Page 59 - Dated Brent News Today

OPEC officials are fond of saying they are “optimistic,” when asked their view of the oil market, but even the sunniest of ministers likely did not expect a 30% rally in Dated Brent since the start of the year. With coronavirus vaccinations progressing expeditiously in many developed nations and global oil inventories trending downwards, several ...

Oil prices fall as strengthening dollar impacts commodities By Jessica Summers and Andres Guerra Luz on 2/28/2021 (Bloomberg) --Oil fell the most since November with a stronger dollar and concerns surrounding inflation weighing on crude’s best start to the year on record. Futures in New York declined 3.2% on Friday, with a rising dollar reducing the appeal of commodities priced in the currency. Yet, the U.S. crude benchmark still managed to post a nearly 18%...

by Bloomberg |Friday, February 26, 2021 Oil fell the most since November. (Bloomberg) -- Oil fell the most since November with a stronger dollar and concerns surrounding inflation weighing on crude’s best start to the year on record. Futures in New York declined 3.2% on Friday, with a rising dollar reducing the appeal of commodities priced in the currency. Yet, the U.S. crude benchmark still managed to post a nearly 18% gain this month as inventories worldwide tighten and pockets of demand r...

Reliance Industries Ltd on Wednesday sought bids from buyers of coal gas it produces from CBM blocks in Madhya Pradesh at a minimum price of about USD 6 at the current oil price. Reliance sought bids for 0.82 million standard cubic meters per day of gas from the Sohagpur coal-bed methane (CBM) block, according to a notice inviting offer (NIO). Bids have been sought for supply of gas, which can be used in industries as fuel or feedstock as well as by city gas operators for supply as CNG to aut...

Global oil demand likely to rebound to pre-COVID levels by end-2021: analysts Global oil demand is expected to recover to pre-COVID-19 levels of around 100 million b/d by the end of the year driven by a strong rebound for gasoline, diesel and fuel oil, several analysts said Feb 23. But jet/kerosene, which used to account for around 8% of total global demand, is likely to remain very sluggish, and the aviation fuel will reach pre-crisis levels only in 2022 or even 2023, they added. Speaking at a...

Reliance sought bids for 0.82 million standard cubic meters per day of gas from the Sohagpur coal-bed methane (CBM) block, according to a notice inviting offer (NIO).

Reliance seeks bids for coal gas for CBM blocks in Madhya Pradesh at minimum $6 CBM is natural gas stored or absorbed in coal seams and contains 90-95% methane. (Photo: Reuters)Premium . Updated: 24 Feb 2021, 04:46 PM IST PTI Reliance sought bids for 0.82 million standard cubic meters per day of gas from the Sohagpur coal-bed methane (CBM) block, according to a notice inviting offer (NIO) Share Via NEW DELHI : Reliance Industries Ltd on Wednesday sought bids from buyers of coal gas it produc...

BW Businessworld Reliance Prices Coal Gas From MP At Minimum $6 Reliance sought bids for 0.82 million standard cubic meters per day of gas from the Sohagpur coal-bed methane (CBM) block, according to a notice inviting offer (NIO). Photo Credit : Reliance Industries Ltd on Wednesday sought bids from buyers of coal gas it produces from CBM blocks in Madhya Pradesh at a minimum price of about USD 6 at the current oil price. Reliance sought bids for 0.82 million standard cubic meters per day of ga...

Dated Brent—all change but business as usual The sheer scale of financial infrastructure around the crude market’s most important global benchmark means the wider trading market will largely shrug off any physical implications from a Fob-to-Cif switch The storied Dated Brent contract could see another major plot twist in July next year, with price reporting agency (PRA) S&P Global Platts proposing to change the assessment from a Fob to Cif Rotterdam basis. It also intends to include t...

S&P Global Platts is to include US WTI Midland crude in its Dated Brent benchmark — the world’s biggest crude oil benchmark — to ensure its assessments properly reflect changes in the European crude market, starting July 2022, it said Feb. 22. In a statement, Platts also said the entire price assessment process, encompassing five ...