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...
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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 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 ...
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 ...
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 ...
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. ...