Prime Minister of Iraq Mustafa Al-Kadhimi and Iraq’s Kurdish Region Government Prime Minister, Masrour Barzani visit damaged areas after a missile attack by Iran’s Islamic Revolutionary Guard Corps (IRGC) during Continue Reading
Highlights Exports climbed to reduce inventories Inventories had built up under previous administration Petrochemicals industry also used some stockpiles Iran has increased its natural gas condensates exports under the new Continue Reading
From his job as a Cairo doorman, Mahmoud Farag earns 1,500 Egyptian pounds ($95) each month but it’s no longer enough to adequately feed his family of five. Food prices Continue Reading
West pressing Saudi to use capacity to pump more oil Saudi, UAE still sticking to OPEC+ oil deal with Russia Riyadh threatens to shift some oil sales away from dollar Continue Reading
India’s central bank is in initial consultations on a rupee-rouble trade arrangement with Moscow that would enable exports to Russia to continue after western sanctions restricted international payment mechanisms. The Continue Reading
Guyana is going through an impressive oil boom, with the country on track to produce over a million barrels per day by 2030. Unfortunately, the small country’s production will take Continue Reading
The Chinese zero-COVID policy has been spooking the oil market several times over the past two years. China locked down all 17.5 million residents in the business hub Shenzhen. Chinese Continue Reading
Highlights Russian producers seek ways to offer financial support Payment concerns grow, China takes a step back North Asian refiners under pressure to cut runs Crude oil from Far East Continue Reading
China port stocks hit record high after Lunar New Year Domestic steel production seen recovering in Q2 The discount of China’s iron ore portside prices to seaborne prices has narrowed Continue Reading
Coal-fired power plant outages come amid low LNG stocks Spot electricity price surges on power plant outages All units at ENEOS’ Sendai, Chiba refineries shut A magnitude 7.4 earthquake occurred Continue Reading
