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A Sudan oil pipeline ruptured during fighting in February has been repaired and could resume operation in the next two weeks, a South Sudan oil ministry official said on Tuesday. The... -May 28, 2024 at 10:05 am EDT - MarketScreener
South Sudan's crude production has almost halved to around 80,000 b/d because of a blockage at a pipeline in war-torn Sudan, South Sudan's oil ministry undersecretary William Anyak Deng told <i>Argus</i> today.
Oil prices are expected to remain under pressure in the week ended June 24 following heavy losses in the previous week ended June 17. Confidence in oil demand is holding up despite soaring inflation as fears of an impending recession kicked in. Front-month August ICE Brent crude futures stood at $112.35/b at 0215 GMT June ...
Australia’s heavy sweet Vincent crude cash differentials plunged due to a reduction in its flash point following the resumption of the Cimatti oilfield in the Greater Enfield project, making the crude unsuitable for low sulfur fuel oil blending, market sources told S&P Global Commodity Insights March 17. The fuel oil rich Vincent crude, which typically ...
Crude oil futures are expected to maintain their bullish momentum in the week of Jan. 10 despite rising COVID-19 cases worldwide, as investors remained confident that the longer-term outlook for oil demand and supply will likely be tight. ICE March Brent crude futures stood at $81.89/b at 0200 GMT Jan. 10, up 14 cents/b, or ...