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Big Players Lock In Cheap Oil Before the Tide Turns
19 Sep 2024 01:22 GMT
… benchmark slumped below $70 per barrel last week.
Swap dealers’ … to below $70 per barrel amid concerns about global … downward revision to oil demand growth estimates by OPEC.
On September … and options in the most traded petroleum contracts last week.
For …
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FUJAIRAH DATA: Oil product stockpiles resume decline
19 Sep 2024 00:20 GMT
… fuel oil in shipping and is also in limited supply, traders said … , while backlogs in refueling with low sulfur fuel oil for … .
Product exports from Fujairah rose to 3.9 million barrels in the …
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Oil prices fall as US rate cut fails to boost market sentiment
19 Sep 2024 01:01 GMT
…
BEIJING (Reuters) - Oil prices fell in Asian trading on Thursday after … .46%, to $73.31 a barrel by 0015 GMT, while WTI … declined to $70.49 a barrel, down 42 cents or 0 … said Chinese oil demand may rebound by 300,000 barrels per day …
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Oil prices fall as Fed rate cut stirs economic worries, storage report mixed
18 Sep 2024 23:14 GMT
… 1.6 million barrels to 417.5 million barrels in the week … poll for a 500,000-barrel draw.
The crude draw, … more supportive of oil prices than Tuesday’s American Petroleum Institute figures … and a negative shift in traders’ sentiment have contributed to the …
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Oil producers predict another decade of Bakken drilling before shifts in recovery methods
18 Sep 2024 23:50 GMT
… an additional 1 billion barrels of oil can be produced … regulatory approval. The Federal Trade Commission has applied more … regulatory affairs manager for the Petroleum Council.
Larger companies like … role in policymaking.
"Trade groups are so important …
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Oil steadies ahead of Fed decision while demand concerns persist
18 Sep 2024 23:02 GMT
… this week.
Brent traded near $73 a barrel after rising by 1 … tailwinds for energy demand.
Oil has lost around 15% this … Positioning of trend-following commodity trading advisers is close to their … stocks.”
In Europe, major oil refineries are cutting how much …
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Oman posts RO 3.6 billion trade surplus
18 Sep 2024 23:37 GMT
MUSCAT: Oman's trade balance recorded a surplus of … RO 59 million.
On the import side, mineral products topped the … RO 750 million. Transportation equipment imports increased by 4.9% to … ;s top non-oil trading partner, with non-oil exports to the UAE rising …
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Examining the impact of the NNPC’s $6bn debt on the Nigerian oil industry
18 Sep 2024 23:24 GMT
… , an umbrella organization for trade unions, has called on … the biggest crude oil producers and exporters in Africa, and … maintain a consistent supply of petroleum products nationwide”.
According to … out of its reliance on oil imports, which are managed solely …
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Ministry of Trade: Jamaica, Trinidad and Tobago relationship growing
18 Sep 2024 22:12 GMT
… Karim, Permanent Secretary, Ministry of Trade and Industry; Natalie Campbell-Rodrigues … Tobago imports bunker oil from Jamaica. Karim said from 2018 to present exports … and Tobago is the largest importer of condensed milk in the …
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Reversal of oil cuts to fuel GCC growth in 2025
18 Sep 2024 21:26 GMT
… the reversal of oil production cuts by Opec+.
“Strong domestic … These sectors, including tourism, trade, and finance, are becoming crucial … production output to 4 million barrels per day by 2035. … upside potential for oil production and exports in the medium …