Tag: Crude Oil
Saskatchewan Targets 600,000 b/d: Crude Production to Surge
A provincial government official announced that Saskatchewan, Canada, has set a goal to achieve a 31% increase in crude oil production, reaching approximately 600,000...
G7 Price Cap Squeezes Tanker Supply
Brent prices initially rose above $85 per barrel due to OPEC+ production cuts but have now fallen below $75 per barrel due to concerns...
Hedge Funds’ Ultra-Bearish Oil Bets Signal US Recession Angst
Derivative traders engaged in oil and fuel price contracts are currently exhibiting a level of bearishness that hasn't been seen in over a decade....
Product Tanker Surge Shows No Signs Of Slowing
Niklas Bengtsson and Christopher Pålsson of maritime-insight discussed the product tanker market at the recent International Chemical & Product Tanker Conference, reports Riviera.
Product tanker...
[Watch] Debt Ceiling Drama: Eyes on Bitcoin, Gold, Crude Oil, and...
Mike McGlone, Senior Macro Strategist at Bloomberg Intelligence, shares insights on how the ongoing debt ceiling negotiations are affecting commodities, highlights key commodities to...
Crude Oil Markets Hit Pause: Forecast Indicates Stall in Price Movement
WTI Crude Oil Technical Analysis
The West Texas Intermediate Crude Oil market experienced a bear market rally but is now showing signs of hesitation, indicating...
Oil Prices Spike After An Unexpected Decision To Reduce Production
Economists warned that higher oil prices could make it harder to bring down the cost of living.
Brent crude prices rose after Saudi...
FG Not Doing Enough To Stop Oil Theft – Babalola
$20 billion crude lost
Rear Admiral Henry Babalola (ret. ), the former Chief of Policy and Planning for the Nigerian Navy, charged that the government...
Due To Covid Limitations, Sinopec’s 2022 Net Profit Declines By 6.9%
Sinopec Corp., commonly known as China Petroleum & Chemical Corp. (600028.SS), reported a 6.9% fall in net income for 2022 as a result of...
NOPEC’s Approval By The US Congress Will Cause Instability In The...
The No Oil Producing and Exporting Cartels Act, often known as NOPEC, would cause volatility in the global oil market, according to the oil...