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Global oil demand seems poised to recover to pre-pandemic levels in 2022, but a sharp decline in upstream investments and OPEC’s cautious approach in lifting the group’s production volumes could lead to an undersupplied market next year, with Asian end-users and consumers mostly finding crude and commodities prices overheated, industry participants said at the S&P ...
Coal prices are hitting record highs. Here’s why that’s a ‘once in a generation’ opportunity
Some 200,000 b/d of sour crude are expected to hit the market from the US Strategic Petroleum Reserve from October through December, mere months after the US completed April-June deliveries averaging 180,000 b/d. The planned sale helps fulfill obligations to fund budget bills from 2015 and 2018 during fiscal 2022, which begins Oct. 1. “The ...
Expectations of improving global ton-mile demand, tanker fleet optimization during the second half of 2021 provide support to International Seaway’s performance after tanker owners faced an extended period of dismally low daily earnings during the second quarter amid the ongoing global pandemic and an early transition into the historically muted summer months, the company said ...
Written by rjs, MarketWatch 666Here are some selected news articles from the week ended 07 August 2021. Part 2 is available here.