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KUWAIT SEES SOLID OIL DEMAND IN A FAIRLY BALANCED MARKET.
Shaikh Nawaf Al-Sabah, the chief executive of Kuwait Petroleum Corporation (KPC), stated in an interview with Bloomberg that global oil demand appears strong in a balanced market this year.
- 2 years, 5 months
INDIA MAKES BOLD MOVE TO REDUCE DOLLAR DEPENDENCY IN OIL TRADE.
The Reserve Bank of India is encouraging state refiners to negotiate 10% of oil payments in rupees with Gulf suppliers to protect the rupee's value and reduce reliance on the dollar.
- 2 years, 5 months
OIL INCHES HIGHER ON FUEL INVENTORY DRAWS.
Today, crude oil prices rose after the Energy Information Administration (EIA) reported estimated inventory draws across fuels.
- 2 years, 5 months
SAUDI ARABIA'S JAFURAH GAS MEGAPROJECT, A POTENTIAL REALITY CHECK.
According to Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman, an additional 15 trillion cubic feet (tcf) of gas has been confirmed at Saudi Aramco’s Jafurah gas field.
- 2 years, 5 months
U.S ENERGY INFORMATION ADMINISTRATION (EIA) CONFIRMS MODERATE CRUDE BUILD, PRODUCTS DRAW.
Crude oil prices went lower today, after the U.S. Energy Information Administration reported an estimated inventory increase of 4.2 million barrels for the week to February 23.
- 2 years, 5 months
WTI SOARS PAST $80 PER BARREL AS OIL MARKET TIGHTENS.
The price of a WTI barrel soared to heights not seen since November as the market braces for an OPEC+ decision on oil production levels in April and beyond.
- 2 years, 5 months
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