This Is Where the Oil Price Would Be Without the War
The price of crude oil would be very different, a new report has outlined. If Russia had not invaded Ukraine, crude oil prices would be well below $100 per barrel Continue Reading
Global agriculture markets jittery on worsening food inflation outlook
Civilization is only nine meals away from anarchy. This famous line hits home in the current play as Russia’s invasion of Ukraine set open a can of worms for agriculture Continue Reading
OPEC Cuts Global Oil Demand Growth Forecast, Again
OPEC cuts world economic growth estimate to 3.5% from 3.9% last month. OPEC now sees growth of 3.36 million bpd in 2022 compared to 2021. OPEC: Demand in 2022 is Continue Reading
Iraq feels pull of European demand for Russian crude alternatives
Med, NW Europe refineries replacing Urals with Basrah Medium, Basrah Heavy Asia taking more Russian crude as Europe turns away Medium sour Urals competes with many Middle Eastern crudes Iraq Continue Reading
Nigeria’s Oil Output Drops 13.3 Percent to 1.3 Mbpd
The Organisation of Petroleum Exporting Countries, OPEC, has put Nigeria’s oil output at 1.3 million barrels per day, bpd, in April 2022. This showed a decrease of 13.3 percent compared Continue Reading
India’s refiners need to diversify to de-risk in changing energy landscape – FIPI chief
Refiners need to boost competency in petrochemicals, renewables, hydrogen Expanding products portfolio key to diluting risk from volatile global markets Diesel, jet fuel exports gain speed as economies open up Continue Reading
From the Maldives to Venezuela: how Iran gets oil to an ally
A Venezuela-owned tanker in March sailed to a remote spot in the Indian Ocean and met an Iran-flagged vessel, took on a cargo of Iranian condensate and sailed home, according Continue Reading
Medical scans are latest casualty of China supply chain breakdowns – The Washington Post
Doctors in the United States are prioritizing only the most critical patients and hospitals are rationing supplies of a crucial drug after a covid lockdown in China temporarily closed a GE Healthcare Continue Reading
April runs in China decline on lockdowns
China’s crude throughput is set to reach a two-year low in April as state and independent refiners have slashed runs because of the latest COVID-19 resurgence that has hurt the Continue Reading
N.Korea reports first COVID-19 death as fever spreads ‘explosively’
At least one person confirmed to have COVID-19 has died in North Korea and hundreds of thousands have shown fever symptoms, state media said on Friday, offering hints at the Continue Reading