Standard Chartered’s Hunter Chan and Shuang Ding expect robust external demand to support China’s April industrial production and trade, even as services and construction soften. Standard Chartered’s Hunter Chan and Shuang Ding expect robust external demand to support Chin
Oil surges as Iran-UAE strikes and Hormuz risks fuel supply fears Western Texas Intermediate (WTI), the US crude oil benchmark soars sharply more than 3% amid an ongoing escalation in the Middle East, as Iran launched attacks on the United Arab Emirates, while sources cited by...
The United Arab Emirates (UAE) has officially withdrawn from the Organization of Arab Petroleum Exporting Countries (OAPEC), following the country’s landmark decision to exit OPEC and the broader OPEC+ alliance. “While it appreciates the role played by the UAE throughout its...</
Norway’s energy major Equinor has extended key drilling and well services contracts worth a combined NOK 17 billion ($1.8 billion), reinforcing activity on the Norwegian continental shelf as the company targets production of around 1.2 million barrels of oil equivalent per day...
Fujairah oil zone hit by fire after drone attack as UAE says it intercepted Iran missiles Reuters Fujairah oil zone hit by fire after drone attack as UAE says it intercepted Iran missiles Reuters
Equinor has extended $1.8 billion worth of drilling and well services supplier contracts as the Norwegian energy major looks to keep high oil and gas production offshore Norway and deliver stable energy volumes to Europe. Equinor has extended $1.8 billion worth of drilling
Oil: Two-sided supply risks shape price path – BNY BNY’s Bob Savage highlights that Oil remains driven by conflicting forces, with U.S. escort plans in the Strait of Hormuz initially knocking prices lower before renewed attacks lifted them... Oil: Two-sided supply risks sh
Brent Oil outlook: Brent price rises on fresh tensions in the Middle East Brent oil jumped on Monday on raising tensions in the Middle East as the US announced the start of operation to open the Strait of Hormuz while Iran claims hitting one of the US warships that attempted to...</strong
President Donald Trump may soon feel the need to "blockade" U. President Donald Trump may soon feel the need to "blockade" U. S. crude oil exports after those exports hit a record high recently, a trend which, if it continues, will increase the price U. S. consumers
The United Arab Emirates has not directed at anyone its decision to leave OPEC and the broader OPEC+ alliance, Sultan al Jaber, the chief executive of Abu Dhabi’s national oil company ADNOC, said on Monday. “The United Arab Emirates' sovereign decision to reposition itself...
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