Transneft, the Russian oil pipeline operator, has informed local oil companies that it would be capping the intake of yet-to-be-sold crude because of full storage as buyers in the West Continue Reading
Russian steel market was expected to grow 2%-3% on year prior to the war Logistical challenges make rerouting steel volumes to Asia costly Eastern railway network overburdened, Northern Sea route Continue Reading
Russian pipeline operator Transneft is restricting oil intake into its network as storage levels build, Reuters reported on March 29. Transneft declined to comment on the report when contacted by Continue Reading
Oil prices rose on Tuesday, recovering some of the previous session’s losses as Kazakhstan’s supplies continued to be disrupted and major producers showed no sign of being in a hurry Continue Reading
Oil is continuing to fall in the Asia trading session, as the lockdown in Shanghai increases concerns about global demand. Oil rose, recovering some of its losses after a virus Continue Reading
This weakness is expected to persist. Global oil demand has been showing signs of weakness in March and this weakness is expected to persist through April and May due to Continue Reading
Shipping containers and gantry cranes at the Kwai Tsing Container Terminals in Hong Kong on March 14. Global supply strains that started to ease in early 2022 are worsening again Continue Reading
The effects of the war in Ukraine are already being felt across the world, from rocking world energy markets to spurring a growing refugee crisis in Europe. But the conflict Continue Reading
OPEC+ will likely stick to plans for a modest increase in oil output in May, several sources close to the group said, despite a surge in prices due to the Continue Reading
A Turkey-Israel gas pipeline is being discussed behind the scenes as one of Europe’s alternatives to Russian energy supplies, but it will take complicated maneuvering to reach any deal, government Continue Reading
