Category: Oil
-
Azerbaijani oil continues flowing to Israel via Turkey
•
Türkiye has not yet stopped loading oil tankers in the port of Ceyhan heading to Israel, according to Israeli sources. Azerbaijan is an important supplier of oil to Israel, via the Baku-Tbilisi-Ceyhan (BTC) pipeline, at the end of which the oil is loaded onto tankers that transport it to Haifa.…
-
Sunak to Allow Oil and Gas Exploration at Offshore Wind Sites
•
In a significant move likely to spark controversy, the government is set to allow fossil fuel companies to conduct oil and gas exploration under offshore wind sites for the first time. The announcement, scheduled for Friday, has drawn criticism from environmentalists, who say it signals a departure from the climate…
-
Crude oil trading at session lows going into the settlement
•
Crude oil The price of crude oil is trading in the most settled session. The price just reached $78.21. This decreased by $0.74 per day. Looking at the daily chart, the price is moving to new lows during the week and new lows dating back to March 13th. It is…
-
Oil adds to week’s sharp loss as rollover of OPEC output cuts may meet resistance
•
Slavko Sereda/iStock via Getty Images Oil prices recorded their biggest weekly loss in three months, as the market, already concerned about weak demand, dealt with growing speculation that an OPEC meeting in June could expose cracks in the alliance, with the United Arab Emirates saying it would… Increasing production capacity.…
-
Weak diesel market adds to concerns about global oil demand (NYSEARCA:USO)
•
Slavko Sereda/iStock via Getty Images Crude oil futures ended little changed on Thursday, as a surprisingly large build in US inventories that raised concerns about demand and a potential ceasefire in the Middle East hampered any potential recovery from yesterday’s sharp losses. Dip in Global demand for diesel is also…
-
Oil prices tumble to seven-week lows on surprise build in U.S. crude stocks (NYSEARCA:USO)
•
Slavko Sereda/iStock via Getty Images Crude oil futures fell to their lowest levels in seven weeks on Wednesday after US data showed a sudden and sharp weekly increase in crude oil inventories, as exports fell and refineries reduced their capacity use. The US Energy Information Administration reported Crude oil stocks…