Page 2 - Gulf Intelligence News Today

Despite weak oil imports in January and February this year, analysts still expect China’s oil imports to hit a record high later this year.

Wood hosted a leadership roundtable to bring industry leaders together to discuss how the energy industry can achieve a sustainable balance between the demands for secure energy supply and the need for a just transition to net-zero.

The US Energy Information Administration (EIA) now sees the Brent crude oil spot price averaging $102.13 per barrel this year and $95.33 per barrel next year, accord...

Oil prices could head back above $100 sooner than many analysts had expected, with oil markets set to tighten in the near future

The world should focus on finding ways to limit money flows from Russia’s oil as economies will need its crude even as sanctions and bans are imposed on its crude supplies, the head of Vitol Asia said July 3. “The world is facing a political desire to implement measures to restrict the supply of Russian ...

The West is scrambling to curb Russia’s oil revenue, but finding a solution could be difficult as crude prices continue to rise

There's evidence out there of "economic stress" being caused by the high prices, Vitol's Mike Muller said in a Sunday podcast.

RIYADH: The global surge in fuel price is starting to have negative effects on demand, according to a senior executive of the world’s biggest oil dealer. Mike Muller, who is the head of Asia at Vitol Group, recently told a Dubai-based media Gulf Intelligence that consumers are being badly affected by the price hikes of gasoline, diesel and other oil products. “There’s very

The world’s biggest independent oil trader says economic stress is causing demand destruction in oil and gas

The agreement would resume oil-for-debt swaps that have been halted for two years after the US imposed sanctions on Venezuela.