crude oil international news

The Strait of Hormuz, the world's no.1 oil chokepoint, has been at the centre of a geopolitical game of chess for a long time, but which alternatives are there to this bottleneck? Home / HEADLINES / Purchase of Crude Oil from International Market Purchase of Crude Oil from International Market Taking advantage of the low crude oil prices in international market, India purchased 16.71 million barrels (mbbl) of crude in April – May, 2020 and filled all the three Strategic Petroleum Reserves created at Vishakhapatnam, Mangalore and Padur. The international crude oil price of the Indian basket, computed by the Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas, fell to USD 46.97 per barrel on Wednesday, compared to USD 49.22 per barrel on the previous publishing day. . Across the Gulf, the occasion was welcomed as an opportunity to reflect on…, It’s been a wild and bumpy ride for OPEC+ this year. Since then, the Chang’e 4 probe and the Yutu-2 rover it carried onboard have been…, Market Movers Learn how energy insiders think. The international benchmark for oil prices, Brent Crude futures, were up 0.1% to $46.09 a barrel on Tuesday after closing 2% higher on the previous day and 5% in the previous week. After rallying in the last few weeks, oil prices were down for a second consecutive day early on Tuesday as…, Major energy importer India and one of the world’s top liquefied natural gas (LNG) exporters, Qatar, agreed on Tuesday to…, China’s record-high imports from earlier this year continued to slow down last month along with other commodity imports, as demand…, OPEC+ appears to have played its role perfectly in the market, with oil prices steadily climbing as the industry appears…. Oil price charts for Brent Crude, WTI & oil futures. Aframax crude oil tanker AGRARI on Nov 25 was reportedly hit by a blast and suffered hull breach above waterline in Red sea at Al Shuqaiq, Saudi Arabia, while being at anchor or moored at terminal. Oil - US Crude IG Client Sentiment: Our data shows traders are now net-long Oil - US Crude for the first time since Nov 17, 2020 when Oil - US Crude traded near 4,158.50. OPEC Members Are Being Forced To Compensate For Missed Targets, The cargoes of Iranian gasoline that the United States seized more than a month ago continue to idle off the U.S. Gulf Coast amid a court battle over…, Iraq is debating whether to ask to be exempted from the oil production cuts OPEC+ agreed on this April. The materials provided on this Web site are for informational and educational purposes only and are not intended to provide tax, legal, or investment advice. Biden said he won't make CV19 vaccine mandatory . Who Will Foot The $40-Trillion Energy Transition Bill? China’s crude oil output edged up 1.4 percent year-on-year to 16.41 million metric tons in October, retreating from an increase of 2.4 percent registered in September, official data showed. Nothing contained on the Web site shall be considered a recommendation, solicitation, or offer to buy or sell a security to any person in any jurisdiction. International Business News: Oil jumped by almost 10% on Monday for its biggest daily gain in almost six months after news of a highly effective Pfizer vaccine against Covid-19 a . Geopolitics and world news analysis. Learn how to navigate energy markets. Saudi Arabia raises official January crude oil price Jerusalem Post 10:27 Saudis Raise Crude Pricing to Asia as Vaccines Buoy Oil Market BNN Bloomberg 10:06 WTI Crude Oil Speculators Edged Bullish Bets Lower After Strong Run Investing.com 08:33 This is biggest advance in crude oil since January 2009. According to the International Maritime Bureau (IMB), global pirate attacks plunged to a 25-year low, with…, Aug 07, 2020 at 13:43 | Global Risk Insights, May 25 marked the 39th anniversary of the founding of the Gulf Cooperation Council (GCC). Central Bank Digital Currencies and the Global Monetary Reset (part of “The Great Reset”), CV19 VACCINE : Medical Ethics , "Do no harm", “Cushing Oil Inventories Are Soaring Again” By Tsvetana Paraskova, UAE Oil Is A Vital Geopolitical Weapon Against China's Middle East Expansion, Why Biden’s Approach To Venezuela Is So Important For Oil Markets. . This was almost disbelievingly acknowledged by some…, As much as Russia’s dealings with its neighbors are predominantly perceived as an exercise in brandishing the good old “energy weapon”, Moscow has been having a hard time…, Russian President Vladimir Putin refuses to yield under pressure. . OPEC Members Are Being Forced To Compensate For Missed Targets. On Friday, Brent crude futures, the international benchmark, rose to just shy of $50 a barrel, a key level that could signal a sustainable return for oil companies. Somewhat less known is the story of…, One year ago in January, a Chinese robot landed on the dark side of the moon. Start your risk free trial today to receive: A couple of recent developments indicate that the energy paths of Russia and Azerbaijan, erstwhile direct competitors, are indeed converging, Iraq will draft its budget based on an average oil price of $42 per barrel for next year, oil minister Ihsan Abdul Jabbar Ismail said this weekend at an event in Baghdad, The daily American military newspaper Stars & Stripes alongside Bloomberg reports this weekend that Iran "is sending its biggest fleet yet of tankers to Venezuela in defiance of U.S. sanctions. Ship’s AIS is off during last 43 hours, as of 1440 UTC Nov 25. A bipartisan group of US senators has expressed its intent to put another spoke…, May 29, 2020 at 17:13 | Vanand Meliksetian, In the world of energy geopolitics and economics are closely linked to each other. . It's the first time in history an oil futures contract has traded at a negative price. Biden said he won't make CV19 vaccine mandatory . During the Cold War, Moscow had a significant presence…, The Real Reason Why Tesla Is Heading Towards A Trillion-Dollar Valuation, The Next Generation Of Energy Giants Aren’t Pumping Oil, How China Took Control Of Exxon’s Supergiant Iraqi Oilfield, OPEC+ Finally Reaches Deal On 2021 Oil Output Cuts, The Worrying Truth About The New OPEC+ Agreement, The EV Revolution Could Create 20 Million New Jobs, Why The Oil Industry Is Set To Thrive For Decades To Come, The True Cost Of The Global Energy Transition. 2020-12-02 08:23:00 International Crude Oil Brokerage Group (ICOB Group) provides highly credible and committed global crude oil, refined and related products buyers and seller brokers and facilitators. Crude oil prices & gas price charts. BUT . International crude oil prices have risen 19 per cent in the last four trading session as weakness in dollar helped commodities. Reports say it was allegedly, a mine blast. The materials provided on this Web site are for informational and educational purposes only and are not intended to provide tax, legal, or investment advice. . Central Bank Digital Currencies and the Global Monetary Reset (part of “The Great Reset”), CV19 VACCINE : Medical Ethics , "Do no harm", “Cushing Oil Inventories Are Soaring Again” By Tsvetana Paraskova, Oil Is Key In Russia’s Rapprochement With Azerbaijan, The 'Biggest Ever' Flotilla Of Iranian Tankers Is En Route To Venezuela, Access to over 5000 premium energy and investment articles, Weekly updates from one of the world's top traders, An exclusive report on the next trillion dollar energy investment sector. Polymerupdate provides Real time, International News and Prices for all Polymers, Petrochemicals and Solvents on a Daily Basis Polymer Exchange. ’ s AIS is off during last 43 hours, as of 1440 Nov! Of Indian basket drops to $ 46.97/barrel can unsubscribe at any time commodities! 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