Oil and Gas

Chinese headwinds blow over oil, despite progress on debt ceiling law

Legislation negotiated by President Joe Biden and House Speaker Kevin McCarthy to raise the US debt ceiling by $31.4 trillion cleared a significant hurdle as it was approved by the Rules Committee

May 31, 2023

News

Initial US Debt Ceiling Deal Drives Oil Higher

US President Joe Biden and House Speaker Kevin McCarthy reached an agreement in principle to suspend the government’s debt ceiling of $31.4 trillion. Both said they were confident Sunday that Democratic and

May 29, 2023

News

US crude poised for small weekly losses

As of 0300 GMT, Brent crude fell 51 cents, or 0.7%, to $75.75 a barrel, while US West Texas Intermediate crude fell 30 cents, or 0.4%, to 71, $53 a barrel. US

May 26, 2023

News

Erdogan Rival: Turkey’s Russian Gas Hub Plan Is ‘Surrender’

Opposition candidate Kemal Kılıçdaroğlu called Turkey's planned natural gas hub with Russia a 'surrender' that would raise Ankara's energy dependence on Moscow from 40 to 80 per cent. He made the case

May 25, 2023

Economy·Government and Politics·News

US debt concerns put pressure on oil markets

Fitch has placed the US AAA credit rating on watch for possible downgrade due to the risk of Washington defaulting on its debts if the US public debt ceiling is not raised.

May 25, 2023

News

Oil jumps after a sharp and sudden drop in US oil inventories

Crude oil inventories fell 12.5 million barrels in the week ending May 19, to 455.2 million barrels, compared to analysts’ expectations of an 800,000-barrel increase in a poll Reuters. The administration said

May 24, 2023

News

Supply shortage issues push oil higher

Data from the American Petroleum Institute on Tuesday evening showed a sharp drop in crude oil and fuel inventories in the United States. According to data from the institute, crude inventories fell

May 24, 2023

News

Turkey is the main destination for Russian diesel shipments in May

Russia’s primary oil refining capacity is expected to increase by 1.9 million tonnes this month from April, reaching 4.4 million tonnes. Since a full EU embargo on Russian petroleum products came into

May 22, 2023

News

China increases imports of Russian crude oil in April

Total imports from Russia, including seaborne shipments and pipeline supplies, amounted to 7.1 million tonnes, or 1.73 million barrels per day, according to customs data released on Saturday. Big private refiners have

May 20, 2023

News

Oil heads for record weekly gains

Brent crude futures rose 41 cents, or 0.6%, to $76.29 a barrel at 0245 GMT. U.S. West Texas Intermediate crude also rose 36 cents, or 0.5%, to $72.32, according to Reuters data.

May 19, 2023

News

Oil and Gas- Page 85

Chinese headwinds blow over oil, despite progress on debt ceiling law

Initial US Debt Ceiling Deal Drives Oil Higher

US crude poised for small weekly losses

Erdogan Rival: Turkey’s Russian Gas Hub Plan Is ‘Surrender’

US debt concerns put pressure on oil markets

Oil jumps after a sharp and sudden drop in US oil inventories

Supply shortage issues push oil higher

Turkey is the main destination for Russian diesel shipments in May

China increases imports of Russian crude oil in April

Oil heads for record weekly gains

Radical Islam is being appreciated by Indian authorities too

Bangladesh; India’s Biggest Ally or China’s Dragon Nest?

Ahmadis in Bangladesh face fresh threat of persecution

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Oil and Gas- Page 85

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