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Oil prices fall on weak demand, output boost signals - Vimarsana News

Oil prices fall on weak demand, output boost signals

The news that production at several offshore US Gulf of Mexico platforms is resuming after a brief outage last week has also boosted oil supply prospects amid Opec’s...

Russian gas supply to Europe plummets in June as Nord Stream flows slashed | Hellenic Shipping News Worldwide - Vimarsana News

Russian gas supply to Europe plummets in June as Nord Stream flows slashed | Hellenic Shipping News Worldwide

Russian gas flows to Europe plummeted to new lows in June after Gazprom slashed supply via the Nord Stream pipeline and cut off more buyers over a ruble payment dispute, analysis of data from Platts Analytics showed July 4. Russian pipeline exports to Europe in June via its main operational corridors — Nord Stream, Ukraine ...

Europe on the brink going into Q3 as Russian gas cuts bite, prices surge | Hellenic Shipping News Worldwide - Vimarsana News

Europe on the brink going into Q3 as Russian gas cuts bite, prices surge | Hellenic Shipping News Worldwide

The European gas market has never been in a more precarious state, with curtailed Russian supplies prompting numerous EU states to trigger emergency gas plans, a first step toward rationing. With Russian supply via Nord Stream at just 40% of capacity, and deliveries to be halted completely for annual maintenance on July 11-21, the outlook ...

OPEC+ reaffirms August oil production hike, leaves future output policy undecided - Vimarsana News

OPEC+ reaffirms August oil production hike, leaves future output policy undecided

An increasingly stretched OPEC and its allies on June 30 reaffirmed plans for a nominal 648,000 b/d production rise in August, as questions continued to swirl about how much crude oil the group will be able and willing to pump in the months ahead. Delegates told S&P Global Commodity Insights that ministers did not discuss ...

Monsoon rains, European demand set to keep India's gasoil exports robust | Hellenic Shipping News Worldwide - Vimarsana News

Monsoon rains, European demand set to keep India's gasoil exports robust | Hellenic Shipping News Worldwide

India’s diesel exports in May posted a growth of 15.2% compared with the previous month and are set to rise further, as the arrival of monsoon rains is expected to slow domestic construction activity at a time when refiners are reaping rich returns on the back of lucrative refining margins, trade sources and analysts said. ...