authority (CER) regarding the commercial proposal of the Company to offer transportation contracts on its main pipeline system, which moves approximately 3 …

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Crude Oil Price Forecast – Crude Oil Markets Break

WTI crude oil The West Texas mid-market crude oil market swung back and forth during Wednesday’s trading session as we lag around the 50-day EMA. The $ 80 level is just above it and offers resistance so I think at this point it makes sense for this market to take …

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Our fight against climate change begins with the export of American natural gas to replace coal

GLASGOW, SCOTLAND – NOVEMBER 02: US President Joe Biden speaks during action on forests and land … [+] Use the event on day three of COP26 on November 2, 2021 in Glasgow, Scotland. 2021 will see the 26th United Nations Climate Change Conference. The conference will run from October 31 …

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The energy crisis in Europe will worsen this winter

Geopolitics ExxonMobil and Qatar Petroleum are several weeks away from a resumption of exploratory drilling off Cyprus, while the French Total SA and the Italian Eni should resume drilling in the same area in the first half of 2022. This update of the Drilling from the Cypriot government prompted a …

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Oil wins after US infrastructure bill passes, Chinese exports rise

Crude oil storage tanks are seen from above at the Cushing Oil Hub in Cushing, Oklahoma on March 24, 2016. REUTERS / Nick Oxford TOKYO, Nov. 8 (Reuters) – Oil prices rose on Monday amid positive signs of global economic growth, supporting energy demand, as Saudi state producer Aramco raised …

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Crude Oil Price Update – Next Big Challenge For Bulls Is At The 50% Level At $ 81.83

US West Texas Intermediate crude oil futures are trading higher late Friday, regaining some of this week’s losses, after OPEC + producers turned down a US demand for accelerate production increases. Sentiment also gained on data showing US employment increased more than expected in October. At 7:43 p.m. GMT, December …

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With shale under control, Saudi Arabia and Russia become more comfortable with oil rally

A sticker shows crude oil on the side of a storage tank in the Permian Basin in Mentone, Loving County, Texas, USA, November 22, 2019. REUTERS / Angus Mordant / File Photo OPEC + has pushed back US calls for faster production increases Russian source claims OPEC + is not …

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Oil majors envision big gains in Africa

The optimistic response to a recent discovery in Côte d’Ivoire by Italian oil giant Eni, the first major discovery in the country in two decades, suggests that many African states are not yet ready to ditch fossil fuels and switch to renewable energies. In September, Côte d’Ivoire announced a major …

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The government takes advantage of the windfall of soaring oil prices

The government expects a boon in oil exports after crude oil shortages by major exporters around the world have pushed commodity prices to a three-year high. Crude oil prices peaked at $ 85 per barrel this week as demand for the commodity increased amid tight supply from China, the United …

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Refining margins hit multi-year high

Refining margins, the crack spread of Nymex gasoline, were trading above $ 16 a barrel on Thursday, their highest level since 2017, Bloomberg said Thursday. The crack spread is the difference between the price of crude oil and the price of refined products, which include gasoline, distillates, diesel, and jet …

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What is behind Saudi Arabia’s pivot to natural gas?

Saudi Aramco’s request for bids from local and international companies for the construction of a water desalination plant project in the Jafurah shale gas field highlights the Kingdom’s claims to be at the forefront of the global energy transition to cleaner energy through reduced carbon emissions. As with many of …

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Oil Prices Extend Gains to Multi-Year Highs Due to Tight Supply

Crude oil storage tanks are seen from above at the Cushing Oil Hub in Cushing, Oklahoma, USA, March 24, 2016. REUTERS / Nick Oxford WTI reaches its highest level since October 2014, Brent reaches its highest level in 3 years Speculators increase their net long positions in US crude -CFTC …

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Peak oil demand forecasts turn sour as demand continues to grow

In the minds of many news consumers, oil is disappearing. Coal too. Gas too, although this can stay on for a bit longer. After all, we are entering a new era of clean energy, and while it will take some time to get there, it is our only option for …

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Saudi Arabia, leading oil exporter, targets net zero emissions by 2060

Dual objective of reducing carbon emissions Saudi initiative for an investment of 187 billion dollars Fight against climate change while ensuring the stability of the oil market Could reach target before 2060, according to Minister of Energy RIYAD, October 23 (Reuters) – The Crown Prince of Saudi Arabia said on …

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NRL signs “Right of Use” pipeline sharing agreement with Indradhanush gas network

Guwahati: Numaligarh Refinery Limited (NRL) signed a pipeline “Right of Use (RoU)” sharing agreement with Indradhanush Gas Grid Limited (IGGL), which is a joint venture of NRL with Indian Oil Corporation (IOCL), Oil & Natural Gas Corporation (ONGC), Gas Authority of India Limited (GAIL) and Oil India Limited (OIL), Thursday. …

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Why gas prices are going up when they should go down

Historically, gasoline prices have risen in the spring for a variety of reasons, including the switch to summer fuel. Then they decrease in the fall for reasons such as lower demand for gas after the hot summer months. But this is not the case this year. Gas prices have gone …

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Indian state refiners consider joint crude purchases as soaring prices bite

Strong points IOC, BPCL, HPCL are the main state-run refiners in India The key challenge of pricing such long-term transactions: Platts Analytics HPCL rough runs reach 100% capacity as demand increases Indian state refiners, bitten by soaring crude prices, are working on a plan to jointly negotiate forward crude import …

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Oil hits multi-year high above $ 86, then pulls back

A worker takes a sample of crude oil from an oil well operated by the Venezuelan state oil company PDVSA in Morichal, Venezuela, July 28, 2011. REUTERS / Carlos Garcia Rawlins / File Photo American crude, lower fuel stocks, tightening supply -EIA Coal and natural gas prices fall, weighing on …

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$ 200 ‘Crazy’ Oil Bets Invade Options Market

A roaring bullish crude options trade indicates that the energy rally of 2021 is far from over. Traders are betting once again that the benchmark US oil will exceed $ 100 a barrel, up from $ 82 recently, as early as December. U.S. crude, known as West Texas Intermediate or …

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$ 100 of oil doesn’t seem likely

Saudi Energy Minister Prince Abdulaziz bin Salman al-Saud (Photo by KARIM SAHIB / AFP via Getty … [+] Images) AFP via Getty Images A woman was recently sentenced to four days in jail for approaching a bear to take a selfie: I guess she wasn’t at NYMEX, where bears seem …

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Soaring oil and gas fuels inflation fears, as German factory orders tumble – Business Live | Business

Hello and welcome to our continued coverage of the global economy, financial markets, UK supply chain crisis and business. The energy crisis is intensifying, driving up costs for households and businesses, and spreading inflationary fears in the markets. US crude hit its highest level since 2014 this morning, extending its …

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Investigators investigate cause of large oil spill off the coast of California, United States

HUNTINGTON BEACH, CALIFORNIA (REUTERS) – Federal and state investigators on Monday (October 4) investigated the cause of the leak of some 126,000 barrels of crude oil into the Pacific Ocean off the coast of southern California. Huntington Beach, about 65 km south of Los Angeles, was the hardest hit with …

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Oil Prices Impact USDINR Movement: Myth or Reality?

The USDINR remained volatile throughout the week as it continued to track the US dollar index under low risk market conditions. After opening at 73.68, the pair traded between 73.61 and 74.36 before ending the week at 74.12. The dollar index has moved closer to a one-year high amid rate …

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Reliance creates a subsidiary in the United Arab Emirates for the oil trade

MUMBAI (Reuters) – Reliance Industries said on Saturday it had established a wholly-owned subsidiary in the United Arab Emirates (UAE) to trade crude oil, petroleum, petrochemicals and agricultural commodities. Reliance International Ltd (RINL), the new subsidiary, has yet to start operations, the parent company said in an exchange document, adding …

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Crude oil prices torn between supply fears and grim market mood

CRUDE OIL OUTLOOK: Crude oil prices slow as rally struggles to extend past four-month highs Concerns related to the reduction in supply are counterbalanced by a generally risk-free environment US PCE inflation and the ISM manufacturing survey in the spotlight ahead Crude Oil Price wavered sharply but ultimately failed to …

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Diesel prices rebounded to a record 89.87 per liter on Thursday | Latest India News

Diesel prices rebounded to a record high price of ??89.87 per liter in Delhi on Thursday after state-run fuel retailers increased their rate by 30 paise per liter, the fifth increase in seven days, leading to an increase in the fuel rate of ??1.25 per liter. Recent price hikes have …

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Oil prices exceed $ 80 a barrel for the first time in three years

European coal, carbon and gas prices have all hit record highs as crude oil surged above $ 80 a barrel, making it clear that the world is heading towards an energy crisis that could weigh on economic growth. . Brent, the international benchmark, rose 0.9% to $ 80.22 a barrel …

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Aramco installation in Abqaiq added to prestigious WEF Global Lighthouse Network

DHAHRAN, Saudi Arabia, September 28, 2021 / PRNewswire / – The World Economic Forum recognized Aramco’s third facility, Abqaiq, for its pioneering adoption and integration of advanced technologies from the Fourth Industrial Revolution (4IR). The Abqaiq Oil Processing Plant, the world’s largest oil processing plant, joins Aramco’s Uthmaniyah Gas Plant …

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Three-year high oil price means further pressure on household bills

Oil prices rose for a fifth day in a row, with Brent crude oil prices at their highest level since October 2018 and heading towards $ 80 a barrel due to supply issues as demand picks up in parts of the world with the relaxation of pandemic restrictions. Brent crude …

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Gazprom Neft sees technical synergies with Abu Dhabi gas program

Gazprom Neft, the oil and gas exploration arm of Russian gas company Gazprom, expects oil prices to average $ 50 a barrel. The company also sees possible opportunities in sharing its technical expertise in developing the UAE’s gas reserves, its deputy managing director said. “When we talk about our strategic …

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American shale is finally ready to drill

American shale producers have performed in an exemplary fashion over the past year. It was not something the industry wanted to do. It’s something it was forced to do by the pandemic and by its shareholders, who, after years of waiting for bargains, have put their foot down and demanded …

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Memphis City Council passes law protecting Memphians from pipeline pollution. Other laws are still pending. – SACE | Southern Alliance for Clean Energy SACE

The worried citizens of Memphis finally have concrete means to fight against future pipeline projects. Brady Watson and Pearl Eva Walker | September 24, 2021 | Climate change, energy justice, Tennessee After months of delays, reviews, legal maneuvering and public pressure, Memphis City Council passed an ordinance on Tuesday evening, …

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Stop oil and gas leaks in Niger Delta, representatives tell Agip

Posted September 23, 2021 The House of Representatives called on the Nigerian Agip Oil Company to end the leakage of petroleum products from its pipelines. The call followed the unanimous adoption of the motion at Thursday’s plenary session titled “Urgent need to reduce oil and gas leaks in pine forest …

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Russian ruble firms profit from rebound in oil prices ahead of OFZ bond auction

MOSCOW, September 22 (Reuters) – The Russian ruble strengthened on Wednesday ahead of a Treasury bond auction, helped by the rebound in oil prices above $ 75 a barrel (LCOc1>, amid caution ahead of the imminent policy decision of the US Federal Reserve. At 07:19 GMT, the ruble was 0.3% …

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India’s oil imports hit four-month high in August

India’s oil imports jumped 23% month-on-month to a four-month high of 4.2 million barrels per day (bpd) in August as refiners prepare to increase crude throughputs for the festival season which begins next month, Reuters reported. Tuesday, citing data on tankers from commercial sources. India’s oil imports also increased by …

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Saudi Arabia stocks drop as markets close; Tadawul All Share down 0.11% By Investing.com

© Reuters. Saudi Arabia stocks drop as markets close; Tadawul All Share down 0.11% Investing.com – Saudi Arabia stocks were down after Tuesday’s close, with losses in, and sectors pushing stocks down. At the close in Saudi Arabia, the decline of 0.11%. The best performers of the session on the …

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CGSB shares advance more than 4% on soaring crude oil prices

Over 1.4 crore of ONGC shares changed hands on the NSE within an hour of market opening. Shares of state-owned oil exploration company – Oil and Natural Gas Corporation (ONGC) rose 4.51% to a new 52-week high of Rs 134.30 on BSE following soaring oil prices. crude oil on the …

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Gasoline and diesel prices could rise with soaring international oil prices as oil companies face squeezing margins

Petrol in Delhi currently costs Rs 101.19 per liter and diesel is priced at Rs 88.62 per liter A surge in international oil prices could translate into an increase in the retail price of gasoline and diesel in India as oil companies face extreme margin squeeze, sources said. Gasoline and …

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Puri calls Saudi Arabia for second time in two months, Energy News, ET EnergyWorld

New Delhi: Oil Minister Hardeep Singh Puri on Friday called Saudi Oil Minister Abdul Aziz bin Salam Al Saud – the second such exchange in as many months – to discuss an energy partnership. “I had a warm exchange with HRH Abdul Aziz bin Salman Al Saud, Minister of Energy …

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Oil ends week on a bullish note as blackouts persist

Hurricane Ida is now officially the most devastating hurricane of all time in terms of disrupting oil production, and experts expect the blackouts to last through September. Friday, September 17, 2021 The Gulf of Mexico in the United States is gradually bringing back slack production capacity – to date, about …

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Puri calls Saudi Arabia for the second time in two months

Outlook September 17, 2021 10:04 PM IST Puri calls Saudi Arabia for the second time in two months perspectivesinde.com 1970-01-01T05: 30: 00 + 0530 New Delhi, September 17 (PTI) Oil Minister Hardeep Singh Puri on Friday called Saudi Oil Minister Abdul Aziz bin Salam Al Saud – the second such …

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Russian ESPO oil prices at 21-month high, boosted by strong Chinese demand

SINGAPORE, Sept. 16 (Reuters) – The rebound in demand for crude in China has pushed prices of a Russian-grade popular with independent Chinese refiners to the highest in 21 months, several trade sources said Thursday. Russian firm Surgutneftegaz (SNGS.MM) sold three cargo shipments of ESPO crude in November at premiums …

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Heavy gasoline consumption fuels record oil demand in the United States

Demand for oil in the United States continues its upward trajectory, hitting an all-time high last week, as commodity inventories fell to their lowest level in three years. If the demand trend continues, oil prices could rise further for the rest of the year, some analysts say. Despite the fact …

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China sees opportunity as Venezuela’s oil industry hits rock bottom

Venezuela’s near collapse and strict US sanctions create an opportunity for Russia, Iran and China to strengthen their presence in Latin America, a region that has been under US hegemony for decades. While Russia and Iran have, to some extent, gained a foothold in Venezuela by providing crucial support to …

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Clean-up boats at the scene of a large oil spill in the Gulf following Hurricane Ida, Energy News, ET EnergyWorld

FILE PHOTO: Unused oil rigs lie in the Gulf of Mexico near Port Fourchon, La. August 11, 2010. REUTERS / Lee Celano / File Photo WASHINGTON: The US Coast Guard said on Saturday that cleanup crews were responding to a large oil spill in the Gulf of Mexico following Hurricane …

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Oil prices stable after US call for more oil raises supply concerns

White House: OPEC + output is not enough, may harm global recovery White House not asking US oil producers to increase production US crude and gasoline inventories are falling; lower fuel consumption -EIA SINGAPORE, Aug. 12 (Reuters) – Oil prices held steady on Thursday after two days of rising after …

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Asia buys less Saudi crude as COVID restrictions return

Some Asian refiners named lower than normal crude oil volumes from Saudi Arabia in September, as authorities in China and the rest of Asia reimposed restrictions to combat the Delta variant push, have officials from four refineries said. Bloomberg. Aramco informed those four refineries – one in Southeast Asia and …

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Nord Stream 2: How to Make the Most of a Bad Idea

An outlet filtration installation of a gas treatment unit at the Slavyanskaya compressor station in the Leningrad region of Russia, the starting point of the Nord Stream 2 gas pipeline. Photo via Peter Kovalev / TASS. Even after the United States and Germany issued a joint statement on July 21 …

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Oil slips 4% on Chinese virus brakes and climate warning

WTI crude at its lowest since May China Reports Increase in New COVID-19 Cases Chinese July crude imports down 20% year on year UN panel issues dreadful climate change warning LONDON, Aug. 9 (Reuters) – Oil prices fell 4% on Monday, extending last week’s steep losses amid a rising US …

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Gasoline and diesel rates remain unchanged as international oil prices continue to fall

Fuel prices remain stable for the fourth day in a row as state-run oil companies maintain rates amid falling international oil prices. Fuel prices are expected to decline if the trend continues. Check out the latest gasoline and diesel prices. Fuel prices in the country are expected to fall as …

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Oil bounces back as market takes advantage of lower prices

Fundraising after 7% drop on Monday amid COVID-19 concerns U.S. crude inventories set to fall for the 9th week in a row OPEC + deal to increase oil supply adds pressure Coming soon: API Weekly Oil Inventory Data at 4:30 p.m. ET / 2030 GMT NEW YORK, July 20 (Reuters) …

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Fuel rates rise again, petrol at 100.21 yen per liter in Delhi

Gasoline prices have crossed ₹100 per liter in Delhi and Calcutta on Wednesday after fuel retailers hiked gasoline prices by 35 paise per liter and diesel by 17 paise in the early hours of the morning, even as international crude oil prices fell on Tuesday following an inconclusive meeting of …

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Column: Supercycle, which supercycle? Chinese imports of raw materials do not impress (Russell)

Workers drive loaders unloading imported coal at a port in Lianyungang, Jiangsu province, China, December 5, 2019. REUTERS / Stringer The bullish glow surrounding commodities may have lost its luster, with imports in May from the main Chinese buyer looking distinctly unimpressive and far from levels associated with a new …

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Data-rich week could lead to price swings in oil markets

Daniel Graeber, Corresponding June 7, 2021Update: June 7, 2021 at 5:35 am A series of reports updating demand forecasts could lead to price swings in oil markets this week. Elizabeth Conley, Houston Chronicle / Staff Photographer Monthly market reports from OPEC, EIA and IEA could result in a volatile week …

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Exxon withdrew from oil trade amid pandemic as rivals were making their fortunes

An Exxon gas station is seen in Houston, Texas, the United States on April 30, 2019. REUTERS / Loren Elliott Exxon Mobil’s efforts to create an energy trading company to compete with those of European oil majors quickly collapsed last year as the company slashed funding for the unit amid …

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Silver prices today: Commodity strategies: gold, silver, crude, base metals

By Tapan Patel Commodity prices traded higher on Tuesday, continuing the trend of the previous session. On Monday, bullion prices remained at a narrow trading range as base metals continued to soar on optimism in demand growth. Gross ended in green after an early decline. The dollar index and US …

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OPEC Ministerial Meeting in Brief

The price of crude oil has responded to the rise in COVID-19 cases in proportions equal to the continued optimism of the global economic recovery. Subsequently, it remained linked to its range before the OPEC ministerial meeting scheduled for Wednesday. At Monday’s Joint Technical Committee meeting, OPEC Secretary General Mohammad …

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