Page 31 - Dated Brent News Today

Valero Energy reported better-than-expected first-quarter earnings of $905 million as demand for refined products grows post-pandemic and refinery rationalizations cut supply, boosting cracks for both gasoline and diesel — a trend which is expected to continue. “The fundamentals that drove strong results in the first quarter, particularly in March, provide a strong backdrop for refining ...

China's zero COVID policy is spooking the oil market. But as we've seen all around the world, it's unsustainable. Click here to learn more.

Lundin Energy AB (publ) (OTCPK:LNDNF) Q1 2022 Earnings Conference Call April 27, 2022 8:00 AM ET Company Participants Ed Westropp – Vice President Investor Relations Nick Walker – President...

Indian private conglomerate Reliance Industries has purchased at least 15 million barrels of discounted Russian crude since the start of the Russian invasion of Ukraine

Kazakh officials anticipate loadings of the country’s CPC Blend crude oil returning to normal shortly following an outage at the Russian port of Novorossiisk that has lasted almost a month, according to sources in the Central Asian state. The resumption, expected as soon as the end of the current week according to one report, would ...

UK-based oil and gas company Hurricane Energy earned about $60.5 million from the sale of the latest cargo of oil produced…

The operator of Kazakhstan’s highest producing crude field, the Chevron-led Tengizchevroil (TCO) consortium, is “exploring potential options” amid geopolitical tensions and technical problems at the Russian Black Sea port that loads the Kazakh crude, it said April 30. In an emailed comment, TCO, in which Chevron is the largest shareholder with a 50% stake, said ...

Hurricane Energy, the UK based oil and gas company, has provided an update on Lancaster field operations and net free cash balances as of 31 March 2022. The 28th cargo of Lancaster oil, totalling approx. 524 Mbbls, was lifted on 22 March 2022.

Libya’s oil production woes may not dramatically alter Asia’s crude buying plans due to the region’s relatively low dependence on those supplies, but refiners are bracing for some price impact and supply squeeze as traditional customers of the North African OPEC producer scramble for cargoes from elsewhere. The latest production and export hurdles in Libya ...

It now costs more than $348,000 a day to charter an oil tanker from the port of Primorsk to northwest Europe.