Egypt, Iran and Sudan will together receive two thirds of the 917,000 mt of wheat loaded from Russia’s main port of Novorossiisk onto ships that arrived between Jan. 9 and Continue Reading
Robust and persistent demand, coupled with stagnant supply, has crude off to a raging start in 2022. Oil had its biggest January gain in at least 30 years as robust Continue Reading
Oil markets opened the week higher and were heading for the biggest January gain in at least 30 years as robust demand outpaced fresh supply. The global crude benchmark rose Continue Reading
Brent hit $90 per barrel last week and plenty of banks and oil majors now believe we will see $100 oil this year. If oil does continue to climb, demand Continue Reading
With Brent oil prices having surged to around $90 per barrel, OPEC and its allies may announce a bigger-than-expected rise in output, according to Goldman Sachs Group Inc. The outcome Continue Reading
The world’s largest oil companies are ramping up drilling operations despite recent net-zero pledges WoodMac VP for exploration: The majors are still exploring and say much less about it than Continue Reading
OPEC has again failed to meet its own production targets again in January as the group lifted production only 210,000 additional barrels per day for the month. Looking at this Continue Reading
The number of confirmed coronavirus cases is increasing again in Iraq as the omicron variant spreads and vaccination rates remain low, but the new strain’s milder symptoms are relieving pressure Continue Reading
Highlights Exports fall to 3.203 mil b/d in Jan vs 3.277 mil b/d in Dec Jan production quota at 4.281 mil b/d vs 4.237 mil b/d in Dec Kirkuk exports Continue Reading
The United States and its European allies appear on the cusp of restoring the deal that limited Iran’s nuclear program, Biden administration officials said on Monday, but cautioned that it Continue Reading
