Concerns over potential oil supply disruptions in the Middle East have led to an increase in Brent crude and West Texas Intermediate prices during Asian trading hours. The surge follows…
Fuel Oil
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A recent Dallas Fed Energy Survey highlights significant hurdles U.S. oil drillers encounter while attempting to electrify their operations. Costs and access to the grid rank as the primary obstacles…
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Saudi Arabia is prepared to face short-term declines in oil prices and revenue as it pivots its policy to reclaim market share, moving away from its previous target of maintaining…
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Storm Helene is moving eastward, with early reports indicating that Gulf of Mexico oil platforms are likely to avoid significant damage. Despite this, the storm is expected to strengthen rapidly.…
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Oil prices experienced a notable increase on Tuesday, driven by China’s announcement of monetary stimulus and escalating concerns about Middle Eastern conflicts affecting regional supply. Additionally, a new hurricane threatened…
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India’s crude oil production in August experienced a year-on-year decline of 3.4%, totaling 2.4 million metric tons, or approximately 17.6 million barrels. This reduction was mirrored in fuel production, which…
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China has announced fuel export quotas totaling 9 million tons for the final quarter of the year. The majority of these quotas are allocated for clean refined fuels, while 1…
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Oil markets have experienced significant turmoil in recent weeks, driven by pervasive macroeconomic concerns that triggered momentum-following algorithms. This turbulence led to a steep decline in oil prices, worsened by…
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Crude oil prices continued their upward trajectory from Thursday, showing signs of breaking a three-week losing streak if current gains persist. However, the market’s momentum may be in jeopardy as…
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For the first time in twenty years, China is no longer seen as the driving force behind global crude oil demand, a shift that has caught many industry professionals off…