mark

(Reuters) – Iraq will keep crude oil production at around 1.4 million barrels per day, Oil Minister Hayan Abdel-Ghani was quoted as saying on Thursday, less than a third of the level before the U.S.-Israeli conflict with Iran. According to the state news agency, the minister said that 200,000 bpd is being transported by truck …

Iraq to Keep Crude Output at 1.4 Million bpd Amid War Disruption, Oil Minister Says Read More »

(Reuters) – The war in the Middle East is creating the biggest oil supply disruption in history, the International Energy Agency said on Thursday, a day after it agreed to release a record volume from strategic stockpiles to offset shortages and a spike in prices. Global supply is expected to drop by 8 million barrels …

World Faces Largest-Ever Oil Supply Disruption on Middle East War, IEA Says Read More »

(Reuters) – Crude oil futures prices are reflecting a view that the market can successfully navigate the Iran war, while prices for physical cargoes and refined products are signalling an imminent crisis. Only one of these price signals is correct – and it’s not what is happening in the paper oil market. Global benchmark Brent …

Crude Oil Futures Separate From Reality as Asia Physical Market Buckles: Russell Read More »

Summary Iranian source denies any such agreement Indian source says assurance came after foreign ministers spoke India says 28 Indian-flagged vessels around Strait They have 778 Indian sailors aboard Suezmax tanker Shenlong, carrying Saudi crude, reaches Mumbai (Reuters) – Iran will allow Indian-flagged tankers ​to transit the Strait of Hormuz, a conduit for 40% of …

Indian Source says Iran to Allow India-Flagged Tankers Through Hormuz as First Tanker Arrives Read More »