Browsing: Oil market

The global oil market will face a supply shortage by the end of 2025 as crude reserves are not being replaced fast enough, Vicki Hollub, the CEO of US energy firm Occidental, warned in an interview with CNBC published this week. 

LONDON – Global shares stood their ground on Friday after Wall Street scaled new heights, with looming U.S. inflation data set to help investors update their bets on interest rate cuts and steer the dollar’s direction.

Maritime exports or Russian crude oil saw a strong recovery in the week to February 4 after two weeks of disruptions, Bloomberg reported on Tuesday, adding that the flows from the country’s major ports were record-equaling.

SINGAPORE: Oil prices gained on Tuesday following a more than 1 percent drop the previous session as escalating geopolitical tensions in major producing region the Middle East fueled supply concerns, according to Reuters.

Reshetnikov added that Moscow started to buy more textiles, rice, fruit and rum from Myanmar

Around 33% of all seaborne oil exports from the sanctioned country have been transported on tankers with British insurance, a report has found

MOSCOW, January 16. /TASS/. The price of Brent and WTI crude oil futures with March on London’s ICE reacted with a decline to the news that the Houthis from the Yemeni rebel movement Ansar Allah confirmed an attack on the bulk carrier Zografia off the coast of Yemen.

The upward moves in crude prices have so far shown no signs of panic-buying, although investors remain on edge

According to the agency, last November Iran and China clinched deals for Brent oil supplies at a discount of $10 per barrel

Crude prices had previously surged nearly 3% due to ongoing tensions in the Middle East and an outage in Libya