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New mega cartel is emerging in oil markets

Almaty. April 30. KazTAG - China and India—two of the world’s largest oil importers and the biggest demand growth centers globally—are close to setting up an oil buyers’ club to have a say in the pricing and sourcing of crude oil amid OPEC’s cuts and U.S. sanctions on Iran and Venezuela, Indian outlet livemint reports, citing three officials with knowledge of the talks, reports OilPrice.com.

read more... 30/04/2019

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Daily (29.04.2019): Crude oil prices plunged by almost 3% on Friday, after Donald Trump urged OPEC countries to raise output

Crude oil prices lost ground on Friday, after Donald Trump urged OPEC countries to raise output as to stop further gains in crude prices. Brent crude plunged by 3% to $72.15 a barrel, while WTI futures traded 2.9% lower at $63.30 a barrel.

read more... 29/04/2019

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Daily (23.04.2019): Oil prices surged by 2.9% on Monday after U.S. commitment to cancel waivers on Iranian crude imports

Crude oil prices jumped to a 2019 high on Monday, on prospects of a tighter supply raised by U.S. commitment to end all sanction waivers as of May 1 for the eight countries that import Iranian oil. Ongoing U.S. sanctions against Iran and Venezuela, as well as OPEC’s production cuts also supported prices. Brent crude soared by 2.9% to $74.04 a barrel, while WTI futures surged by 2.4% to $65.55 a barrel.

read more... 23/04/2019

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Repsol Sinopec eyes extra 10 million barrels from North Sea assets

Repsol Sinopec Resources UK has started working on projects across a number of its assets in the UK North Sea that should realize in the region of an additional 10 million barrels of oil equivalent (boe), beginning later this year.

read more... 22/04/2019

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Daily (18.04.2019): EU carbon prices climbed by 1.7% on Wednesday, amidst tighter supply and bullish gas prices

Crude oil prices edged lower on Wednesday, as EIA announced that U.S. crude stocks fell less than anticipated. Meanwhile, OPEC supply cuts and U.S sanctions limited losses. As a result. Brent crude slipped by 0.1% to $71.62 a barrel, while WTI futures traded 0.5% lower at $63.76 a barrel.

read more... 18/04/2019

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