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CATEGORY

Energy

U.S. natgas drops 5% to 25-month low on forecasts for less heating demand

U.S. natural gas futures plunged about 5% to a fresh 25-month low on Friday on forecasts for less cold weather and lower heating demand...

Oil settles down $2/bbl, ends week lower on Fed worries, ample supply

Oil settled down $2 a barrel on Friday and ended the week markedly lower, as traders worried that future U.S. interest rate hikes could...

China set for record crude oil imports in 2023

China is expected to import a record amount of crude oil in 2023 due to increased demand for fuel as people travel more following...

Forties diffs rise on bid

North Sea Forties crude oil differentials rose on Friday to reflect a bid from Gunvor, while no offers or deals were seen. MARCH LOADINGS PLATTS WINDOW Indications...

Latest price /sanctions against Russia not identical in EU, UK, G7

The price cap rules relating to Russian sales of crude oil (implemented December 5th 2022) and refined oil products (implemented February 5th 2023) are generally consistent...

Putin lauds gas giant Gazprom, says Asian demand will soar

President Vladimir Putin lauded Russia’s natural gas giant, vowing that Gazprom would thrive despite attempts by the West to cut its clout as demand...

Brazil’s LPG Demand to Remain Steady in 2023

Brazil’s LPG sales (~consumption) is estimated to be around 7.35 MMt in 2022, down 1% from the previous year and 2% below 2020, according...

Quake may impact oil and gas supply around the world

The earthquake that hit Turkiye and Syria on Feb 6 was one of the deadliest in the two nations’ history. Apart from claiming more...

Europe nears end of winter with bulging gas stocks

Europe is on course to end the winter with a near-record volume of gas in storage as a result of industrial closures, high prices...

2023 energy outlook: Favoring crude oil

Crude oil: Still constructive We expect crude oil prices to rise in 2023 for several reasons. With China reopening, oil demand looks set to exceed...
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