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Month: March 2022

Category:
  • Saudi Arabia

Saudi Arabia’s Yasref refinery output disrupted from attacks: ministry

Highlights Refinery produces diesel, gasoline, butane Attacks also targeted other cities Houthi missile, drone attacks remain major Gulf oil security risk Saudi Arabia’s energy ministry on March 20 said the Continue Reading

Posted On : 21 Mar 2022 Published By : Tom Whipple
Category:
  • Saudi Arabia

Saudi Aramco raises 2022 capex guidance to $40-$50 bil

Highlights Average oil output steady at 9.2 mil b/d Capex was $31.9 bil in 2021 ‘Economic conditions have improved’: CEO Saudi Aramco, the world’s largest oil company, said March 20 Continue Reading

Posted On : 21 Mar 2022 Published By : Tom Whipple
Category:
  • Saudi Arabia

Saudi Armco net revenues double to $110bn on surging oil demand

The state-backed group, which had reported earnings of $49bn a year earlier, said the 124 per cent increase was driven by “higher crude oil prices, stronger refining and chemicals margins Continue Reading

Posted On : 21 Mar 2022 Published By : Tom Whipple
Category:
  • Iran

Iran oil minister says aiming for 1.4 million bpd crude exports

A general view shows a unit of South Pars Gas field in Asalouyeh Seaport, north of Persian Gulf, Iran November 19, 2015. REUTERS/Raheb Homavandi/TIMA DUBAI, March 19 (Reuters) – Iranian Continue Reading

Posted On : 21 Mar 2022 Published By : Tom Whipple
Category:
  • China
  • Russia

War Complicates Russia’s Role in Supplying Commodities to China

Stacks of newly-made nickel cathode sheets in Monchegorsk, Russia. Bloomberg News China and Russia’s trade relationship has become more complicated since the war started more than three weeks ago, raising Continue Reading

Posted On : 21 Mar 2022 Published By : Tom Whipple
Category:
  • China

Pressed to choose sides on Ukraine, China trade favors the West

U.S. President Joe Biden’s warning of “consequences” for any aid China may give to Russia’s Ukraine war effort could force Chinese President Xi Jinping to choose between a longstanding lucrative Continue Reading

Posted On : 21 Mar 2022 Published By : Tom Whipple
Category:
  • China
  • Ukraine

China says it will offer 10 million yuan more of humanitarian aid to Ukraine

The Chinese Red Cross will offer an additional 10 million yuan ($1.57 million) of humanitarian assistance to Ukraine, Chinese foreign ministry spokesman Wang Wenbin told reporters on Monday. Wang’s comments Continue Reading

Posted On : 21 Mar 2022 Published By : Tom Whipple
Category:
  • Australia
  • LNG

Shell cleared to restart Prelude LNG output off Australia

Australia’s offshore petroleum watchdog has cleared the way for Shell (SHEL.L) to restart its Prelude floating liquefied natural gas (FLNG) site off northwestern Australia, after a power outage forced a Continue Reading

Posted On : 21 Mar 2022 Published By : Tom Whipple
Category:
  • China
  • Russia

China LNG Imports From Russia Doubled in February as Demand Fell

Bloomberg News China imported twice as much liquefied natural gas from Russia last month than a year earlier, despite weakened appetite for spot purchases because of high prices. The world’s Continue Reading

Posted On : 21 Mar 2022 Published By : Tom Whipple
Category:
  • Agriculture
  • USA

U.S. food and farming costs could be pushed higher by war in Ukraine

Richard Guebert is getting ready to plant corn, wheat and soybeans in southern Illinois, about 50 miles south of St. Louis. But for reasons connected to Russia’s ongoing invasion of Continue Reading

Posted On : 21 Mar 2022 Published By : Tom Whipple

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