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As we head into the first month of 2023 in an ambivalent environment where supply tightness and recession fears pull the markets in different directions, Middle East oil producers proceed with caution
Turkey may well increase its imports of Russian crude again soon, once refiners get a clearer idea of how the G7 price cap will affect the market.
By John Lee. Share in Gulf Keystone Petroleum (GKP) were trading down around 3 percent on Monday as the company said that production for 2022 would be towards the lower end of its guidance range. Jon Harris, Gulf Keystone's Chief Executive Officer, said: "Our leverage to strong oil prices, low-cost production base and focus on
Gulf Keystone, a leading independent operator and producer in the Kurdistan Region of Iraq, has provided an operational, corporate and AGM update.
Russian oil is a boon for India at a considerable discount compared to $60 a barrel. India avails of Russian oil at a considerable discount that is less than the G7 price cap.