Isfahan blast occurred as a refinery fire broke out and a 5.9-magnitude earthquake hit.
Recession fears lead to oil falling to a new six-month low
After a brief respite, oil fell to a six-month low on Wednesday. This was after concerns over a possible global recession that could weaken demand outweighed a report showing lower
China has again made Saudi Arabia its top crude oil supplier, while Russian oil is down 9%
After being overtaken by Russia in December 2018, Saudi Arabia has reclaimed the top spot as China’s largest crude supplier. Russian shipments fell 9% due to a reduction in import
China has been importing Iranian oil under the radar despite violating U.S. sanctions
According to Vortexa Analytics, China has transferred nearly four million barrels of Iranian crude oil into its state reserve tanks in Zhanjiang’s southern port city. This was done over the
Despite Covid Concerns Oil Bulls Remain Confident
U.S. inventory dynamics provided significant support for crude prices this week, with commercial stocks falling to the lowest level since January 2020, and signs that tightening will continue.
Oil drops below $64 as rising OPEC+, Iranian output weighs
LONDON (Reuters) – Oil fell to below $64 a barrel on Monday as rising supply from OPEC+ and higher Iranian output countered signs of a strong economic rebound in the
Malcy’s Blog – Oil price,Far, Lamprell – And finally
WTI $53.95 -$4.63, Brent $60.50 -$4.55, Diff -$6.55 +8c, NG $2.20 -3c
Ben Robson – The week of 17th-21st June 2019
US markets were little changed last week. US Consumer Prices again faltered, coming in at 2.0% Y/Y for May versus expectations of 2.1%. Headline US retail sales missed the mark