Tag: crude
China’s July Throughput Was Lower
China's crude throughput likely fell in July, weighed on by maintenance at state-owned refineries and amid uneven oil product demand recovery and limited exports,...
IMF Slashes Global GDP Growth Forecasts For This Year
Crude oil prices fell on Tuesday as the International Monetary Fund warned that high inflation and the Russian-Ukraine war could send the global economy...
Oil Products Stocks At One-Year High With Fuel Oil in Demand
Oil products inventories at the UAE's Port of Fujairah rebounded to an one-year high amid signs that more fuel oil supplies may be needed...
Spot Demand For Middle East Heavy Sour Crude Falls
Spot demand has fallen in Asia for heavy sour grades loading from the Middle East, such as Basrah Heavy, on the back of cheaper...
Crude Oil Futures Extend Gains after $2/b Jump Overnight
Crude oil futures were higher in mid-morning Asian trade July 26, extending strong overnight gains, as a still tight physical supply picture gained the...
Why Russian-Origin Barrels Are Difficult To Track?
Keeping track of Russian crude and oil products as barrels pass through storage hubs will be difficult amid tightening sanctions and growing attention on...
Crude Oil Futures Tumble on Fresh China COVID-19 Curbs
Crude oil futures were lower in mid-morning Asian trade July 12, as risk aversion took centerstage again amid fresh COVID-19 curbs in China and...
Nigeria Is Increasing Output To Meet August OPEC Quota
Nigeria is increasing crude oil production and has set a target of August this year to meet its OPEC-assigned output quota, the country's oil...
International Holding Company Acquires 2 VLCCs Worth $110m
Al Seer Marine, a subsidiary of Abu Dhabi-based International Holding Company, bought two very large crude carriers worth Dh404 million ($110m) as the company...
Oil Tanker Stocks To Keep An Eye On
Market experts consider rising inflation and the Ukraine crisis as the two biggest market risks this year. Runaway inflation has been corroding asset values,...