Between the week ending March 20 and the week ending April 24, the U.S. Between the week ending March 20 and the week ending April 24, the U.S. Department of Energy (DOE) released a total of 17.5 million barrels of crude oil from the U.S. Strategic Petroleum Reserve
The United Arab Emirates (UAE) could attract more U.S. investment after the exit from OPEC as the country would be able to produce more oil once the current Strait of Hormuz crisis ends, according to JP Morgan. The United Arab Emirates (UAE) could attract more U.S. investm
The war in Iran and the closed Strait of Hormuz are accelerating a major shift in the oil tanker market, in which smaller tankers carrying fuels are becoming crude carriers amid better economics as crude buyers scramble for supply that’s not trapped behind the Strait. The
Gold: Inflation hedge as energy shocks bite – BNY BNY’s Bob Savage points out that Gold is gaining alongside Steel as Brent Oil surges to multi‑year highs and Middle East tensions intensify. Gold: Inflation hedge as energy shocks bite – BNY BNY’s Bob Savage points out that
The Association of Southeast Asian Nations (ASEAN) looks to ratify a petroleum security agreement, Philippine Trade Secretary Cristina Roque said on Thursday as Asian nations are reeling from the shock oil supply crisis amid the Middle East war. “APSA, or the ASEAN Petroleum...<
Oil market update: The cartel will crack The first thing I would remind every desk jockey glued to a Bloomberg terminal is simple: when the red banner headline screams that the US is considering military escalation, think like a TACO trader. Oil market update: The cartel w
State-owned China National Petroleum Corporation (CNPC), the biggest oil and gas firm in the country, pledged to make “every effort” to ensure sufficient domestic supply of oil, gas, and fuels amid the Middle East crisis that has slashed supply to key markets, including China.</p
Oil: Iran conflict keeps prices elevated – Danske Bank Danske Research Team highlights that Brent has surged to around USD 124–126 per barrel as Iran-related tensions and a US naval blockade drive supply fears. Oil: Iran conflict keeps prices elevated – Danske Bank Danske
Three of the largest asset management firms are competing for Shell’s interest in the LNG Canada project, with price tag estimates ranging between $10 billion and $15 billion, Reuters reported, citing unnamed sources familiar with the matter. Three of the largest asset man
MUFG’s Lloyd Chan notes that Brent Oil near US$120 and higher US Treasury yields are underpinning Dollar strength, with the Dollar holding in the 98.00–99.00 range. MUFG’s Lloyd Chan notes that Brent Oil near US$120 and higher US Treasury yields are underpinning Dollar str