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[l] at 4/12/24 3:00pm
Oil rose 2% on Friday and was set for a small weekly gain, as tension in the Middle East raised the risk of supply disruptions and offset the potentially bearish impact of reduced expectations for U.S. interest rate cuts this year. Brent crude futures were up $2.19, or 2.44%, at $91.93 a barrel by 1340 ...

[Category: Oil & Companies News, Βunkerportsnews]

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[l] at 4/12/24 3:00pm
The United Arab Emirates state-owned oil company recently considered buying Britains BP (NYSE:) but the deliberations did not progress beyond preliminary discussions, people familiar with the matter told Reuters. Abu Dhabi National Oil Company (ADNOC) ultimately decided BP would not be the right fit for its strategy, three people said. Political considerations also weighed on ...

[Category: Oil & Companies News, ΒunkerportsnewsΠρώτηΣελιδα]

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[l] at 4/12/24 3:00pm
Highlights World oil demand growth continues to lose momentum with 1Q24 growth of 1.6 mb/d, 120 kb/d below our previous forecast due to exceptionally weak OECD deliveries. With the post-Covid rebound now largely complete, and vehicle efficiencies and an expanding EV fleet acting as further drags on oil demand, growth in 2024 and 2025 slows ...

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

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[l] at 4/12/24 3:00pm
Murbans premium dipped on Friday as more cargo deliveries for June emerged in recent trade sessions, while the other benchmarks Dubai and Oman also weakened. The premium for Murban fell to $2 a barrel on Friday, down 21 cents from the previous day. Another three Murban cargo deliveries for June emerged, bringing the tally of ...

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

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[l] at 4/12/24 7:00am
The C+F Japan physical naphtha crack against Brent crude is expected to remain under pressure in the second quarter after hitting a five-month low amid razor-thin petrochemicals margins, while more supply from the Middle East after refinery turnarounds have offset lower Russian naphtha inflows into Singapore, according to market sources and SP Global Commodity Insights ...

[Category: Oil & Companies News, Πρώτη σελιδα]

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[l] at 4/12/24 4:00am
Oil rose on Friday as heightened tensions in the Middle East raised the risk of supply disruptions from the oil-producing region, though the market is set for a weekly loss on expectations of fewer U.S. interest rate cuts this year. Concern that Iran might retaliate for an attack on Monday by suspected Israeli warplanes on ...

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

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[l] at 4/12/24 4:00am
Energy – TTF spikes higher Oil prices edged lower yesterday with ICE Brent settling back just below US$90/bbl. It is clear that the rally in oil has run out of momentum and in the absence of further escalation in the Middle East or supply disruptions we expect to see a pullback. We maintain our forecast ...

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

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[l] at 4/12/24 4:00am
Singapores middle distillates stocks rose above the 11 million barrel level for the first time in two-and-a-half years, amid a decline in net exports of diesel/gasoil, official government data showed on Thursday. Gasoil/diesel and jet fuel/kerosene inventories at key oil storage hub Singapore stood at 11.208 million barrels in the week to April 10, up ...

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

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[l] at 4/11/24 3:00pm
Oil prices fell by $1 on Thursday following a major U.S. refinery outage and as sticky inflation dampened hopes for near-term U.S. interest rate cuts, but worries that Iran might attack Israeli interests kept crude near six-month highs. Brent crude futures were down 68 cents, or 0.8%, to $89.80 a barrel at 11:07 a.m. EST ...

[Category: Oil & Companies News, Βunkerportsnews]

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[l] at 4/11/24 3:00pm
Crude Oil Price Movements In March, the OPEC Reference Basket (ORB) value increased by $2.99, or 3.7%, m-o-m, to average $84.22/b. Oil futures prices averaged higher, with the ICE Brent front-month contract rising by $2.95, or 3.6%, m-o-m, to $84.67/b, and the NYMEX WTI front-month contract up by $3.80, or 5.0%, m-o-m, to average at ...

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

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[l] at 4/11/24 11:00am
Middle East crude benchmarks climbed on Thursday as spot buying momentum picked up slightly on the window, while another Murban cargo delivery emerged. This brings the total number of Murban cargoes to be delivered for June to a total of five cargoes in the month so far. Meanwhile, in the broader oil market, crude futures ...

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

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[l] at 4/11/24 7:00am
U.S. natural gas will be cheaper to burn than coal in 2024 for the first time ever, the U.S. Energy Information Administration (EIA) said in its Short-Term Energy Outlook (STEO). The use of coal to generate U.S. power has been falling versus gas for years in part because gas produces less carbon dioxide and other ...

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

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[l] at 4/11/24 7:00am
The US Treasury Department is urging Congress to give it more authority to go after bad actors that use cryptocurrency to evade sanctions, but any shift in policy is expected to have a limited impact on oil-related sanctions in the near term, experts say. These new tools are less important for the oil markets given ...

[Category: Oil & Companies News, Πρώτη σελιδα]

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[l] at 4/11/24 7:00am
Russias government is looking at the possibility of introducing some easing of rigorous fuel environmental standards in order to allow the usage of low-quality gasoline in the face of possible fuel shortages, three industry sources told Reuters. According to sources calculations, it could bring in additional 10%, or between 300,000 metric tons and 350,000 tons ...

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

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[l] at 4/11/24 7:00am
Western Canadian oil producers have good reason to cheer, as after waiting for decades the 590,000 b/d Trans Mountain Expansion pipeline is scheduled to start up May 1, providing additional egress to the West Coast, access for their heavy barrels to a new market in Asia, and, above all, much-needed relief to the deep price ...

[Category: Oil & Companies News, Πρώτη σελιδα]

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[l] at 4/11/24 4:00am
Oil prices were steady near six-month highs on Thursday after rising by a dollar a barrel in the prior session as investors braced for a potential attack on Israeli interests by Iran, OPECs third-largest oil producer. Brent crude futures were up 27 cents or 0.3% to $90.75 a barrel at 0632 GMT, while U.S. West ...

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

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[l] at 4/11/24 4:00am
Energy – Oil up despite bearish inventory report Oil prices rallied yesterday with ICE Brent up almost 1.2% to settle back above US$90/bbl. This strength comes despite a somewhat bearish inventory report from the EIA, as well as a stronger-than-expected CPI report, which likely pushes the Fed’s first rate cut further back. The current geopolitical ...

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

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[l] at 4/11/24 4:00am
OPEC+ crude output in March was up slightly month on month, as several producers continued to exceed their quotas, the Platts OPEC+ survey by SP Global Commodity Insights found. Overall, the group produced 41.25 million b/d of crude in March, up 40,000 b/d on February levels despite efforts made by Saudi Arabia to enforce compliance. ...

[Category: Oil & Companies News, Πρώτη σελιδα]

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[l] at 4/11/24 4:00am
U.S. natural gas production will decline in 2024 while demand will rise to a record high, the U.S. Energy Information Administration (EIA) said in its April ShortTerm Energy Outlook (STEO). EIA projected dry gas production will ease from a record 103.80 billion cubic feet per day (bcfd) in 2023 to 103.58 bcfd in 2024 as ...

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

[*] [-] [-] [x] [A+] [a-]  
[l] at 4/11/24 4:00am
Europe has ended a mild and windy winter with a record volume of gas in storage – eliminating the threat of shortages that has hung over the market since Russias invasion of Ukraine in 2022. Now the problem is where to put all the seasonal surplus of gas this summer – with very little storage ...

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

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[l] at 4/10/24 3:00pm
Shells former CEO, Ben van Beurden, said on Tuesday that European oil and gas companies will find it increasingly difficult to compete with U.S.-listed rivals. There are a deeper pool of investors and capital in New York and the attitude is more positive towards oil and gas companies, van Beurden, who stepped down in 2021, ...

[Category: Oil & Companies News, ΒunkerportsnewsΠρώτηΣελιδα]

As of 4/12/24 8:49pm. Last new 4/12/24 3:35pm.

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