API Reports First Crude Build In Five Weeks
The American Petroleum Institute (API) estimated the inventory build this week for crude oil to be 5.983 million barrels after analysts predicted a build of 767,000 barrels . U.S. crude Continue Reading
Dhi Qar unrest raises oil sector risks
Deadly violence and protests in Dhi Qar are destabilizing a key oil-producing province, threatening to shut down the Nassiriya oil field and raising security concerns that could scare away foreign Continue Reading
An Environmental Disaster Is Unfolding In Venezuela
Two decades of malfeasance, mismanagement, and corruption have led to ill-maintained energy infrastructure and a large number of oil spills in Venezuela. Caracas’ reluctance to identify, contain, and clean up Continue Reading
Hong Kong rolls out vaccine passport and tighter COVID measures
Hong Kong rolls out a vaccine passport on Thursday that requires people aged 12 and above to have at least one COVID-19 vaccination and also tightened restrictions in a city Continue Reading
China calls on all countries to protect energy security
 China’s foreign ministry said on Thursday that all countries should work together to jointly protect global energy security. Ministry spokesperson Hua Chunying was responding to a question at a regular Continue Reading
China ready to soften economic blow to Russia from Ukraine sanctions
China is ready to throw Russia an economic lifeline as Vladimir Putin’s ties with the west deteriorate and Moscow is hit by snowballing sanctions over the crisis in Ukraine. Putin Continue Reading
Chinese buyers hesitate to procure Russian coal amid Ukraine conflict: sources
Highlights Railway issues delay coal delivery from Russia Banks warn against coal trade with Russia: traders Ships warned against going to Suek port: traders Some buyers in China have been Continue Reading
Japan does not see sanctions on Russia causing major disruption to energy supply
In talks with oil, gas producers, IEA on supply contingency Has 240 days worth oil reserves, 2-3 weeks of LNG stocks Biden to meet G7 counterparts Feb. 24 Japan does Continue Reading
Asian refiners see uninterrupted Black Sea crude import flows for now
Urals, CPC Blend for March, April deliveries to Asia unaffected SK Innovation keeps close watch on Black Sea ports, logistics US, Southeast Asian crudes could replace CPC Blend, ESPO, Sokol Continue Reading
Austria’s OMV says gas supplies from Russia are arriving normally
Austrian oil and gas company OMV (OMVV.VI) is receiving normal gas deliveries from Russia, it said on Thursday. “All contractually agreed quantities are being delivered,” a company spokesperson said in Continue Reading