Japan Petroleum Exploration (Japex) has unveiled plans to invest 1.16 trillion yen ($7.3 billion) in exploration and production in a bid to quadruple oil and gas output over the next decade, mainly in the United States. Japan Petroleum Exploration (Japex) has unveiled plan
Crude oil inventories in the United States increased by 1.9 million barrels during the week ending April 17, according to new data from the U.S. Crude oil inventories in the United States increased by 1.9 million barrels during the week ending April 17, according to new da
Prior was -913K Gasoline -4570K vs -1494K expected Distillates -3427K vs -2458K expected API data from late yesterday: Crude -4400K Gasoline -5165K Distillates -4590K For background, the Weekly Petroleum Status Report (WPSR), published by the U.S. Prior was -913K Gasoline
Russia confirms halt to Kazakh pipeline oil exports to Germany, says flows will be diverted Reuters Russia confirms halt to Kazakh pipeline oil exports to Germany, says flows will be diverted Reuters
Oil: Supply shock revives stagflation worries – OCBC OCBC strategists Sim Moh Siong and Christopher Wong highlight that Brent is nearing USD100 as flows through the Strait of Hormuz are unlikely to resume early, pushing markets into an Oil–stagflation... Oil: Supply shock
OCBC strategists Sim Moh Siong and Christopher Wong highlight that Brent is nearing USD100 as flows through the Strait of Hormuz are unlikely to resume early, pushing markets into an Oil–stagflation channel. OCBC strategists Sim Moh Siong and Christopher Wong highlight tha
The flow of crude oil via the Druzhba pipeline from Russia to Germany will restart today, Reuters is reporting, citing an unnamed source. “Oil pumping is scheduled to begin tomorrow at lunchtime,” the Reuters source said on Tuesday. The flow of crude oil via the Druzhba pi
Australia's state of Queensland will pour A$25 million in biodiesel production project in a bid to reduce its reliance on imported fuel amid a severe supply crunch resulting from the war in the Middle East. Australia's state of Queensland will pour A$25 million in biodiese
Global crude oil inventories are approaching a record low as the war in the Middle East continues, decimating tanker traffic via the Strait of Hormuz, Goldman Sachs commodity analysts have warned. Global crude oil inventories are approaching a record low as the war in the
The trading arms of some of China’s biggest state-owned oil giants have started selling crude for May loadings in a rare move from the majors that have cut refinery rates in response to soaring oil prices and constrained crude supply from the Middle East. The trading arms
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