WTI :  Russia, China's leading oil supplier

WTI : Russia, China's leading oil supplier

Russia remained China's main oil supplier in the first two months of the year, according to data released on Wednesday, as Saudi supply cuts continue. Chinese imports from Russia , rose by 13% on the...
Our Logo March 20, 2024 at 10:38 am EDT
China, decarbonisation present Australia's iron ore miners with costly choices:  Russell

China, decarbonisation present Australia's iron ore miners with costly choices: Russell

Australia's vast iron ore mining sector is facing stark choices as its biggest customer China has likely hit a peak in its steel production and global pressures mount to decarbonise one the world's...
March 20, 2024 at 04:42 am EDT
Indices:  Is the gold craze contagious?

Indices: Is the gold craze contagious?

Gold is continuing the rally it began in the autumn, reaching an all-time high of $2,195 an ounce in early March. Is the health of the yellow metal palpable in gold stocks, dedicated indices and...
Our Logo March 19, 2024 at 12:13 pm EDT
CERAWEEK-Argentina on right path to solve fiscal deficit, boost energy output - Tecpetrol

CERAWEEK-Argentina on right path to solve fiscal deficit, boost energy output - Tecpetrol

Argentina is in a very bad political situation, but is on the right path to encourage energy investment and remove its fiscal imbalances if a package of reforms proposed by President Javier Milei...
March 19, 2024 at 09:26 am EDT
Citigroup Projects Brent Crude Prices Could Fall to $55/Bbl by Late 2025 -- OPIS

Citigroup Projects Brent Crude Prices Could Fall to $55/Bbl by Late 2025 -- OPIS

Citigroup analysts are projecting Brent crude will average $78/bbl in the second quarter and could continue to slide to $55/bbl by late next year. The bank in a Sunday report said it continues...
March 18, 2024 at 12:49 pm EDT
EXXON MOBIL CEO WOODS SAYS DEMAND FOR OIL AND PETROLEUM PRODUCTS…

EXXON MOBIL CEO WOODS SAYS DEMAND FOR OIL AND PETROLEUM PRODUCTS…

EXXON MOBIL CEO WOODS SAYS DEMAND FOR OIL AND PETROLEUM PRODUCTS VERY HEALTHY - CNBC INTERVIEW ...
March 18, 2024 at 10:20 am EDT
CERAWEEK- PHASING OUT OIL AND GAS IS A 'FANTASY' AND WORLD SHOUL…

CERAWEEK- PHASING OUT OIL AND GAS IS A 'FANTASY' AND WORLD SHOUL…

CERAWEEK- PHASING OUT OIL AND GAS IS A 'FANTASY' AND WORLD SHOULD INSTEAD INVEST IN THEM ADEQUATELY -SAUDI ARAMCO CEO NASSER ...
March 18, 2024 at 10:07 am EDT
Morgan Stanley expects Brent to climb to $90/bbl by summer 2024

Morgan Stanley expects Brent to climb to $90/bbl by summer 2024

Morgan Stanley raised its Brent oil price forecasts by $10 per barrel to $90 for the third-quarter of 2024, citing tighter supply and demand balances on OPEC+ commitment and Russia's oil production...
March 18, 2024 at 09:17 am EDT
China's Jan-Feb coal output slips 4% on high stockpiles, weak price forecasts

China's Jan-Feb coal output slips 4% on high stockpiles, weak price forecasts

China's coal production in January and February fell 4% from the previous year as high stockpiles and forecast lower prices up a damper on mining output. China, the world's largest...
March 17, 2024 at 10:23 pm EDT
IEA Slightly Raises Oil-Demand Growth View But Cuts Supply Forecast -- Update

IEA Slightly Raises Oil-Demand Growth View But Cuts Supply Forecast -- Update

By Giulia Petroni The International Energy Agency lifted its forecast for oil-demand growth this year on an improved outlook in the U.S. and increased bunkering, while it cut estimates for...
March 14, 2024 at 05:41 am EDT
IEA Slightly Raises Oil-Demand Growth View But Cuts Supply Forecast

IEA Slightly Raises Oil-Demand Growth View But Cuts Supply Forecast

By Giulia Petroni The International Energy Agency lifted its forecast for oil-demand growth this year on an improved outlook in the U.S. and increased bunkering, while it cut estimates for...
March 14, 2024 at 05:15 am EDT
IEA sees economic headwinds putting damper on supply growth

IEA sees economic headwinds putting damper on supply growth

The settling down of post-pandemic turbulence and a cloudy economic outlook will rein in demand growth this year, the International Energy Agency said on Thursday, even as shipping disruptions...
March 14, 2024 at 05:03 am EDT
IEA SAYS OIL CONSUMPTION REVERTING TOWARD HISTORICAL TREND AFTER…

IEA SAYS OIL CONSUMPTION REVERTING TOWARD HISTORICAL TREND AFTER…

IEA SAYS OIL CONSUMPTION REVERTING TOWARD HISTORICAL TREND AFTER VOLATILITY OF POST-PANDEMIC REBOUND ...
March 14, 2024 at 05:00 am EDT
Iron ore faces China fundamentals and sentiment hurdles:  Russell

Iron ore faces China fundamentals and sentiment hurdles: Russell

The tables have turned on iron ore with prices coming under pressure from a combination of fundamental and sentiment factors in dominant importer China that are likely to persist over the short term. ...
March 14, 2024 at 01:15 am EDT
Europe gets lucky with a mild, windy winter:  Kemp

Europe gets lucky with a mild, windy winter: Kemp

With only a few more weeks left in the heating season, Europe is on course to end the winter with a record amount of gas in storage, sending prices sliding and dispelling fears about energy security. ...
March 13, 2024 at 09:00 pm EDT
Australian farmers should favour wheat over canola as margins recover, Rabobank says

Australian farmers should favour wheat over canola as margins recover, Rabobank says

Australian farmers should make significantly more money on their crops in 2024/25 than in the previous season thanks to a drop in fertiliser and chemical prices, with plantings likely to favour wheat...
March 13, 2024 at 07:59 pm EDT
Softer spot LNG prices see demand gain, contrast with contract pain:  Russell

Softer spot LNG prices see demand gain, contrast with contract pain: Russell

Lower spot prices for liquefied natural gas in Asia have yet to drive a significant boost in demand for the super-chilled fuel, although there is an increase in appetite from price-sensitive buyers...
March 13, 2024 at 01:15 am EDT
Soybean Futures Rise Following Conab Report -- Daily Grain Highlights

Soybean Futures Rise Following Conab Report -- Daily Grain Highlights

By Kirk Maltais -Soybeans for May delivery rose 1.3% to $11.94 a bushel, on the Chicago Board of Trade on Tuesday, with short-covering supporting soybeans after Conab's report showed a cut in...
March 12, 2024 at 03:25 pm EDT
Gold heads for new record highs

Gold heads for new record highs

On Wednesday, gold prices fluctuated around record levels reached in the previous session, following comments by US Federal Reserve Chairman Jerome Powell, who suggested that interest rate cuts could...
Our Logo March 07, 2024 at 09:41 am EST
UK Energy Regulator Sets Out Network Prices, Five-Year Investment Package

UK Energy Regulator Sets Out Network Prices, Five-Year Investment Package

By Joe Hoppe U.K. energy regulator Ofgem set out Wednesday new local electricty-network price controls for 2023 to 2028, and said it has a five-year investment package for six electricity...
November 30, 2022 at 02:36 am EST