Expectations of improving demand as well as the potential for localized supply disruptions pushed prices higher.
May 20, 2024
Refining margins in Asia have plummeted to their lowest in seven months, prompting a shift away from expensive Middle Eastern crude towards cheaper alternatives from the Americas.
May 19, 2024
OPEC Optimism vs. IEA Concerns: Diverging Oil Demand and Supply Forecasts for 2024.
May 18, 2024
Recent analyses by Macquarie and Standard Chartered Bank highlight cautious outlooks for the oil market amidst geopolitical tensions and economic factors.
May 18, 2024
Recent developments within OPEC+ underscore ongoing tensions over member countries' oil production quotas, echoing past controversies that nearly fractured the alliance.
May 18, 2024
The oil market grapples with contrasting views: pessimism alongside analysts maintaining optimism regarding oil prices.
May 13, 2024
A shortage of market-moving news helped keep prices relatively steady over the period.
May 13, 2024
U.S. crude oil exports to Europe are experiencing a notable rebound this month, impacting the prices of physical crude grades in Europe and Africa.
May 12, 2024
Despite doubts about the refinery's readiness, Petróleos Mexicanos (Pemex) cut exports to ensure feedstock availability.
May 12, 2024
The British energy major is grappling with pressure to relax its ambitious pledge to significantly reduce oil and gas production by 2030.
May 12, 2024
