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Atef Hassan/Reuters Roughly 1 million barrels of Russian crude could be redirected come 2023 as Europe's new sanctions kick in. Energy research firm Kpler broke down potential destinations where Russian oil could pivot to as Moscow seeks new markets. Those nations include Indonesia, Pakistan, and Brazil, among others. Once Europe's partial ban on Russian oil […]
Russia has rerouted its oil exports away from Europe towards Asia. Suriyapong Thongsawang/Getty Images China's imports of Malaysian crude oil have soared to nearly 800,000 barrels per day, according to data compiled by Bloomberg. That's more oil than what Malaysia actually produces on its own, suggesting some crude arrived from other sources. The waters off […]
Good Morning Britain presenter Susanna Reid was shocked by her co-host for the day, Piers Morgan. During the entertainment segment, which was reported on by Richard Arnold, Piers was keen to remind viewers of the BAFTA nomination the show had received earlier this week. He thought it was the perfect opportunity to make a crude […]
Oil prices crashed to new one-year lows on Tuesday, dragged down by a deepening sense of global economic gloom as well as fears of oversupply in the oil market itself. The reasons for the sudden meltdown were multiple. Rising crude oil inventories and expected increases in shale production weighed on oil prices, but the price […]
China’s crude oil imports averaged more than 10 million bpd for the first time ever in November, as they beat the previous record for highest crude imports set in October, according to Chinese customs data, as carried by Reuters. Chinese crude oil imports surged to an all-time high of 10.43 million bpd (barrels per day) […]
Ulet Ifansasti/Getty Crude oil futures have spiked in early trade on Monday, finding support on reports that Saudi Arabia will cut production levels in December. Both WTI and Brent futures are up 0.75%, having jumped more than 1% in initial trade. RBC Capital Markets says the likelihood of an official production cut at OPEC’s December […]
20th Century Fox “Deadpool 2” is a worthy follow-up to the hit original movie. There are even more crude jokes in this one, and thanks to the director of “John Wick” taking over, the fight scenes are even more insane. There certainly is a lot of pressure put on the sequel to the 2016 box-office […]
In 1995 it was directed at the National by Anthony Page, with a cast led by Judi Dench at her incandescent best. It is now revived by Joe Hill-Gibbins, a director who, in my experience, doesn’t ask what he can do for a play so much as what he can do to it. From the […]
Crude oil exports implemented via Eastern Siberia–Pacific Ocean (ESPO) oil pipeline may substantially benefit from yuan-denominated oil futures launched by China last month, according to industry experts. If the new product manages to succeed, price pegging of the Russian ESPO export blend to the China contract will favorably influence the Russian oil blend price. The […]
Ulet Ifansasti/Getty Despite growing US shale supply, it looks like OPEC’s attempts to rebalance crude markets has succeeded. As seen in the chart below from the Commonwealth Bank, stockpiles of oil inventories held by OECD nations is now back at the average level seen over the past five years.See the rest of the story at […]
