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Nigeria oil enters unclear new era after Shell’s onshore asset sale

30/01/2024

Shell’s exit from Nigeria’s onshore oil sector highlights risks oil majors face in Africa’s biggest exporter but has raised hopes

OPEC: Oil market outlook for 2025

30/01/2024

World economic growth in 2025 is forecast at 2.8%, which points to an improving trend compared to this year’s expected level of 2.6%. Supporting this is an anticipated recovery in OECD economies from low growth in 2024. Non-OECD economies –

Russia’s Urals oil rises above $60 Western price cap as Brent strengthens

30/01/2024

Russia’s Urals oil price rose above the $60 a barrel cap imposed by Western nations on Monday as Brent climbed,

Middle East Crude-Benchmarks advance as Red Sea conflict escalates

30/01/2024

Middle East crude benchmarks Oman, Dubai and Murban rose at the start of the week, buoyed by heightened geopolitical risk

Asia Distillates-Markets mixed, jet fuel deal emerges and regrade hit 4-mth high

30/01/2024

Asia’s middle distillates markets were mixed as thin spot physical trading liquidity for gasoil persisted, despite a jet fuel physical

Europe Gas: Prices firm on LNG supply concerns

30/01/2024

Dutch and British wholesale gas prices registered gains on Monday morning on concern over U.S. liquefied natural gas (LNG) supplies,

W. Africa Crude-Nigerian offered higher, Girassol offer trimmed

30/01/2024

Offers for Nigerian crude were higher than previously heard on Monday on solid demand, while Angolan Girassol was being offered

Asia Naphtha/Gasoline-Naphtha crack jumps as Red Sea tensions escalate

30/01/2024

Asia’s naphtha markets gained further on Monday after a naphtha tanker owned by Trafigura was hit by attacks in the

North Dakota oil output down less than 5% after extreme cold

30/01/2024

Less than 5% of North Dakota’s oil output remained shut in due to extreme cold weather and operational challenges, the

US natgas prices drop 10% on contract expiry, Freeport LNG unit outage

29/01/2024

U.S. natural gas futures plunged about 10% on Monday in light trade ahead of contract expiration on an extended outage

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