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[l] at 3/28/24 4:00pm
Middle East crude benchmark Dubai climbed on Thursday, the last trading day for the month, after PetroChina snapped up three cargoes from Vitol on the Platts window. SINGAPORE CASH DEALS Cash Dubais premium to swaps rose 22 cents to $1.26 a barrel. A total of 112 Dubai partials were traded, leading Vitol to deliver one ...

[Category: Oil & Companies News, ΒunkerportsnewsΠρώτηΣελιδα]

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[l] at 3/28/24 4:00pm
The collapse of the Francis Scott Key Bridge into the Patapsco River on March 26 has temporarily halted all shipping traffic from the Port of Baltimore. In this article, we examine implications for energy-related trade. The port is the second-largest exporting hub for coal in the United States, accounting for 28% of total coal exports ...

[Category: Oil & Companies News, ΒunkerportsnewsTop, Πρώτη σελιδα]

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[l] at 3/28/24 4:00pm
Russia is selling Urals oil to India well above a Western price cap despite payment delays and difficulty finding tankers, Reuters assessments based on trade sources data showed on Thursday. Russias government has ordered companies to reduce oil output in the second quarter to ensure they meet a production target of 9 million barrels per ...

[Category: Oil & Companies News, ΒunkerportsnewsΠρώτηΣελιδα, Πρώτη σελιδα]

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[l] at 3/28/24 4:00pm
Oil prices rose by more than $1 a barrel on Thursday, after falling for two consecutive sessions, as investors anticipated tighter supplies given the OPEC+ producer alliance is widely expected to stay the course on its current production cuts. Brent crude futures for May were up $1.21, or 1.4%, at $87.30 a barrel, while the ...

[Category: Oil & Companies News, Βunkerportsnews]

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[l] at 3/28/24 12:00pm
Kremlin spokesman Dmitry Peskov said on Thursday that Russia was working with partners amid unprecedented pressure from the U.S. and European Union after Reuters reported Moscow was experiencing some delays for oil payments. Reuters reported that Russian oil firms face delays of up to several months to be paid for crude and fuel as banks ...

[Category: Oil & Companies News, ΒunkerportsnewsΠρώτηΣελιδα, Πρώτη σελιδα]

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[l] at 3/28/24 12:00pm
The Biden administration on Wednesday awarded contracts to buy 2.8 million barrels of oil for the governments emergency reserve for more than $81 a barrel, $2 above the target purchase price. The Department of Energy (DOE) said it will spent $225.6 million to buy oil to refill the Strategic Petroleum Reserve (SPR) from Atlantic Trading ...

[Category: Oil & Companies News, ΒunkerportsnewsΠρώτηΣελιδα, Πρώτη σελιδα]

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[l] at 3/28/24 8:00am
The energy industry’s big Houston confab CERAWeek ends Friday. Perhaps it’s more accurate to say conferences, as oil, gas, and renewable power executives examined the same set of facts and expounded on why their own industry is better and more important than others. They can’t all be winners. The future of low cost points to ...

[Category: Oil & Companies News, ΒunkerportsnewsΠρώτηΣελιδα, Πρώτη σελιδα]

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[l] at 3/28/24 8:00am
Shackled by Western sanctions, Irans oil sector has been largely stuck in neutral, restricted from much-needed foreign investment to reinvigorate its mature fields and develop new finds, while its crude exports have been limited mostly to China. Despite holding some 12% of the worlds proven global oil reserves, Iran is unlikely to raise its production ...

[Category: Oil & Companies News, Πρώτη σελιδα]

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[l] at 3/28/24 8:00am
Carbon markets will play an important role in achieving climate, energy security, and sustainable development goals by boosting the efficiency of energy transitions and raising money for clean energy projects, according to Joseph McMonigle, Secretary General of the International Energy Forum. Mr McMonigle was speaking at the launch of a new report entitled The Role ...

[Category: Oil & Companies News, ΒunkerportsnewsΠρώτηΣελιδα, Πρώτη σελιδα]

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[l] at 3/28/24 8:00am
The current low-carbon transition plans of 10 of Europes and North Americas biggest listed oil and gas companies are not good enough to assess the risks involved, the worlds leading investor climate action group said on Wednesday. Climate Action 100+ said the companies including Exxon Mobil (NYSE:), Shell (LON:) and Chevron (NYSE:) were assessed using ...

[Category: Oil & Companies News, ΒunkerportsnewsΠρώτηΣελιδα, Πρώτη σελιδα]

[*] [-] [-] [x] [A+] [a-]  
[l] at 3/28/24 8:00am
The U.S. said on Tuesday it does not support a Pakistan-Iran gas pipeline project from going forward and cautioned about the risk of sanctions in doing business with Tehran. WHY IT IS IMPORTANT The Pakistan-Iran gas pipeline, known as the Peace Pipeline, is a long-term project between Tehran and Islamabad, and has faced delays and ...

[Category: Oil & Companies News, ΒunkerportsnewsΠρώτηΣελιδα, Πρώτη σελιδα]

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[l] at 3/28/24 8:00am
Chinas three State-owned oil giants set new production records last year despite a slowdown in global economic growth and lower international crude oil prices, as they stepped up oil and gas exploration to ensure domestic energy security. China National Petroleum Corp, or PetroChina, saw its oil and gas equivalent production reach a new high of ...

[Category: Oil & Companies News, ΒunkerportsnewsΠρώτηΣελιδα, Πρώτη σελιδα]

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[l] at 3/28/24 5:00am
Energy – EIA reports inventory gain for the week The EIA’s weekly inventory report released yesterday was bearish, with US oil and gasoline inventories rising unexpectedly over the week. US commercial crude oil inventories (excluding SPR) increased by 3.2m barrels for the week ended on 22 March 2024, compared to the market expectation of a ...

[Category: Oil & Companies News, ΒunkerportsnewsΠρώτηΣελιδα, Πρώτη σελιδα]

[*] [-] [-] [x] [A+] [a-]  
[l] at 3/28/24 5:00am
Oil prices edged up on Thursday, following two consecutive sessions of decline, as investors reassessed the latest data on U.S. crude oil and gasoline inventories and returned to buying mode. Brent crude futures for May were up 40 cents, or 0.5%, at $86.49 a barrel while the more actively traded June contract rose 36 cents, ...

[Category: Oil & Companies News, ΒunkerportsnewsΠρώτηΣελιδα, Πρώτη σελιδα]

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[l] at 3/28/24 5:00am
Oil and gas production in Texas, Louisiana and New Mexico decreased in the first quarter of 2024, the Federal Reserve Bank of Dallas said on Wednesday in its quarterly survey of energy activity. The survey of executives at 147 energy firms suggested a small decline in production. A natural gas production index also turned negative ...

[Category: Oil & Companies News, ΒunkerportsnewsΠρώτηΣελιδα, Πρώτη σελιδα]

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[l] at 3/28/24 5:00am
Global crude oil prices rose sharply by 5.9 per cent over the past month crossing the $86 per barrel mark for the first time since November 2023 responding to seasonal tightening in physical markets, supply cut extensions, and a pick-up in geopolitical tensions. According to a report by ICICI Bank Research, the upside bias is ...

[Category: Oil & Companies News, ΒunkerportsnewsΠρώτηΣελιδα, Πρώτη σελιδα]

[*] [-] [-] [x] [A+] [a-]  
[l] at 3/28/24 5:00am
Russian natural gas production rose by 10% in the first two months of this year from the same period a year ago to 131.5 billion cubic metres (bcm), Kommersant newspaper reported on Wednesday, citing sources familiar with energy ministrys statistics. It said natural gas production in February alone increased by 13.8% to 64.5 bcm from ...

[Category: Oil & Companies News, ΒunkerportsnewsΠρώτηΣελιδα, Πρώτη σελιδα]

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[l] at 3/27/24 4:00pm
Oil prices fell for the second consecutive session on Wednesday as the dollar strengthened and government data showed a surprise jump in U.S. crude and gasoline stocks. Brent crude futures for May were down 49 cents, or 0.6%, at $85.76 a barrel at 1:07 p.m. ET (1707 GMT) while the more actively traded June contract ...

[Category: Oil & Companies News, Βunkerportsnews]

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[l] at 3/27/24 4:00pm
Energy sector investments worth $14 trillion are needed to match the expected global oil demand of 116 million barrels per day by 2045, according to an OPEC expert. Ayed Al-Qahtani, director of the research division of the Organization of the Petroleum Exporting Countries, said that the required funding translates to an average of $610 billion ...

[Category: Oil & Companies News, ΒunkerportsnewsΠρώτηΣελιδα, Πρώτη σελιδα]

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[l] at 3/27/24 4:00pm
U.S. crude oil and gasoline inventoriesrose unexpectedly last week driven by a rise in crude imports and sluggish gasoline demand,the Energy Information Administration said on Wednesday. Crude inventories rose by 3.2 million barrels to 448.2 million barrels in the week ended March 22, the EIA said, compared with analysts expectations in a Reuters poll for ...

[Category: Oil & Companies News, ΒunkerportsnewsΠρώτηΣελιδα, Πρώτη σελιδα]

[*] [-] [-] [x] [A+] [a-]  
[l] at 3/27/24 4:00pm
Russian oil firms face delays of up to several months to be paid for crude and fuel as banks in China, Turkey and the United Arab Emirates (UAE) become more wary of U.S. secondary sanctions, eight sources familiar with the matter said. Payment delays reduce revenue to the Kremlin and make them erratic, allowing Washington ...

[Category: Oil & Companies News, ΒunkerportsnewsΠρώτηΣελιδα, Πρώτη σελιδα]

As of 3/29/24 7:18am. Last new 3/28/24 5:26pm.

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