Page 43 - Dated Brent News Today

Oil fell sharply as traders weighed ongoing tensions in Eastern Europe and the resumption of Iran nuclear talks.

Demand for physical oil cargoes has reached its highest in over a decade in Europe and the Mediterranean where refiners concerned by shrinking stocks are helping push the price of prompt delivery Brent crude towards $100/b. Dated Brent — used to price more than half of the world’s crude — surged to $98.20/b on Feb. ...

Feb 8, 2022 (Bloomberg) Oil fell sharply as traders weighed the risks to the market’s recent rally, including a potential de-escalation in tension over Ukraine and the resumption of Iran nuclear talks. Futures in New York declined as much as 2.5%. French President Emmanuel Macron said that he got assurances…

Reliance Industries is seeking a minimum of USD 14 for selling natural gas being produced from coal seams in a...

Reliance Industries Ltd is seeking a minimum of $14 for selling natural gas being produced from coal seams in a block in Madhya Pradesh as it looks to cash in on the recent spike in energy prices globally. Reliance sought bids from users for the sale of 0.65 million standard cubic meters per day of gas from its coal-bed methane (CBM) block SP-(West)-CBM-2001/1 for a one-year

Global oil stocks are at “worrisome” levels as waning OPEC+ spare capacity is expected to reach an alarming degree by next year amid higher crude demand outstripping supply, the head of Vitol Asia said on Feb. 6. “Demand is currently making the headlines and supply is the problem,” Mike Muller told the Gulf Intelligence daily ...

Water problems at Iraq’s mega southern oil fields operated by international oil companies may hamper the country’s ability to pump more crude from the key region in OPEC’s second-biggest producer, a senior manager at state-owned Basra Oil Co. told S&P Global Platts on Feb. 3. Currently, southern fields operated by BOC and international oil companies ...

Oil product inventories at the UAE’s Port of Fujairah climbed to an 11-week high with gains registered across all categories with buyers of marine bunker fuels holding back due to rising crude oil prices. Total stockpiles stood at 19.601 million barrels as of Jan. 31, up 16% from a week earlier and the most since ...

OPEC and its allies are largely expected to affirm another 400,000 b/d hike in crude oil production quotas for March when they meet Feb. 2, but sure to be weighing on the virtual discussions will be the elephant in the room — potential Western sanctions on Russia. Should those sanctions come to pass, the oil ...

Russia moved on Jan. 24 to assert that it remains a “reliable guarantor of European energy security”, a day after the US and UK governments began withdrawing embassy staff from Kiev amid concerns that Ukraine — a key transit hub for oil and gas — could be invaded. “Russia was a reliable guarantor of European ...