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Oil demand markers in most of the world’s biggest oil consuming countries recovered in the week to Feb. 14, according to mobility data, with markets emerging from the recent slowdown due to the impact of new COVID-19 related restrictions in Asia. Mobility in 13 countries representing about half of global oil demand averaged 9.7% below ...
Indian coal importers are bracing for another year of market volatility and supply upheaval as China’s efforts to absorb plentiful cargoes to make up for the Australian supply vacuum, as well as production hurdles at mines across the globe due to the pandemic, will keep the market on tenterhooks. Industry officials and analysts said that ...
US FOB Gulf Coast LNG cargo values slid during the week ended Feb. 15 as netbacks from destination markets narrowed due largely to lower prices in Europe and Asia. Mild weather and easing geopolitical worries, at least for the moment, were cited for the bearish signals in the market. Shipping rates remained relatively cheap, and ...
Bakken gas production continues to show upside as the rig count strikes its highest number in nearly two years while flaring and takeaway capacity improve. Bakken gas production averaged 3 Bcf/d during the final quarter of 2022, according to data released Feb. 14 by the North Dakota Department of Mineral Resources. Operators flared just under ...
US Gulf Coast coking margins have been surpassing the region’s cracking margins as distillate demand beats 2019 levels, European refiners seek lighter crudes and seasonal plant turnarounds begin to cut back output, sources said. Major US refiners agreed in their fourth quarter results calls gasoline and diesel demand has rebounded since the coronavirus pandemic downturn. ...