[*] [-] [-] [x] [A+] [a-]  
[l] at 3/4/24 3:00pm
OPEC+ members led by Saudi Arabia and Russia agreed on Sunday to extend voluntary oil output cuts of 2.2 million barrels per day into the second quarter, giving extra support to the market amid concerns over global growth and rising output outside the group. Saudi Arabia, the de facto leader of the Organization of the ...

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

[*] [-] [-] [x] [A+] [a-]  
[l] at 3/4/24 3:00pm
The oil and gas industry has witnessed a considerable upheaval in its supply chains amid the protracted Russia-Ukraine conflict and renewed tensions in the Middle East. Both of these conflicts could potentially disrupt global oil and gas supplies in 2024, and hence, the themes of geopolitics and supply chains are the hot topics for this ...

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

[*] [-] [-] [x] [A+] [a-]  
[l] at 3/4/24 3:00pm
Middle East crude benchmarks Oman, Dubai and Murban extended gains for a second session on Monday after OPEC+ stretched their voluntary output cuts until the end of June and as Russia pledged to reduce more supply. In the derivatives market, open interest volume for March Dubai jumped above 142,000 lots, traders and analysts said, levels ...

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

[*] [-] [-] [x] [A+] [a-]  
[l] at 3/4/24 3:00pm
Colombias majority state-owned oil company Ecopetrol (ECO.CN), opens new tab on Thursday reported a fourth-quarter net profit that fell 38%from a year earlier, to just over $1.07 billion, with executives citing lower oil prices for the dip. Net profit slid to 4.23 trillion pesos, from 6.85 trillion in the final quarter of 2022. The fact ...

[Category: Oil & Companies News, Βunkerportsnews]

[*] [-] [-] [x] [A+] [a-]  
[l] at 3/4/24 7:00am
Global energy-related carbon dioxide (CO2) emissions rose less strongly in 2023 than the year before even as total energy demand growth accelerated, new IEA analysis shows, with continued expansion of solar PV, wind, nuclear power and electric cars helping the world avoid greater use of fossil fuels. Without clean energy technologies, the global increase in ...

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

[*] [-] [-] [x] [A+] [a-]  
[l] at 3/4/24 7:00am
Energy companies are ramping up exploration activities in Southeast Asia to boost natural gas output and meet long-term demand growth, drawn by recent discoveries and improved investment policies, company executives and analysts said. Malaysia and Indonesia have recently seen successful upstream discoveries, including a major discovery by Mubadala Energy in the South Andaman Block, following ...

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

[*] [-] [-] [x] [A+] [a-]  
[l] at 3/4/24 3:00am
Energy – OPEC+ extends oil output cuts ICE Brent traded little changed at $83.5/bbl in the morning trading session as OPEC+ members agreed to extend their voluntary 2.2MMbbls/d oil output reduction through the end of June, largely in line with market expectations. Saudi Arabia will continue to dominate the pledged output reduction share at 1MMbbls/d, ...

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

[*] [-] [-] [x] [A+] [a-]  
[l] at 3/4/24 3:00am
Oil prices were little changed on Monday following the widely expected extension of voluntary output cuts through the middle of the year by the OPEC+ producer group on Sunday. Brent futures slipped 14 cents to $83.41 a barrel at 1035 GMT after rising 2.4% last week. U.S. West Texas Intermediate (WTI) fell 23 cents to ...

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

[*] [-] [-] [x] [A+] [a-]  
[l] at 3/4/24 3:00am
U.S. production of oil and gas set new seasonal records in December, capping off an unprecedented year, according to data published by the U.S. Energy Information Administration (EIA). Production continued to climb even as prices slumped from the very high levels seen in mid-2022 after Russia’s invasion of Ukraine, contributing to the accumulation of inventories. ...

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

[*] [-] [-] [x] [A+] [a-]  
[l] at 3/4/24 3:00am
U.S. production of oil and gas set new seasonal records in December, capping off an unprecedented year, according to data published by the U.S. Energy Information Administration (EIA). Production continued to climb even as prices slumped from the very high levels seen in mid-2022 after Russia’s invasion of Ukraine, contributing to the accumulation of inventories. ...

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

[*] [-] [-] [x] [A+] [a-]  
[l] at 3/4/24 3:00am
Saudi Arabias state oil producer Aramco 2222.SE has left unchanged official selling prices (OSPs) for liquefied petroleum gas in March, while Algerias Sonatrach has raised OSPs for LPG by 3.8-7.4% due to rising oil prices and increased demand from the Mediterranean region, traders said. Aramcos March OSP for propane was stable at $630 per metric ...

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

[*] [-] [-] [x] [A+] [a-]  
[l] at 3/4/24 3:00am
Modest growth in Chinas trucked LNG prices in the week to Feb. 28, due to factories resuming their operations after the holiday season, may be capped in the near term as supplies of both LNG and pipeline gas rise over March-April, industrial and trade sources said. Chinese factories, which were largely shut for the Lunar ...

[Category: Oil & Companies News, Πρώτη σελιδα]

[*] [-] [-] [x] [A+] [a-]  
[l] at 3/3/24 3:00pm
OPEC oil output in February has risen, a Reuters survey found on Thursday, as a recovery in Libyan production from disruption offset the impact of voluntary cuts by other members agreed with the wider OPEC+ alliance. The Organization of the Petroleum Exporting Countries (OPEC) pumped 26.42 million barrels per day (bpd) this month, up 90,000 ...

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

[*] [-] [-] [x] [A+] [a-]  
[l] at 3/3/24 3:00pm
Top oil exporter Saudi Arabia may keep term prices of crude it sells to Asian customers little changed in April versus March following a slight rise in Middle East benchmark prices, several trade sources said. The official selling price (OSP) of flagship Arab Light crude could stay unchanged or rise by 10-20 cents a barrel ...

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

[*] [-] [-] [x] [A+] [a-]  
[l] at 3/3/24 3:00pm
U.S. WTI Midland crude differentials rose on Friday after a deal in the Platts window, while North Sea Brent also traded and set the dated Brent benchmark. PLATTS WINDOW * Indications are on a free-on-board (FOB) basis unless marked as cost, insurance and freight (CIF) or delivered at place (DAP). * WTI Midland: Trafigura sells ...

[Category: Oil & Companies News, ΒunkerportsnewsΠρώτηΣελιδα]

[*] [-] [-] [x] [A+] [a-]  
[l] at 3/3/24 3:00pm
Urals crude differentials firmed against dated Brent on Friday as freight costs started to decline. Lower freight rates and fewer penalty fees at the Turkish straits are supporting Urals crude prices at Russian ports. Freight rates for Aframax ships, which usually load some 720,000 barrels of Urals crude in Primorsk or Ust-Luga for a one-way ...

[Category: Oil & Companies News, ΒunkerportsnewsΠρώτηΣελιδα]

[*] [-] [-] [x] [A+] [a-]  
[l] at 3/3/24 3:00pm
U.S. domestic crudegrades largely strengthened on Friday after weakening for most days this week, dealers said, as top oil exporter Saudi Arabia is expected to hold term prices of crude it sells to Asian customers steady in April versus March. WTI Midland and Mars Sour gained 10 cents a barrel. Light Louisiana Sweet WTC-LLS for ...

[Category: Oil & Companies News, ΒunkerportsnewsΠρώτηΣελιδα]

[*] [-] [-] [x] [A+] [a-]  
[l] at 3/3/24 3:00pm
The discount on Western Canada Select (WCS) heavy crude versus the North American benchmark West Texas Intermediate (WTI) edged wider on Friday, the first day of the new monthly trade cycle, continuing to trade in a narrow range. * WCS for April delivery in Hardisty, Alberta, settled at $18.75 a barrel under WTI, according to ...

[Category: Oil & Companies News, ΒunkerportsnewsΠρώτηΣελιδα]

[*] [-] [-] [x] [A+] [a-]  
[l] at 3/3/24 3:00pm
Nigerias April programmes emerged on Friday, with a dip in planned loadings of four key grades versus the preceding month. * Exports of four main Nigerian crude oil grades in April are set to average 654,700 barrels per day (bpd), according to preliminary programmes. * The scheduled loadings of Bonny Light, Bonga, Qua Iboe and ...

[Category: Oil & Companies News, ΒunkerportsnewsΠρώτηΣελιδα]

[*] [-] [-] [x] [A+] [a-]  
[l] at 3/3/24 3:00pm
Oil prices rose 2% on Friday and posted weekly gains as traders awaited an OPEC+ decision on supply agreements for the second quarter while also weighing fresh U.S., European and Chinese economic data. Brent LCOc1 futures for May settled $1.64 higher, or 2%, at $83.55 a barrel. The April Brent futures contract expired on Feb. ...

[Category: Oil & Companies News, ΒunkerportsnewsΠρώτηΣελιδα]

[*] [-] [-] [x] [A+] [a-]  
[l] at 3/3/24 11:00am
U.S. energy firms this week added oil and natural gas rigs for a second straight week to their highest since September, energy services firm Baker Hughes BKR.O said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, rose by threeto 629in the week to March ...

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

As of 3/4/24 6:13pm. Last new 3/4/24 5:32am.

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