With the economy and comfort in mind, China’s purchases of discounted Russian coal hit a five-year high in July 2022
OPEC+ member Saudi Arabia clamours for lower crude oil production going forward Are higher crude oil prices in the pipeline?
Oil trading was weak and directionless on Friday amid signs of a ceiling forming over oil prices as analysts saw reasons to reduce their oil price forecasts.
EU gas prices will not get relief from a major Iran-Russia natural gas project because sanctions against the two countries will block vital equipment, a report says.
Oil trading turned negative this week on dismal economic data from the UK, the US and China, threatening a recession that would drag down demand for oil. Read more…
Conflicting demand forecasts by IEA, OPEC shows uncertainty’s destabilising the market
Russia and the US shipped more diesel to Europe in July, but that is unsustainable XXXX
Australian pension fund NGS Super latest to to make the move, with sell-offs of oil and gas stocks to build a cleaner portfolio
Light crude from the kingdom will cost 50 cents more per barrel for September cargoes
Japanese supplier Osaka Gas cuts profit outlook by 62% to JPY31.5bn on Freeport woes
Rains have hit mobility and construction activity, and the demand for transport fuels
Global coal use in 2022 set to match the record level it reached nearly a decade ago
Green energy development in the US dropped by 55% during the quarter through June
Analysts also predict a dependence on coal to hit China’s natural gas usage in 2022
The price of oil has been drifting lower for more than a month now, crude oil futures bounce back in early trading.