Crude oil futures were higher in mid-morning trade in Asia March 16 as market participants weighed the impact of China’s worsening COVID-19 outbreak on demand and signs of progress in Continue Reading
The American Petroleum Institute (API) estimated that there was a surprise build this week for crude oil of 3.754 million barrels, compared to analyst predictions of a 1.867 million barrels Continue Reading
Falling prices indicate the market has not fully realized the potential impact of lost Russian barrels on global supply, according to Rystad Energy. The reprieve of cheaper oil may be Continue Reading
As the Asia-Pacific region struggles with its first Omicron surge, it appears that Europe may be heading for a second jump, just as countries on both continents have rapidly lifted Continue Reading
The glass tower in Paris where Axa SA , one of the world’s largest insurers, has its temporary headquarters looks as if a giant feral cat has ripped chunks out Continue Reading
A record-breaking “bomb cyclone” that began its development over the U.S. East Coast on Friday is bringing an exceptional insurgence of mild air to the Arctic. Temperatures around 50 degrees Continue Reading
OPEC leaves oil demand growth forecast unchanged in its latest MOMR. War in Ukraine, quickly rising inflation may have an impact on short-term crude demand. The cartel still expects world Continue Reading
Russia walked back recently made demands on Washington related to the Iran nuclear deal, clearing the way for Tehran and Washington to revive the 2015 agreement, senior western diplomats said. On Tuesday, after Continue Reading
West Qurna-2 has around 14 billion barrels of reserves in place. West Qurna 2 has long been able to produce a lot more than the 400,000 bpd it currently produces. Continue Reading
Oil prices continued to crash, yesterday, as speculators abandoned the volatile market, while Russia claimed it wants the Iranian nuclear deal to be signed as soon as possible. This is Continue Reading
