Chinese ferrous futures fell today in response to sharply lower crude prices, but erased much of the morning falls as outlooks remain firm for steel demand.
News ID: 8659 Publish Date : 2020/03/09
Today's scheduled meeting between Opec and allied non-Opec producers in Vienna has been delayed as various non-Opec participants hold bilateral discussions.
News ID: 8586 Publish Date : 2020/03/06
The fuel oil market is not likely to see large price swings with new marine fuel sulphur regulations that took effect at the beginning of 2020, given minor price changes for the compliant fuel in the weeks leading up to the change.
News ID: 8203 Publish Date : 2020/01/03
Global oil inventories could increase by 700,000 b/d in the first quarter next year, despite deeper output cuts agreed last week by the Opec+ alliance of producer countries, the IEA said today in its latest Oil Market Report (OMR).
News ID: 7926 Publish Date : 2019/12/12
Tens of thousands of ships sailing the world’s oceans burn more than 3 million barrels of sludge-like high-sulfur fuel every single day. But, starting next year, the shipping industry will have to comply with rules that should dramatically reduce sulfur emissions.
News ID: 5213 Publish Date : 2019/07/16
The global oil market is “unstable and fragile”. Oil Minister Bijan Namdar Zanganeh told his Russian counterpart Alexander Novak in a meeting in Tehran on Monday, Shana, the Oil Ministry's news portal, reported.
News ID: 4843 Publish Date : 2019/06/19
OPEC and its allies will probably achieve their goal of draining oversupply from the oil market and boosting prices by next month, says Jeff Currie, global head of commodities research at Goldman Sachs.
News ID: 3863 Publish Date : 2019/03/06
The three most closely watched oil market forecasters are all bracing for a significant upsurge in non-OPEC supply growth in 2019 but differ on the extent that global oil supply will outweigh demand.
News ID: 3651 Publish Date : 2019/02/17
Aflurry of intensifying risks could trigger an energy market "crunch" over the coming months, according to the chief executive of BP.
News ID: 3615 Publish Date : 2019/02/14
Oil ministers from leading OPEC nations said Sunday they expect prices will arrest their recent slide and rebalance early next year when a deal on new production cuts takes effect.
News ID: 3067 Publish Date : 2018/12/25
Contrary to initial reports that OPEC will not make public the country quotas in the new production cut deal, the organization now plans to publish a table of each OPEC and non-OPEC individual quotas in an attempt to inject some positive sentiment in a crashing oil market , OPEC’s Secretary General Mohammad Barkindo wrote in a letter seen by Reuters.
News ID: 3038 Publish Date : 2018/12/23
Oil markets look ‘adequately supplied for now’ after a big increase in production over the last six months but the oil industry is coming under strain as it copes with increasing global demand, the West’s energy watchdog said on Friday.
News ID: 2421 Publish Date : 2018/10/12