Danish shipping firm A.P. Moller-Maersk recorded a drop in second-quarter revenue as demand destruction from the coronavirus pandemic reduced the company’s container volumes by 16% year on year. Receive daily Continue Reading
Russia is complying 100% with the OPEC+ production cut quota, according to Alexander Novak, who spoke to Rossiya-24 television on Wednesday, Russian news agency Tass reported. “We are at a Continue Reading
Crude oil futures were lower in mid-morning trade in Asia on Aug.19 after American Petroleum Institute data released late Aug.18 showed a surprisingly large build in gasoline inventories even as Continue Reading
A large build in gasoline inventories which offset a modest draw in crude oil inventories cooled bullish sentiment in markets somewhat on Tuesday afternoon The American Petroleum Institute (API) reported Continue Reading
Oil prices steadied on Tuesday as high compliance with supply cuts from the OPEC+ producer group offset demand fears from the new coronavirus. Brent crude futures LCOc1 rose 9 cents Continue Reading
Although the focus of oil markets in recent months has been on the impact of the COVID-19 pandemic and of the latest Saudi Arabia-instigated oil price war, still bubbling away Continue Reading
For Global Energy Alert members there are now two new free reports available in your dashboard. The first of these reports is on how to interpret stock charts and the Continue Reading
In recent years, a group of economists, ecologists, and anthropologists have converged on a way to address both climate and ecological crises that will also make the world happier, healthier, Continue Reading
Iraq shaves 200,000 bpd since June, as the Oil Ministry promises compliance with OPEC-plus. Rumaila workers at degassing station 3 on July 29, 2020. (ALI AL-AQILY/Iraq Oil Report) Iraq’s monthly Continue Reading
The amount of crude and condensate hoarded on tankers has tumbled to more than two-month lows as the incentives for storage start to recede, although volumes offshore China remain high, Continue Reading
