Hints and tips:
...“After Paramount DMCC ceased marketing Russian oil in August 2023, Niels Troost has had no involvement in the Russian oil market whatsoever, directly, indirectly or through business interests.”...
...International oil benchmark Brent crude and US gauge West Texas Intermediate have topped $100 a barrel this year, fuelled by the Ukraine war....
...Brent crude, the international oil marker, settled at $80.55 a barrel on Friday — down almost 20 per cent since late September. Experts have warned that crude could rise again quickly....
...The official allegedly concerned was chief executive of Sonangol Distribuidora, a subsidiary of Angola’s state-owned oil company Sonangol, which is responsible for marketing and shipping the African nation...
...China, the biggest market for Saudi crude oil, is one of about half a dozen “strategic relationships” for the kingdom, said one longtime Saudi Arabia watcher and emerging market investor who declined to...
...Brent crude oil, the international benchmark, has fallen about 10 per cent in the last week, hitting a low of $70.12 a barrel on Monday morning shortly after UBS’s government-backed takeover of Credit Suisse...
...High oil prices have left companies such as Exxon with cash to throw around....
...The surge in petrol costs to a nine-month high follows a 20 per cent jump in global crude prices this summer, after Saudi Arabia and Russia slashed supply....
...The deceleration in oil producers’ cash machine comes after energy prices pulled back from highs reached last year after Russia’s full-scale invasion of Ukraine....
...In theory, this should funnel the cheapest capital towards governments and businesses with the most ambitious decarbonisation targets, regardless of whether they sell crude oil or solar panels....
...The US WTI oil benchmark closed at $72.34/b. And it isn’t just crude....
...Offshore production in the Gulf of Mexico accounts for about 1.7mn barrels a day of crude, or 15 per cent of total output....
...Most projects in the US today rely on selling captured CO₂ for use in so-called enhanced oil operations, in which the gas is pumped into ageing oilfields to increase crude output....
...SCOTUS The Supreme Court will hear oral arguments in the 303 Creative LLC vs Elenis case....
...If confirmed, it would help to loosen the global crude oil market, which has retreated close to where it traded before Russia’s invasion of Ukraine....
...West Texas Intermediate, the US crude benchmark, rose to its highest level since March this week, reaching $122 a barrel. The rest of Big Oil is also cashing in on surging crude prices....
...The S&P Refining & Marketing index is up nearly 50 per cent this year, even as the broader market has fallen....
...The impact of these decisions is already being felt in the physical market, where refiners are receiving fewer offers in crude oil tenders....
...He cited the example of sand — used for hydraulic fracturing of oil wells — as reaching “unheard of” price highs....
...Since June, crude has lurched from trough to peak and back again, and is now at a seven-year high: Oil supply has long looked a bit scant; demand expectations are what missed the mark so badly....
...The EU has already agreed a phased-in ban on shipments by sea, but allowing crude oil deliveries via pipeline to continue, while the US has banned all oil imports and the UK plans to do so by the end of...
...Oil prices have also climbed rapidly as many big consumers shun Russian crude....
...cheap Russian crude....
...Record prices for natural gas and multiyear highs for oil were expected to drive energy companies’ profits even higher....
...Andrew Edgecliffe-JohnsonI think one thing to remember is that high corporate profits have not happened suddenly in the same way as, say, high oil prices have, or massive disruptions to global supply chains...
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