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Russia says OPEC+ ceding oil market share for long-term stability

04/10/2024

OPEC+ is strategically reducing oil supply and ceding market share with a long-term view so that the producing countries secure

Asia Distillates-Market structure pares recent gains

04/10/2024

The market structure for the middle distillates complex pared back from its recent strength, with timespreads narrowing for prompt-month contracts

Secure gas and LNG value chains call for greater international co-operation

04/10/2024

The architecture of global gas supply security needs to be carefully reassessed

Russia’s full-scale invasion of Ukraine in 2022 triggered the first truly global gas crisis, with natural gas and LNG markets contending with supply disruptions and unprecedented price volatility.

The gas

Westwood Insight – The North Sea semisub market may seem buoyant, but looks can be deceiving

04/10/2024

The North Sea semisubmersible (semisub) market hit 100% utilisation at the height of summer this year, however the reality is that shrinking supply has accentuated this, rather than soaring demand. Drilling contractors have and are continuing to recycle units that

OPEC oil output drops in September on Libyan outage, Reuters survey finds

04/10/2024

OPEC oil output fell in September to its lowest this year, a Reuters survey found on Thursday, as unrest disrupted

Middle East Crude-Benchmark premiums little changed while Murban gains

03/10/2024

Spot premiums for Middle East crude benchmarks Oman and Dubai were little changed on Thursday while Murban premiums gained after

US natgas prices gain over 2% ahead of weekly storage report

03/10/2024

U.S. natural gas futures rose more than 2% on Thursday aided by forecasts for higher demand next week and as

Oil climbs on prospects of wider MidEast war, ample supply caps gains

03/10/2024

Oil prices rose on Thursday as the prospect of a widening Middle East conflict that could disrupt crude oil flows

The Commodities Feed: Markets await Israeli response

03/10/2024

Energy – Iranian supply risk & Saudi unhappiness
Oil prices continued their move higher yesterday amid the uncertainty over how Israel

Russia’s Novak says market wary of oil supply cuts due to Middle East conflict

03/10/2024

Russian Deputy Prime Minister Alexander Novak said on Wednesday that oil prices have increased as markets do not rule out

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