Oil steadies after sharp fall; focus on China growth
Oil prices bounced on Tuesday, steadying after a sharp fall of 4% in the previous session, as worries over China’s fuel demand were soothed by the central bank’s pledge to Continue Reading
Fuel for Thought: Tight oil market myth becoming reality
The crude market isn’t that tight, but the oil market is. The bullish narrative going into the Russian-Ukraine crisis was driven by a short-term perspective and flawed thinking around crude Continue Reading
Decline in World Conventional Oil Output and Peak Oil
World Conventional Oil output peaked at a centered twelve month average (CTMA) of 74193 kb/d in July 2016. This peak is unlikely to be surpassed in the future. I do Continue Reading
These 3 Things Will Take a Big Bite Out of Oil Demand in 2022
‘Oil demand is set to shed 1.4 million barrels per day’. The ongoing war in Ukraine, Covid-19 lockdowns in China and surging commodity prices are going to take a significant Continue Reading
Russia’s war heats up cooking oil prices in global squeeze
For months, Istanbul restaurant Tarihi Balikca tried to absorb the surging cost of the sunflower oil its cooks use to fry fish, squid and mussels. But in early April, with Continue Reading
Libya May Reach Full Oil Production Within Days
Libya’s Oil Minister Oun: Libya could resume full production within days. Libya’s NOC declared a force majeure on 550,000 bpd of its production last week. Libya’s oilfields, under force majeure, Continue Reading
Russia and India in talks to restart coking coal supplies
Russian and Indian officials met last week in an effort to resolve an impasse over the shipping of coking coal to Indian steelmakers, which has dried up since March over Continue Reading
Is This The Beginning Of The End For Colombia’s Oil Industry?
Colombia’s oil industry has been in a death spiral since the beginning of the COVID-19 pandemic. Growing community and political opposition to Colombia’s oil industry adds an elevated risk to Continue Reading
Covid Live Updates: Testing, Lockdowns, and More News
Families in Beijing rushed to stock up on food. Supermarkets stayed open late. Residents endured long lines for mandatory testing. China’s stock markets plunged.A fresh coronavirus outbreak in China’s capital Continue Reading
China Is Running Out of Ways to Stem Self-Made Market Meltdown
Chinese authorities are trying to reassure financial markets battered by a worsening growth outlook and rising Covid lockdowns. China looks increasingly left to its own devices in a bid to Continue Reading