Page 44 - Dated Brent News Today

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European diesel market structure has rallied to a strong backwardation in January, widening further from December, as changing middle distillate yields and trade flows limit diesel supply. Backwardation widens rapidly Intermonth spreads in the ICE low sulfur gasoil futures — the key European futures benchmark for middle distillate markets, and indicator of market strength — ...

Global fertilizer prices soared to multi-year highs in the past few months following surge in prices of key feedstocks natural gas and coal, and certain export restrictions put in place by supplying countries. Around the globe, natural gas is used as a raw material as well as fuel for nitrogen fertilizer production. In some countries ...

Platts Dated Brent was assessed above $90/b for the first time since 2014, as the global crude market continued to demonstrate tightness for prompt-loading cargoes. Dated Brent was assessed $1.985/b higher on the day at $90.51/b Jan.19, the highest since a $90.64/b assessment on Oct. 7, 2014. The increase in Dated Brent’s outright price reflected ...

Global energy and commodity price reporting agency Argus has broken new ground today with the launch of an Argus Crude Market Ticker (ACMT), an application which will provide unparalleled transparency in two of the world’s most important crude oil markets, those for WTI Houston and WTI Midland. The volume of physical and derivative trade in ...

OPEC+ can’t solve current oil market challenges alone because the world needs more energy investments to avert future oil price hikes that may impact global economic growth, the UAE’s energy minister said Jan. 19. The world needs more investments in various crudes from around the world, international oil companies working in this sector should continue ...

/PRNewswire/ -- Global energy and commodity price reporting agency Argus has broken new ground today with the launch of an Argus Crude Market Ticker (ACMT), an...

Oil demand in China, the world’s largest user, is unlikely to be hit this year by the pandemic as much of the country is still energy-dependent, the head of Vitol Asia said Jan. 16. “It doesn’t look like China is going to shrink its [oil] demand,” Mike Muller told an online conference organized by Dubai-based ...

LONDON: Frantic oil buying driven by supply outages and signs the Omicron variant won’t be as disruptive as feared has pushed some crude grades to multi-year highs, suggesting the rally in Brent futures could be sustained a while longer, traders say.

Brent futures have soared in the opening weeks of 2022, reflecting the underlying bullishness on display in the physical markets