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- + Oil prices fall as U.S. business activity cools, concerns over Middle East ease—Oil prices were moderately lower on Wednesday as worries over conflict in the Middle East eased and business activity in the worlds largest oil consum...
- + Eni gains Mexico OK for exploration well that could form country’s first private oil, gas cluster—Eni Mexico on April 23 received authorization from Mexicos upstream regulator to drill an exploration well called Yopaat 1 in its Area 9 blocks the It...
- + Aker BP Q1 beats forecast as costs fall, Tyrving to start sooner—Norwegian independent oil company Aker BP AKRBP.OL on Wednesday posted higher-than-expected net profit for the first quarter as costs fell, and said i...
- + Eni ups share buyback on Q1 profit beat, but debt rises—Italian energy group Eni ENI.MI said on Wednesday it would raise its planned 2024 share buyback by 45% to 1.6 billion euros ($1.71 billion) after firs...
- + US crude, gasoline stockpiles fall, distillates build last week, EIA says—U.S. crude oil inventories unexpectedly fell sharply last week as exports jumped, while gasoline stockpiles decreased less than forecast, the Energy I...
- + Westwood Insight – As dayrates continue north, could we see more energy companies buying offshore rigs?—The price to rent an offshore rig hit a nine-year high last year with jackups, semisubmersibles and drillships costing on average US$118,000, $368,000...
- + OPEC excited about Namibia partnership, offers support—The Organization of the Petroleum Exporting Countries (OPEC) is excited about a potential partnership with Namibia and ready to support the southern A...
- + Middle East Crude-Dubai rises for 4th straight session; Oman at 6-mth high—Middle East crude benchmark Dubai gained for a fourth straight session on Wednesday following strong bids from Vitol, Equinor and Mitsui on Platts win...
- + US to ‘keep tightening screws’ on Russian energy projects: official—US sanctions on Russian oil and natural gas are working and the US is going to keep tightening sanctions to stymie Russias efforts to develop new ways...
- + Europe’s ability to survive a cold winter hasn’t been tested, energy execs say—Europe has successfully survived the worst energy crisis in decades thanks to demand reduction and a couple of mild winters, but the continents abilit...
- + US oil and gas M&A hits quarterly record after blockbuster 2023—U.S. oil and gas deals hit a record $51 billion in the first quarter, a continuation of last years fierce merger pace centered in the top U.S. shale f...
- + Warmer weather starts to affect energy demand, more extremes likely in 2024: EU climate monitor—Volatile temperatures were beginning to have an impact on energy demand and renewable energy output, with extreme weather events seen in 2023 and more...
- + US crude inventories seen up last week, products likely fell—U.S. crude stockpiles were expected to have risen last week, while product inventories likely fell, a preliminary Reuters poll showed on Monday. Three...
- + Oman plans more oil and gas auctions: energy minister—Oman intends to auction offshore oil and gas blocks by the end of the year, the countrys minister of energy and minerals Salim al-Aufi told reporters ...
- + Oil falls back after robust EU data as Mideast tensions linger—Oil prices slipped on Tuesday after a short-lived boost from stronger economic data out of Europe as the market weighed the potential fallout from any...
- + Middle East Crude-Dubai rises in 3rd session; Trafigura buys Upper Zakum—Middle East crude benchmark Dubai rose for a third straight session on Tuesday, buoyed by tight supply of heavier oil. Spot premiums for Upper Zakum c...
- + Key market indicators April 22-26—Prompt LNG prices have eased, despite ongoing global risks factors, particularly around the Middle East. Platts, part of SP Global Commodity Insights,...
- + Europe’s oil refinery output falls in March, Euroilstock says—European oil refinery output fell 4% in March from the previous month to 9.457 million barrels per day (bpd), but was nearly 1% higher than the same t...
- + Oil rises on robust EU data as Mideast tensions linger—Oil prices gained on Tuesday after stronger economic data out of Europe, as investors also weighed the potential fallout from any fresh U.S. sanctions...
- + Sluggish demand and oversupply sap European diesel markets—European diesel futures spreads are flashing signs of oversupply and slow demand with the three-month contango LGOc1-LGOc4 trading on Monday at its wi...
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As of 4/25/24 5:26am. Last new 4/24/24 6:07pm.
- + Russian Urals crude supplies to Turkey hit record in March, LSEG data shows—Turkeys imports of Russias flagship Urals crude rose to a monthly record of more than 12 million barrels in March, as Ankara remains the worlds second...
- + Russia does not rule out LNG exports stagnating in next 4 years—Russias liquefied natural gas (LNG) exports could stagnate in the next four years under the two less-rosy of threeEconomy Ministry scenarios a sign t...
- + CPC’s Black Sea oil terminal shuts down one of moorings for maintenance—Caspian Pipeline Consortium (CPC), which exports Kazakhstans oil from the Black Sea, said on Wednesday it was conducting maintenance at one of the ter...
- + Hoegh Galleon helps Egypt’s gas crunch but delays Australian LNG imports—The Hoegh Galleon floating, storage and regasification unit (FSRU) is reported to have been contracted by the Egyptian Natural Gas Holding Company (EG...
- + Jordan buys about 60,000 T feed barley in tender, traders say—Jordans state grain buyer purchased about 60,000 metric tons of animal feed barley in an international tender on Wednesday, European traders said. The...
- + Brazil sets import quotas, tax for 11 steel products—Brazils government on Tuesday decided to establish import quotas for 11 steel products and impose a 25% tax on them when those volumes are exceeded, a...
- + Fortescue iron ore shipments fall short after derailment—Australias Fortescue FMG.AX on Wednesday logged a larger-than-expected decline in third-quarter iron ore shipments, following a derailment of ore cars...
- + CPC Black Sea terminal oil loadings at 21.1 mln T so far this year—Oil loadings at the Caspian Pipeline Consortium (CPC) Black Sea terminal have reached 21.1 million metric tons so far this tear, CPC said on Wednesday...
- + China’s strong iron ore imports diverge from weak steel output—Chinas first quarter imports of iron ore and its domestic production of the steel raw material both rose strongly, but output of crude steel fell. Thi...
- + Russia’s Gazprom ships first LNG cargo this year from Portovaya to Asia around Africa – LSEG data—Russias Gazprom GAZP.MM is shipping its first cargo of liquefied natural gas to Asia this year from its Portovaya plant on the Baltic Sea, travelling ...
- + Malaysia keeps May crude palm oil export duty at 8%—Malaysia has maintained its export tax for crude palm oil at 8%for May and raised its reference price, a circular on the Malaysian Palm Oil Board webs...
- + Iran’s SLAL believed to have bought about 60,000 T soymeal, traders say—Iranian state-owned animal feed importer SLAL is believed to have purchased about 60,000 metric tons of soymeal expected to be sourced from Argentina ...
- + Indonesia bought about 300,000 T rice in tender, traders say—Indonesian state purchasing agency Bulog is believed to have purchased about 300,000 metric tons of rice an international tender late last week, Europ...
- + Taiwan tenders for estimated 106,675 T wheat of U.S.-origin—The Taiwan Flour Millers Association has issued an international tender to purchase an estimated 106,675 metric tons of grade 1 milling wheat to be so...
- + Exports of key Nigerian crude oil grades to fall in June, programme shows—Exports of the four main Nigerian crude oil grades in June are set to average 620,800 barrels per day (bpd), dipping from May levels, according to a p...
- + Ukraine April grain exports might be at 6-7 mln T despite Russian strikes on ports, source says—Ukraine grain exports might total 6-7 mln metric tons in April despite Russian attacks on Ukrainian port infrastructure on the Black Sea, industry sou...
- + Egypt to ramp up LNG imports as output drops and summer nears—Egypt is expected to ramp up liquefied natural gas (LNG) imports as its own natural gas production falls and power demand climbs over the summer perio...
- + US April LPG shipments to NWE, Med and North Africa fall to 762,000 mt: CAS—April LPG exports from the US to Northwest Europe, the Mediterranean and North Africa stood at 762,800 mt April 19, down from 1.1 million mt in March,...
- + Indian refiners may need a rethink amid shrinking Russian crude discounts—India’s appetite may be waning for crude oil from Russia, the country’s biggest source, with discounts shrinking by 77 per cent from a record high in ...
- + Russian wheat export prices down slightly last week on quota expansion—Russian wheat export prices decreased slightly last week amid active shipments and an expansion of the export quota for Russian grain, although dry we...
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As of 4/25/24 5:26am. Last new 4/24/24 3:58pm.
- + As China volume growth is no longer guaranteed, focus on growing value—THE ABOVE CHART is an updated version of the chart that I first presented at the Asia Petrochemical Industry Conference (APIC) in New Delhi in May 202...
- + Global crises fracturing foreign investment, impacting developing economies—Launched by UN Trade and Development (UNCTAD) on 23 April, the report entitled “Global economic fracturing and shifting investment patterns” examines ...
- + The US economy showed signs of a ‘wobble’ in April—New data released Tuesday flashed a sign that the US economy could be losing steam. SP Globals flash US composite PMI, which captures activity in both...
- + US has no immediate plan to sanction Chinese banks over Russia, source says—The United States has preliminarily discussed sanctions on some Chinese banks but does not yet have a plan to implement such measures, a U.S. official...
- + Biden rule grants overtime pay to 4 million US workers—The administration of U.S. President Joe Biden on Tuesday unveiled a rule extending mandatory overtime pay to an estimated 4 million salaried workers,...
- + China urges EU to stop ‘excuses’ to restrict Chinese firms—China urged the European Union to abide by its commitment to opening markets and fair competition, as well as to comply with World Trade Organisation ...
- + China’s economy in 2024: Pleasing outcomes among uncertainties—Sewing machines have been humming non-stop in the production workshops of Qicaihu Swimwear Group in Jinjiang City, Fujian Province. Inside the worksho...
- + German business sentiment rises more than expected in April, Ifo finds—German business morale improved more than expected in April, a survey showed on Wednesday, boosting hopes that the worst may be over for Europes bigge...
- + German government nudges up 2024 GDP forecast to 0.3%—The German government on Wednesday raised its economic growth forecast for this year to 0.3%, from 0.2% previously, and lowered its forecast for infla...
- + German debt ratio likely to rise slightly in 2024 – finance ministry—The German debt-to-GDP ratio is likely to rise slightly this year but then fall steadily until 2028, the finance ministry said on Wednesday. The minis...
- + Unemployment biggest worry in India, world’s fastest growing economy—The biggest economic challenge for the government after the ongoing election is unemployment, according to economists polled by Reuters who expected t...
- + Turkey central bank to leave rates unchanged until Q4—Turkeys central bank will not trim its policy rate from the current 50% until the fourth quarter, a Reuters poll of economists showed. It raised the r...
- + Timing of first BoE rate cut splits economists between June and Q3 – Reuters poll—The Bank of England will wait until next quarter to lower borrowing costs, according to median forecasts in a Reuters poll, although almost half of th...
- + UBS flags ‘serious’ concern about new Swiss capital requirements—UBS UBSG.S executives on Wednesday told shareholders that the bank has major concerns about the Swiss governments recently announced plan to hit the c...
- + China turns the heat up on cross-border investments in local govt debt, sources say—Chinese regulators are inspecting the use of a cross-border mechanism to invest in debt-laden local governments offshore bonds, two sources said, indi...
- + Cramer points to signs the economy is slowing that could bring rate cuts from the Fed—CNBC’s Jim Cramer admitted it’s been hard to “parse this economy,” but on Tuesday he pointed to signs that it is slowing down, looking at several rece...
- + UK manufacturers more optimistic despite dip in orders, CBI survey shows—Optimism amongBritish manufacturers rose to its highest since July 2021 this month, despite a drop in orders, the Confederation of British Industry sa...
- + US core capital goods orders rise moderately in March—New orders for key U.S.-manufactured capital goods rose moderately in March and data for the prior month was revised lower, suggesting business spendi...
- + JPMorgan CEO Dimon says US economy is booming—JPMorgan Chase CEO Jamie Dimon expressed confidence in a robust U.S. economy backed by strong employment and healthy consumer finances. The U.S. econo...
- + ECB’s June rate cut not necessarily followed by others, Nagel says—Euro zone inflation could still prove stubborn so a European Central Bank rate cut in June will not necessarily be followed by further policy easing, ...
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As of 4/25/24 5:26am. Last new 4/24/24 5:03pm.
- + IMF chief says productivity, Chinese consumer spending key to boosting global growth—International Monetary Fund Managing Director Kristalina Georgieva bemoaned the slow pace of global growth, saying that Europe needed to do more to bo...
- + IMF’s Gopinath says high U.S. deficits fueling growth, higher interest rates—The United States needs to raise revenues to bring down high budget deficits even though they are helping to fuel global growth by stoking domestic U....
- + IMF urges Italy, France to spend less, Germany to loosen purse strings—Italy and France should cut spending faster than they currently plan to keep debt under control while Germany should loosen its own purse strings to r...
- + Debt, fiscal challenges facing low-income countries worry IMF—Shareholders of the International Monetary Fund agreed this week on the importance of addressing challenges faced by low-income countries, many of whi...
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As of 4/25/24 5:26am. Last new 4/23/24 6:10am.