Browsing: Market News

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Bear Flags Point to Deeper Downside The latest breakdown extends a sharp three-day slide, confirming aggressive selling pressure. Support at…

The European Union announced on Thursday that it will lock in its deadline to phase out Russian oil and gas…

Tanker markets staged a comeback in August, and this time the rebound wasn’t subtle. Suezmax rates shot up 34% month-on-month,…

OPEC’s view of global oil demand growth was left unchanged as of today’s September Monthly Oil Market Report, at 1.3…

Saudi Arabia’s crude shipments to China are expected to rebound in October to a level with the August volumes of…

Iraq plans to build an oil pipeline to Oman as OPEC’s second-largest producer seeks to boost exports and diversify export…

Russia’s crude and fuel export revenue slumped by $920 million in August compared to July, the International Energy Agency (IEA)…

OPEC+ Output Increase Counters Middle East Risk Premium The International Energy Agency warned Thursday that global oil supply is expected…

Aramco has urged Asian buyers to buy more Saudi crude for October loading after the world’s top crude exporter slashed…