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Ron Bousso Summary IEA, EIA forecast large supply overhang in coming quarters Yet future Brent oil price do not reflect the need to store oil Geopolitical tensions blur the outlook for supply and demand LONDON, Aug 20 (Reuters) – A glaring mismatch between benchmark oil prices and expectations of a looming supply overhang has created …
Russia struck the central Ukrainian city of Kremenchuk overnight, leaving a thick column of smoke hovering over the city in an attack that the local mayor called a sign that Russian President Vladimir Putin does not want peace. The bombardment on that city as well as other locations in Ukraine was Russia’s largest so far …
Russia Bombards Ukrainian City Hours After Washington Summit Read More »
U.S. President Donald Trump’s high-stakes diplomacy to resolve the war in Ukraine is unlikely to jolt oil and gas markets, no matter the outcome. Russia has faced multiple rounds of western sanctions and restrictions since its invasion of Ukraine in February 2022, which have dealt severe blows to the country’s giant oil and gas industry, …
War or Peace? For Oil Markets, the Ukraine Outcome is Insignificant: Bousso Read More »
Summary China buys 15 Russian oil cargoes for October-November delivery Indian demand for Russian oil declines as discounts narrow in July Trump threatens retaliatory tariffs against Russian oil buyers (Reuters) – Chinese refineries have purchased 15 cargoes of Russian oil for October and November delivery as Indian demand for Moscow’s exports falls away, two analysts …
Chinese Refiners Sweep up Russian Oil After Indian Demand Falls, Analysts say Read More »
(Reuters) – Pemex, Mexico’s national oil company, is preparing for the “Big Block” overhaul at its 312,500 barrel-per-day (bpd) Deer Park, Texas refinery to begin in early October, said people familiar with plant operations on Friday. The refinery’s 270,000 DU-2 crude distillation unit (CDU), the larger of two at the refinery, will be shut for …
Pemex Readying Texas Refinery for ‘Big Block’ Overhaul, Sources Say Read More »
(Reuters) – When U.S. President Donald Trump meets Russian President Vladimir Putin on Friday, one of his bargaining chips to encourage Putin to make progress toward a ceasefire in Ukraine will be to ease U.S. sanctions on Russia’s energy industry and exports. Trump has also threatened tougher sanctions if there is no progress. Here is …
Russian Energy Export Disruptions Since Start of Ukraine War Read More »
(Reuters) – Asian spot liquefied natural gas (LNG) prices declined this week on soft demand and strong storage inventories and as markets awaited the outcome of a meeting between U.S. President Donald Trump and Russian leader Vladimir Putin later today. The average LNG price for September delivery into north-east Asia was at $11.65 per million …
Asian Spot LNG Prices Ease as Markets Eye Trump-Putin Meeting Read More »
World markets are watching closely as U.S. President Donald Trump and Russia’s Vladimir Putin meet in Alaska later on Friday to seal a possible ceasefire agreement in Ukraine. This was a conflict that sparked an energy shock, sent food prices soaring, battered European assets and cut Russia’s economy off from much of the Western world. …
Here is How Russia’s War in Ukraine Has Shaped Global Markets Read More »
Green hydrogen was meant to clean up dirty sectors like steel and shipping. But costs are high, investment is falling, and projects are stalling. Is it the fuel of the future — or a climate bet gone bad? By Keira Wright and David R Baker A train powered by fuel cells which convert hydrogen to …
Is The World’s Green Hydrogen Dream Fizzling Out? Read More »
The International Energy Agency forecasts a surplus approaching 3 million barrels a day by next year. By Grant Smith Saudi Arabian Oil Co. workers in the Khurais oil field. Photographer: Maya Sidiqqui/Bloomberg The impact of this year’s dramatic policy reversal by OPEC+ is now becoming clear. This week’s reports from two of the oil industry’s …
OPEC+ Reshaped the Calculus for Oil Markets and Spawned a Record Glut Read More »
