The inclusion of US WTI crude in the North Sea Dated basket has resulted in a desired boost to the benchmark's volumes and liquidity.
July 30, 2023
Nigerian crude is encountering a series of obstacles, with shipping tax claims and the blending of US WTI and Brazilian sour grades exacerbating existing challenges.
July 30, 2023
Colombia's Ecopetrol is sustaining sales to Asia at approximately 45% of its crude oil production.
July 30, 2023
The US is experiencing a surge in crude oil imports from Mexico, with July's imports reaching approximately 770K b/d.
July 30, 2023
Guyana, home to significant oil discoveries, is not interested in joining OPEC as it seeks to maximize its oil production and economic growth.
July 30, 2023
Futures prices for ICE Brent, NYMEX WTI, and DME Oman crudes rose for the fourth consecutive week during the period ending July 21.
July 23, 2023
The main price drivers for futures prices for ICE Brent, NYMEX WTI, and DME Oman crudes during the period ending July 14 included a weakening US dollar, data showing mild inflation in the US, forecasts for higher oil demand, and the ongoing OPEC+ output cuts.
July 16, 2023
The Kingdom's previously announced 1MM-b/d production cut was scheduled to begin on July 1, pushing sentiment to the bullish side.
July 09, 2023
Signs of tightening oil supplies helped to push futures prices higher for ICE Brent, NYMEX WTI, and DME Oman crudes but persistent concerns over interest-rate hikes prevented stronger week-on-week gains.
July 02, 2023
After market watchers had been feeling more positive about China's demand recovery in the previous period, data on the country's factory and retail sectors that was released during the week ending June 23 painted a less-rosy picture.
June 25, 2023
