U.S. supermajor ExxonMobil, which joined other international majors in announcing withdrawal from Russian oil and gas projects, plans to shut down all its businesses in Russia by June 24, Reuters Continue Reading
OilX data suggests that Russian production has declined by 10% since the start of the Ukraine War. IEA: Russian oil supply is expected to fall by 1.5 million bpd in Continue Reading
Would be all-time high for Russian storage levels Slightly up on the level reached by end-October 2021 To hike the maximum withdrawal rate to 852.4 million cu m/d Russia’s state-controlled Continue Reading
Seaborne product exports hit most but crude flows little changed India buys more crude while China flows hold steady Diesel imports surge to the Netherlands’ oil refining/storage hub Russia’s seaborne Continue Reading
Oil prices rose on Thursday as concerns about supply as the European Union (EU) mulls a potential ban on Russian oil imports, days after diminished supplies from Libya rocked the Continue Reading
Liquefied natural gas suppliers are asking clients to pay much higher rates for new long-term contracts, as a global effort to cut Russian imports is expected to keep the market Continue Reading
The dramatic surge in commodity prices has sparked a boom in shipping stocks. Crude tankers and container-ship stocks are soaring. Runaway inflation and supply chain disruptions are pushing commodity prices Continue Reading
Pakistan eyeing countries like Afghanistan, Tajikistan Domestic coal shortage hurts power supply CFR Pakistan 5,750 kg/kcal NAR coal at $366.05/mt April 20 Thermal coal buyers in Pakistan are looking for Continue Reading
The port of Khor al-Zubair, built in the 1970s as an industrial and commercial port, has been repurposed to handle the import and export of oil products to meet Iraq’s Continue Reading
Coal shortage threatens to exacerbate energy, food inflation Nomura warns of ‘stagflationary shock,’ drop in factory output An already sweltering summer and acute coal shortages are triggering blackouts across parts Continue Reading
