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[l] at 7/12/24 3:00pm
The latest report of the Organization of Petroleum Exporting Countries (OPEC) indicated that the average Irans crude oil price increased $4.76 per barrel in the first half of the 2024 compared to the same period last year. Iran’s crude oil price rose by $4.76 per barrel from January to June 2024 compared to the last ...

[Category: Oil & Companies News, ΒunkerportsnewsΠρώτηΣελιδα]

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[l] at 7/12/24 3:00pm
Brent crude oil has been trading in a tight range of $75-$90 a barrel since late 2022 as OPEC+ cuts keep a floor under prices while sizeable spare capacity, demand uncertainty and sanctions policy prevent the market breaking higher. After a series of gradual production increases that started in early 2021 which unwound historic cuts ...

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

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[l] at 7/12/24 3:00pm
Liquefied natural gas (LNG) trade increased 3.1% globally in 2023 to average 52.9 billion cubic feet per day (Bcf/d), an increase of 1.6 Bcf/d from 2022, according to a recently released report from the International Group of Liquefied Natural Gas Importers (GIIGNL). Expanded export and import capacity and increasing natural gas demand drove the growth ...

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

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[l] at 7/12/24 3:00pm
In the key advanced economies, the consumer price index (CPI) has signalled an easing of inflation. In the US, it declined to 3.3% in May but remains above the US Fed’s target level of 2%. Similarly, in the Eurozone, the CPI dropped to 2.5% in June. However, CPI levels in key developing countries have shown ...

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

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[l] at 7/12/24 3:00pm
Middle East crude benchmarks Oman, Dubai and Murban closed the trading week firmer, with one China oil major being the biggest buyer for the week against a backdrop of mixed market expectations for September, though east-west spreads neared a five-month high. Buying interest in the open window was firm from key major Petrochina mostly through ...

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

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[l] at 7/12/24 3:00pm
Oil prices rose on Friday amid signs of easing inflationary pressures in the United States, the worlds biggest oil consumer, though Brent crude was still set for a weekly decline. Brent crude futures were up 49 cents, or 0.57%, to $85.89 a barrel at 1247 GMT. U.S. West Texas Intermediate crude futures were 69 cents, ...

[Category: Oil & Companies News, Βunkerportsnews]

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[l] at 7/12/24 4:00am
Oil prices rose on Friday amid signs of easing inflationary pressures in the United States, the worlds biggest oil consumer, with Brent crude peaking above $86 though it was still set for a weekly decline. Brent crude futures rose 72 cents, or 0.8%, to $86.12 a barrel by 0819 GMT. U.S. West Texas Intermediate crude ...

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

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[l] at 7/12/24 4:00am
Energy China oil demand worries Oil prices edged higher yesterday supported by a weaker-than-expected US CPI print, which has boosted expectations of a Federal Reserve rate cut in September. This strength has continued in early morning trading today with ICE Brent edging closer towards US$86/bbl. Growing expectations of a rate cut from the Fed ...

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

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[l] at 7/12/24 4:00am
Global oil demand growth will slow to just under a million barrels per day (bpd) this year and next, the International Energy Agency (IEA) said, as Chinese consumption contracted in the second quarter due to economic problems. Global demand in the second quarter rose by 710,000 bpd year on year in its lowest quarterly increase ...

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

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[l] at 7/12/24 4:00am
Singapores middle distillates inventories were little changed from a week earlier, gaining by only 67,000 barrels, as a rise in diesel/gasoil net exports was offset by a decline in jet fuel/kerosene net exports, official data showed. The stockpiles of diesel/gasoil and jet fuel/kerosene at key oil storage hub Singapore were at 8.454 million barrels for ...

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

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[l] at 7/11/24 3:00pm
Oil prices rose on Thursday with the Brent benchmark holding above $85 a barrel, as hopes rose for rate cuts in the United States after data showed a slowdown in inflation. Brent futures were up 27 cents, or 0.3%, to $85.35 a barrel by 1305 GMT. Meanwhile, U.S. West Texas Intermediate (WTI) crude rose 29 ...

[Category: Oil & Companies News, Βunkerportsnews]

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[l] at 7/11/24 3:00pm
Highlights World oil demand continues to decelerate, with 2Q24 growth easing to 710 kb/d year-on-year – the slowest quarterly increase since 4Q22. Chinese consumption contracted, as the countrys post-pandemic rebound has run its course. Global gains are forecast to average just below 1 mb/d in 2024 and 2025, as subpar economic growth, greater efficiencies and ...

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

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[l] at 7/11/24 3:00pm
OPEC has revised its estimates of demand for OPEC+ crude by 100,000 b/d for both 2024 and 2025, it said July 10 in its closely watched monthly oil market report. Its estimates of the call on OPEC+ crude was 43.1 million b/d in 2024 and 43.9 million b/d in 2025. That is significantly above the ...

[Category: Oil & Companies News, Πρώτη σελιδα]

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[l] at 7/11/24 3:00pm
Middle East crude benchmarks Oman, Dubai and Murban extended gains for a second straight session on Thursday, with the East-West arbitrage spread almost at a three-month high on strong performance in the West, though open window activity thinned significantly. The cash premiums for Oman to Dubai swaps were at a two-month high, while Dubai and ...

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

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[l] at 7/11/24 3:00pm
Previous gold, USD basket and NY sugar trading outcomes In this weeks Trading the trend segment, Axel Rudolph reviews recent trading strategies and outcomes. The strategy of going long on spot gold, which initially traded at $2,333 per troy ounce, saw a profitable rally, advising traders to either cash in a $40 profit or adjust ...

[Category: Oil & Companies News, ΒunkerportsnewsΠρώτηΣελιδα]

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[l] at 7/11/24 3:00pm
Indias Oil and Natural Gas Corp has sought a waiver from the U.S. Office of Foreign Assets Control to lift crude oil from Venezuela, an industry source said on Thursday. ONGC is optimistic of winning an approval, the source said, declining to be named due to the sensitivity of the matter. ONGC has been looking ...

[Category: Oil & Companies News, ΒunkerportsnewsΠρώτηΣελιδα]

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[l] at 7/11/24 11:00am
The U.S. Energy Department said this week it is offering to buy up to 4.5 million barrels of oil to help replenish the Strategic Petroleum Reserve (SPR), though oil prices are now higher than the target price it wants to make such purchases. It was the departments latest offer to buy oil to replenish the ...

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

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[l] at 7/11/24 3:00am
Oil prices gained on Thursday as crude stocks fell after U.S. refineries ramped up processing and as gasoline inventories eased, signalling stronger demand. Brent futures rose 62 cents, or 0.73% to $85.70 a barrel by 0620 GMT. U.S. West Texas Intermediate (WTI) crude rose 60 cents, or 0.73%, to $82.70 a barrel. The bounce back ...

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

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[l] at 7/11/24 3:00am
This spring, California refinery crack spreads for gasoline and diesel dipped below average despite shrinking refinery capacity on the West Coast (PADD 5). Crack spreads are the difference between refined product prices and an equivalent volume of crude oil. We use them as a measure to estimate refinery margins based on commodity market conditions. The ...

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

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[l] at 7/11/24 3:00am
Energy – Little change in OPEC outlook Oil prices rallied yesterday following a constructive weekly inventory report from the EIA. US commercial crude oil inventories declined by 3.44m barrels over the last week, more than the 1.92m barrel draw the API reported the previous day. This larger-than-expected draw came despite crude oil exports falling 402k ...

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

[*] [+] [-] [x] [A+] [a-]  
[l] at 7/11/24 3:00am
Portfolio investors had reverted to a broadly neutral position in petroleum last week after heavy selling triggered by the OPEC+ meeting at the start of June waned and buying took over. Hedge funds and other money managers purchased the equivalent of 56 million barrels in the six most important futures and options and contracts over ...

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

As of 7/13/24 7:22am. Last new 7/12/24 4:12pm.

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