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UAE Boosts Imports of Iraqi Crude After Oil Refinery Upgrade
The United Arab Emirates is buying more oil from energy-rich neighbors after a refinery upgrade allowed the country to process a wider variety of barrels. Abu Dhabi National Oil Co. purchased a second cargo of Iraqi crude in May after receiving a first consignment in April, according to ship-tracking data compiled by Bloomberg. The tanker Spyros transported about 1 million barrels from Iraq’s Basrah terminal to Abu Dhabi, the data show. Both cargoes were Basrah Heavy crude, people with knowledge of the shipments said. The same tanker also brought oil from Saudi Arabia to the UAE earlier in May, according to ... (full story)
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From inegi.org.mx|Jun 11, 2024The National Institute of Statistics and Geography (INEGI) presents the results of the Monthly Industrial Activity Indicator (IMAI). This allows us to know and monitor the ...
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From @financialjuice|Jun 11, 2024post: OPEC LEAVES 2025 WORLD OIL DEMAND GROWTH FORECAST UNCHANGED AT 1.85 MBPD.Monthly Oil Market Report In May, the OPEC Reference Basket (ORB) declined by $5.53, or 6.2%, m-o-m, to average $83.59/b. Oil futures prices declined, with the ICE Brent front-month contract falling by $6.00, or 6.7%, m-o-m, to average $83.00/b, and the NYMEX WTI front-month contract falling $5.77, or 6.8%, to average $78.62/b. The DME Oman front-month contract fell by $5.63, or 6.3%, m-o-m, to average $83.74/b. The front-month ICE Brent/NYMEX WTI spread narrowed by 23¢ to average $4.38/b. The price structure of ICE Brent and NYMEX WTI weakened and money managers were bearish amid heavy selling. The premium of light sweet to medium sour crudes narrowed further across all major trading hubs on a weaker light sweet market. post:
OPEC LEAVES 2024 WORLD OIL DEMAND GROWTH FORECAST UNCHANGED AT 2.25 MILLION BPD - MONTHLY REPORT **OPEC LEAVES 2025 WORLD OIL DEMAND GROWTH FORECAST UNCHANGED AT 1.85 MBPD **OPEC TRIMS ESTIMATE OF Q1 2024 TOTAL OIL DEMAND BY 50,000 BPD TO 103.51 MILLION BPD; INCREASES Q2…
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From rystadenergy.com|Jun 11, 2024The value-chain emissions of liquified natural gas (LNG) are lower on average than for coal-fired power generation, even when the fuel is shipped over long distances, according to ...
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- Posted: Jun 11, 2024 8:39am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 267
