Category: Oil
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Paisie: Favorable Fundamentals Will Lift 4Q Crude Prices
Since the latter part of July, oil prices have bounced around from highs to lows approaching a difference nearing $20/bbl because of the competition between factors that are both positive and negative for oil prices. Concerns about China’s economy and the influence on the extent of oil demand growth has been a recurring theme for…
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In the Middle East, Trump can’t have his cake and eat it too
Opinion November 21, 2024 — 5.00am November 21, 2024 — 5.00am Israeli Prime Minister Benjamin Netanyahu has hit the jackpot with the election of Donald Trump. He could not hope for a more ardent supporter than the US president-elect to energise him and the extremists within his coalition to pursue their Gaza and Lebanon campaigns,…
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Asia’s Dark Fleet Hub Highlights Trump’s Oil Sanctions Headache
Welcome to our guide to the energy and commodities markets powering the global economy. Today, reporter Weilun Soon takes a look at the Southeast Asian oil hub helping funnel sanctioned Iranian crude to China. US President-elect Donald Trump wants to ratchet up sanctions pressure on Iran in order to curb oil revenue and thus the…
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Has Turkey cut all ties with Israel?
In recent weeks Turkey has once again stepped up its vocal opposition to Israel’s wars on Gaza and Lebanon, which Turkish President Recep Tayyip Erdogan condemns as “genocide”. In the latest escalation, Turkey last week effectively stopped Israeli President Isaac Herzog from travelling to the COP29 climate summit in Baku, Azerbaijan, by denying his aircraft…
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Paisie: Favorable Fundamentals Will Lift 4Q Crude Prices
Since the latter part of July, oil prices have bounced around from highs to lows approaching a difference nearing $20/bbl because of the competition between factors that are both positive and negative for oil prices. Concerns about China’s economy and the influence on the extent of oil demand growth has been a recurring theme for…
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Iran Agrees to Stop Producing Near Bomb-Grade Uranium: IAEA
by Bloomberg | Jonathan Tirone | Wednesday, November 20, 2024 | 1:57 AM EST Iran has agreed to stop producing uranium enriched close to the level required for nuclear weapons, a sign the Islamic Republic may be ready to resolve a standoff with the West over its atomic activities. Monitors from the International Atomic Energy Agency…
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Oil Traders Price In Trump’s Foreign Policy as Bearish for Crude
Oil’s longstanding geopolitical risk premium has evaporated as traders interpret Donald Trump ’s foreign policy agenda as bearish for oil demand — and prices. Since Russia invaded Ukraine in 2022, oil futures have routinely traded above their so-called fair value, elevated by the threat of war-related supply disruptions. But that risk premium has faded, even…
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China’s Surging LNG Imports From US Threatened by Next Trade War
(Bloomberg) — The US has boosted sales of liquefied natural gas to China this year, although the surge may not last if the incoming Trump administration collides with Beijing over trade. China imported 63% more of the super-chilled fuel from the US in the first 10 months of the year compared to the same period…
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COP29 Spotlight: Partnership Breakthrough Opens Global Carbon Markets To Middle East Projects
Ahya and Clover launch partnership at COP29 Ahya A groundbreaking partnership was launched at COP29 and is set to open the carbon markets in the Middle East and North Africa (the MENAP region) to international buyers. Ahya’s voluntary carbon marketplace, Tawazun, has partnered with Cloverly, a leading US-based voluntary carbon marketplace. This partnership seeks to…
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Sinochem may keep bankrupt refineries as auctions draw scant interest, sources say
Sinochem may keep three refineries in China’s Shandong province Published: Wed 20 Nov 2024, 3:30 PM Updated: Wed 20 Nov 2024, 3:31 PM A Sinochem logo in Beijing. — Reuters file Sinochem Group may keep three bankrupt oil refineries located in eastern China after auctions to sell them drew little interest from other companies, sources…
