Oil Prices Are Likely To Rise Anytime Soon
Rising supply from both OPEC+ and non-OPEC+ producers, slowing demand growth after the peak summer consumption, and uncertainties…
Gulf Countries Respond to U.S. Trade Pressure With Trillion Dollar Plans
Over the past decade, the Gulf Cooperation Council (GCC), comprising Saudi Arabia, Qatar, the UAE, Bahrain, Kuwait, and…
ADNOC signs 15-year LNG supply deal with IndianOil
ADNOC announced a 15-year Sales and Purchase Agreement (SPA) with Indian Oil Corporation Ltd (IndianOil), India’s largest integrated…
Why Model-Based Oil Forecasts Keep Missing the Mark
Last week, oil traders cut their bullish bets on crude to the lowest in 16 years on expectations…
Brent Oil Slips to Rare Discount to Dubai Crude Benchmark
Fears of a coming oversupply are weakening the Brent futures structure, while increased appetite for Middle Eastern crude…
Crude oil prices climb to $67.86 amid supply concerns, attacks on Russian infrastructure
Federal Reserve signals potential interest rate cuts, boosting market optimism about economic growth Oil prices showed slight gains…
Santos Shares Rise as First-Half Earnings Beat Estimates
(Bloomberg) — Santos Ltd. shares rose after the Australian oil and gas producer reported earnings that beat expectations,…
Oil, Gas To Remain Dominant With Over 50 Pct Share Of Energy Mix
(MENAFN– Kuwait News Agency (KUNA)) KUWAIT, Aug 24 (KUNA) — Arab Energy Organization (AEO) Secretary-General Jamal Al-Loughani emphasized…
Macquarie Hires Equinor’s Ravelli as Global Head of LNG
(Bloomberg) — Macquarie Group Ltd. has hired Samuele Ravelli to lead its global LNG trading business as the…
Why oil price smile could leave traders in tears
A glaring mismatch between benchmark oil prices and expectations of a looming supply overhang has created an imbalance…
EU Fails in Bid to Add Joint Debt to Key Sovereign Index
(Bloomberg) — Intercontinental Exchange Inc. will not add European Union joint debt to its sovereign bond indexes in…
Treasuries Edge Higher, Asian Shares Rise on Japan: Markets
(Bloomberg) — Treasuries edged up to recover some of their losses from a higher US inflation print, which…