Saudi Arabia is set to do very nicely from President Donald Trump’s tougher oil sanctions on Iran. The Arab kingdom is poised to raise its own output to meet all requests for oil purchases it has received for June, notably from countries that have had to stop buying Iranian crude.
India’s thermal coal purchases are expected to surge to a record this year and remain robust through the next decade as domestic supply lags demand, according to the country’s largest importer. Overseas shipments will climb almost 11% to 184 million metric tons during the financial year started April 1, and rise further to average about […]
Dr. Ellen Wald, President of Transversal Consulting and Bloomberg Opinion columnist, on how oil markets could be impacted as the U.S. amps up pressure on Venezuela and Iran. Hosted by Lisa Abramowicz and Paul Sweeney. Read MoreDr. Ellen Wald, President of Transversal Consulting and Bloomberg Opinion columnist, on how oil markets could be impacted as the U.S. amps up pressure on Venezuela and Iran. Hosted by Lisa Abramowicz and Paul Sweeney.
Climate change is at the top of many American voters’ minds, as evidenced by a CNN poll last week that found “96% of Democrats and Democratic-leaning independents say it’s very or somewhat important for a presidential candidate to promise aggressive action” on the issue.
Saudi Arabia, the world’s biggest oil exporter, cut June pricing for all crude grades to the U.S. and raised most pricing to other regions. The kingdom’s pricing appears to be aimed at easing concerns over supplies to the U.S. after the Trump Administration
India’s oil demand grew for a fourth month in March, although the pace of gains slowed from February as falling vehicle sales weighed on transportation fuel consumption even amid campaigning for federal elections.
Losses by India’s power retailers are set to rise, reversing two years of declines they enjoyed since Prime Minister Narendra Modi’s government unveiled a plan to make the ailing utilities profitable.
U.S. President Donald Trump’s move to pressure Iranian oil importers is turning into a headache for India’s government in the midst of a re-election battle.
The U.S. sanctioned four companies it says transport much of the 50,000 barrels of oil that Venezuela provides to Cuba each day in an effort to punish the island nation for its support of Venezuelan President Nicolas Maduro.
Global oil demand is about to get a boost from a rule that’s supposed to help the environment. The world’s refineries will need to process about 700,000 barrels a day more oil by next year directly as a result of a rule to cut the maritime industry’s sulfur emissions