India cuts fuel demand growth by 40% due to austerity India's refined petroleum demand growth forecast has been downgraded due to rising crude oil import costs and government-led austerity measures. The new forecast is 77,000 barrels per day, a 40% decrease from the p
Pemex struggles to deliver profits as oil prices exceed $100 Pemex, the Mexican state oil giant, has failed to deliver profits despite the recent surge in oil prices to above $100. The company's struggles come as Moody's affirmed Pemex's ratings, including its 'ca' st
Oil benchmarks retreat nearly $5 per barrel as equities rally and bond yields decline amid broader market optimism. West Texas Intermediate crude approaches the $90 per barrel level, while Brent dips toward the mid-$90s after briefly trading above $100. The decline follows
Crude stabilizes near a key trendline after dropping on optimism over potential progress in Iran conflict negotiations. Crude oil prices fell sharply today amid speculation that diplomatic efforts could ease tensions in Iran, pushing the market to a low of $90.32. Buyers e
Iraq’s crude production hit a two-decade low last month, down nearly 66% from its recent three-month average. Iraq’s average crude oil production fell to 1.389 million barrels per day in April, the lowest level since the early 2000s. The drop follows a pre-war average of 4
Quick Read - S&P 500 futures surged above 7,500 for the first time following reports of a potential U.S.-Iran framework agreement to reopen the Strait of Hormuz after weeks of disruption that sent Brent crude above $100/barrel and triggered stagflation concerns across... e
Oil prices slide nearly 6% as easing Middle East tensions reduce fears of supply disruptions and inflation pressures. Brent crude futures fell 5.9% to $97.44 per barrel in early trading Monday, breaking below $100 for the first time in nearly three weeks. West Texas Interm
A leading energy consultant forecasts a potential oil price surge next month due to prolonged Strait of Hormuz disruptions. Oil markets may face a sharp price spike in July if the Strait of Hormuz remains closed for four months, according to a top energy analyst. Such a sc
China’s largest refiner boosts shale oil production amid efforts to enhance energy security and reduce crude import reliance. Sinopec’s Jiyang shale oil base in Shandong province has produced over 2 million tons of oil, marking a significant increase in domestic output. Th
Beijing's growing control over lithium supply chains raises concerns over EV and battery market geopolitical risks. China's expanding dominance in lithium markets is reshaping global supply chains, increasing its influence over electric vehicle and battery production. The
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