Uncertainty is dominating the oil market this week, with recession fears being countered by physical tightness and growing supply risks.Oil market watchers have become senior macroeconomists lately, with price swings Continue Reading
High refining margins and fuel demand in the second quarter are set to lead to exceptional earnings at Big Oil’s refining businesses. Some of the largest international oil majors have Continue Reading
The OPEC Monthly Oil Market Report (MOMR) for July 2022 was published recently. The last month reported in most of the OPEC charts that follow is June 2022 and output Continue Reading
Two Libyan tribal figures involved in a blockade of oil exports that has reduced output by 850,000 barrels per day said they expect the government-installed National Oil Corporation chief to Continue Reading
Russian fuel oil exports to Saudi Arabia rose almost twofold during the second quarter as the Saudis sought to free up more local crude for export while using the discount Continue Reading
The Director General, Budget Office of the Federation, Ben Akabueze, yesterday stated that Joint Ventures (JVs) are bleeding the most as a result of rising crude oil theft and rampant Continue Reading
Japan hopes to restart four more nuclear reactors in time to avert any power crunch over the winter, industry minister Koichi Hagiuda said on Friday, a week after the pro-nuclear Continue Reading
Bloomberg News China is censoring crowd-sourced documents tallying the number of mortgage boycotts spreading across the country, potentially hampering a key source of data for global investors and researchers tracking Continue Reading
Two years ago, China’s economy bounced back briskly after suffering its worst contraction in decades when authorities locked down the metropolis of Wuhan to keep the coronavirus at bay. China Continue Reading
Office workers line up at a Covid-19 testing booth in downtown Shanghai on July 13. China’s daily tally of Covid-19 cases rose to the highest level in more than seven Continue Reading
