Energy – OPEC+ struggles While a risk-on move lifted most risk assets yesterday, oil was left behind thanks to OPEC+
Several OPEC+ members will suggest accelerating oil output hikes in June for a second consecutive month, three sources familiar with
Crude burn—the direct use of crude oil in power plants and industrial facilities, primarily for electricity generation—has long been a
Kazakhstan will prioritise national interests over those of the OPEC+ group when deciding on oil production levels, the country’s newly
Investors are expecting top U.S. refiners to report quarterly losses, even as their margins improve, as they brace for the
Dutch and British wholesale gas prices inched up on Wednesday morning but remain rangebound, lacking a clear direction.
The benchmark Dutch
Norway’s combined oil and gas production declined by 4.9% in March but still exceeded an official forecast for the month
Asia’s naphtha refining profit margin was steady on Wednesday after window activity remained thin for a fourth straight session, but
Middle East crude benchmark spot premiums of Dubai and Murban dipped on Wednesday, while that of Oman nudged up.
Oil prices
Saudi Arabia’s crude oil production rose to 8.95 million barrels per day in February, marking a 0.34 percent monthly increase,