Page 5 - Dated Brent News Today

The latest oil and gas news, dedicated to all things oil and gas: people, technologies, transactions, trends, and macro-economic analysis that impact commodity prices.

The global petrochemicals industry faces headwinds in 2024 as economic uncertainty, weak operating rates, and oversupply continue to limit the prospects for a robust recovery.

The Dubai futures contract moved into contango this month, for the first time in three years, with spot-traded medium sour grades across the Middle East continuing their decline amidst increasing availability and slackening demand.

Non-OPEC supply growth alone capable of meeting demand global growth while OPEC+ cuts keep floor under prices

Non-OPEC supply growth alone capable of meeting demand global growth while OPEC+ cuts keep floor under prices

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

Cape transport option adds 40% to voyage distance All shipping lines targeted by Houthis Jet fuel most commonly traded commodity along Suez Canal Repeated attacks by Yemen's Houthis militia along the

The Nigerian National Petroleum Company Limited will review how its crude cargoes are priced from January 2024.

Meanwhile, the Saudis lower their crude trading prices to Asia.

OPEC+ members have so far failed to shift sentiment in oil markets, with macroeconomic concerns continuing to weigh on oil prices.