[*] [-] [-] [x] [A+] [a-]  
[l] at 9/25/23 3:00pm
The worlds richest oil states should pay a global windfall tax to help poorer nations combat climate change, ex-PM Gordon Brown has said. He said countries such as Saudi Arabia, the UAE, Qatar and Norway benefited from a lottery style bonanza last year, as the price of oil soared. Mr Brown argues a $25bn (£20.4bn) ...

[Category: Oil & Companies News, ΒunkerportsnewsΠρώτηΣελιδα]

[*] [-] [-] [x] [A+] [a-]  
[l] at 9/25/23 3:00pm
Crude oil production cuts among OPEC+ members are limiting the global supply of medium, sour and heavy, sour grades of crude oil. These cuts are increasing prices for these grades compared with sweet crude oils, reversing typical price relationships. Crude oil is classified into categories based on the oil’s density (light, medium, or heavy) and ...

[Category: Oil & Companies News, ΒunkerportsnewsTop, Πρώτη σελιδα]

[*] [-] [-] [x] [A+] [a-]  
[l] at 9/25/23 3:00pm
Middle East crude benchmarks Dubai and Oman rose on Monday, with two cargo deliveries of Upper Zakum emerging, while the Brents Exchange Futures for Swaps (EFS) to Dubai widened sharply again amid recent volatility. The November EFS spread DUB-EFS-1M was pegged at a premium of $2.70 a barrel at the Asia close (0830 GMT) on ...

[Category: Oil & Companies News, ΒunkerportsnewsΠρώτηΣελιδα, Πρώτη σελιδα]

[*] [-] [-] [x] [A+] [a-]  
[l] at 9/25/23 3:00pm
Egypts petroleum ministry launched on Monday an international bid round for gas and oil exploration in 23 new areas, it said in a statement. The bid includes 10 areas in Egypts Western Desert, two in the Eastern Desert, seven in the Gulf of Suez, and four areas in the Red Sea, it added. Source: Reuters ...

[Category: Oil & Companies News, ΒunkerportsnewsΠρώτηΣελιδα]

[*] [-] [-] [x] [A+] [a-]  
[l] at 9/25/23 3:00pm
International crude oil prices have rallied more than 10 per cent and sizzled to 10-month high levels after oil producers Saudi Arabia and Russia extended their voluntary output cuts of a combined 1.3 million barrels per day (bpd) till the end of the year. Brent futures rose to a record $94.63 mark in the week ...

[Category: Oil & Companies News, ΒunkerportsnewsΠρώτηΣελιδα, Πρώτη σελιδα]

[*] [-] [-] [x] [A+] [a-]  
[l] at 9/25/23 3:00pm
Oil prices were nearly flat in choppy trade on Monday as Russia relaxed its fuel ban, after earlier gains on a tighter supply outlook, while investors eyed elevated interest rates that could curb demand. Brent crude futures were flat at $93.27 a barrel by 1:04 p.m. EDT (1704 GMT). U.S. West Texas Intermediate crude was ...

[Category: Oil & Companies News, Βunkerportsnews]

[*] [-] [-] [x] [A+] [a-]  
[l] at 9/25/23 7:00am
Oil prices held steady on Monday after Russia relaxed its fuel ban, taking the edge off earlier gains on a tighter supply outlook and wariness over interest rates that could curb demand. Brent crude futures were up 17 cents, or 0.18%, at $93.44 a barrel by 1133 GMT after settling 3 cents lower on Friday. ...

[Category: Oil & Companies News, ΒunkerportsnewsΠρώτηΣελιδα, Πρώτη σελιδα]

[*] [-] [-] [x] [A+] [a-]  
[l] at 9/25/23 7:00am
Government policies to fight climate change are discouraging oil companies from investing heavily in new production even as they turn in record profits a dynamic that could spell tight supply and high prices as clean energy alternatives seek to fill the void. Crude oil prices have surged above $90 a barrel and some analysts ...

[Category: Oil & Companies News, ΒunkerportsnewsΠρώτηΣελιδα, Πρώτη σελιδα]

[*] [-] [-] [x] [A+] [a-]  
[l] at 9/25/23 7:00am
The transition to a low-carbon economy can appear as a threat to livelihoods in the oil patch, and this perspective can be an obstacle to climate efforts, a Canadian executive said on a panel at the World Petroleum Congress in Calgary. If you live, as I do, in a region of a country with a ...

[Category: Oil & Companies News, Πρώτη σελιδα]

[*] [-] [-] [x] [A+] [a-]  
[l] at 9/25/23 7:00am
The once-thriving oil industry in the northern Kurdish region of Iraq has ground to a halt as the closure of the export pipeline to Turkey, now in its sixth month, continues, inflicting economic devastation. In late March, Turkey halted flows of oil produced in the region after an arbitration court ruled in favour of Baghdad, ...

[Category: Oil & Companies News, ΒunkerportsnewsΠρώτηΣελιδα, Πρώτη σελιδα]

[*] [-] [-] [x] [A+] [a-]  
[l] at 9/25/23 7:00am
U.S. oil refiners that cranked up processing this year amid soaring demand for gasoline and diesel are being hit by outages weighing on their ability to rebuild thin fuel stockpiles and helping drive up fuel prices. A more than 50% jump in mechanical outages in the first nine months this year combined with higher planned ...

[Category: Oil & Companies News, ΒunkerportsnewsΠρώτηΣελιδα, Πρώτη σελιδα]

[*] [-] [-] [x] [A+] [a-]  
[l] at 9/25/23 7:00am
The planned expansion of the BRICS bloc, through the addition of new members Saudi Arabia, Iran, United Arab Emirates (UAE), Egypt, Ethiopia and Argentina, will transform the grouping into a global leader in renewable energy in the coming decades, Rystad Energy research shows. The six new members will join the BRICS group of Brazil, Russia, ...

[Category: Oil & Companies News, ΒunkerportsnewsΠρώτηΣελιδα, Πρώτη σελιδα]

[*] [-] [-] [x] [A+] [a-]  
[l] at 9/25/23 7:00am
Nigeria expects to lift oil production to 2.1 million barrels per day by the end of next year after oil companies operating in the country committed investments of $13.5 billion in the short term, the presidency said on Saturday. Nigeria is Africas largest oil producer but its output has been in decline due to massive ...

[Category: Oil & Companies News, ΒunkerportsnewsΠρώτηΣελιδα, Πρώτη σελιδα]

[*] [-] [-] [x] [A+] [a-]  
[l] at 9/25/23 3:00am
Energy Speculative appetite grows The oil market has held relatively steady in recent days with tightness in the physical market coupled with Russia’s recent export ban on diesel and gasoline offset by a fairly hawkish FOMC meeting last week. As a result, Brent continues to hold above US$93/bbl. Speculators continue to become more constructive ...

[Category: Oil & Companies News, ΒunkerportsnewsΠρώτηΣελιδα, Πρώτη σελιδα]

[*] [-] [-] [x] [A+] [a-]  
[l] at 9/25/23 3:00am
Oil prices rose on Monday as investors focused on a tighter supply outlook after Moscow issued a temporary ban on fuel exports while remaining wary of further rate hikes that could dampen demand. Brent crude futures climbed 71 cents, or 0.76%, to $93.98 a barrel by 0809 GMT after settling 3 cents lower on Friday. ...

[Category: Oil & Companies News, ΒunkerportsnewsΠρώτηΣελιδα, Πρώτη σελιδα]

[*] [-] [-] [x] [A+] [a-]  
[l] at 9/25/23 3:00am
Increased exports of oil from the United States into Europe and Asia mean U.S. crude has snatched back its primacy in setting international pricing after North Sea grades have for decades determined the value of the worlds most traded commodity. The trend has calmed volatility and limits the potential for trading plays, known by traders ...

[Category: Oil & Companies News, ΒunkerportsnewsΠρώτηΣελιδα, Πρώτη σελιδα]

[*] [-] [-] [x] [A+] [a-]  
[l] at 9/25/23 3:00am
China’s demand for oil could peak by the end of the decade — and with its economic recovery still in limbo, can global oil markets continue to rely on China? “For 20 years, the oil market is dependent on China, China, China, supporting the markets. The story is coming to an end,” said Facts Global ...

[Category: Oil & Companies News, ΒunkerportsnewsΠρώτηΣελιδα, Πρώτη σελιδα]

[*] [-] [-] [x] [A+] [a-]  
[l] at 9/25/23 3:00am
The long-awaited Dangote refinery billed as a game-changer for Nigeria and sub-Saharan Africa will receive its first cargo of crude in the next two weeks and will begin producing up to 370,000 b/d of diesel and jet fuel from October, a senior company executive told SP Global Commodity Insights. In a wide-ranging exclusive ...

[Category: Oil & Companies News, Πρώτη σελιδα]

[*] [-] [-] [x] [A+] [a-]  
[l] at 9/25/23 3:00am
China has been stepping up its natural gas purchases as well as facilitating construction in recent years, as part of efforts to ensure sufficient energy supply amid its green transition, said industry experts. The country is looking to sign more deals to avoid future shortages and reduce dependence on spot deliveries, with 33 percent of ...

[Category: Oil & Companies News, ΒunkerportsnewsΠρώτηΣελιδα, Πρώτη σελιδα]

[*] [-] [-] [x] [A+] [a-]  
[l] at 9/25/23 3:00am
The Russian government cut its price forecast for its natural gas exports outside the former Soviet Union for 2024-26, according to figures presented by the economy ministry. Russia relies heavily on sales of oil and natural gas, which account for around a third of federal budget revenues, while the government has been discussing budget plans ...

[Category: Oil & Companies News, ΒunkerportsnewsΠρώτηΣελιδα, Πρώτη σελιδα]

[*] [-] [-] [x] [A+] [a-]  
[l] at 9/25/23 3:00am
Diesel importers in Brazil are grappling with uncertainty after Russias announcement on Sept. 21 that it was temporarily banning exports of diesel and gasoline to ease domestic fuel prices and alleviate supply shortages. In recent months, Russian product has accounted for about 78% of diesel imports into Brazil, data from SP Global Commodities at Sea ...

[Category: Oil & Companies News, Πρώτη σελιδα]

As of 9/25/23 9:25pm. Last new 9/25/23 5:00pm.

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