In the pandemic economy, financial markets have flashed confusing economic signals, muddied by monetary support, the trading impulses of the fast money, and ever-more complex infection data. But this week the Continue Reading
A Journal survey of 16 tanker owners and data from brokers showed about 100 of the world’s 815 very large crude carriers, each of which can hold around 2 million Continue Reading
Highlights Platts Analytics sees spread hitting scrubber installations this year Stolt-Nielsen, others signal scrubber investment re-evaluation Long-term logic at odds with near-term price squeeze on fuel price spread London — Continue Reading
Oil ministers from the OPEC+ coalition held an unscheduled conference call on Tuesday to discuss the collapse in crude prices, though a closing statement signaled they didn’t settle on any new Continue Reading
As oil prices continue to wilt before a much-hyped global supply accord takes effect in May, OPEC is keeping an eye on US President Donald Trump, awaiting cues that he Continue Reading
Iran’s Revolutionary Guards Corps said on Wednesday it had successfully launched the country’s first military satellite into orbit, at a time of heightened tensions with the United States over Tehran’s Continue Reading
As the oil market meltdown intensified a week after the new OPEC+ production cut deal, Saudi Arabia has hinted for a second time in two weeks that it is ready Continue Reading
Iraq, OPEC’s second-largest oil producer, does not rule out OPEC+ members taking extra measures to halt the further slide of oil prices, but any steps will need to take into Continue Reading
India is quickly running out of space to store a swelling stockpile of fuel as every possible container — including those in the 66,000 pump stations nationwide — threatens to Continue Reading
As parts of India’s economy started reopening in a phased manner this week, electricity demand was expected to pick up. But official data reveals a surprise drop. Electricity consumption during the Continue Reading
