Tuesday

03-06-2025 Vol 19

Tag: Oil

Oil Prices Poised for Lowest Close Since Pandemic Low Amid Ongoing Trade War Concerns

Oil prices are on track to close at their lowest level since the peak of the COVID-19 pandemic in 2021,…

The Commodities Feed: OPEC+ Surprises Markets with Unexpected Increase in Oil Supply

The recent announcement from OPEC+ to increase oil supply has taken the markets by surprise, leading to a significant decline…

Singapore’s Fuel Oil Reserves Decline Yet Remain Above 21 Million Barrels

Singapore’s onshore fuel oil stockpiles experienced a slight decrease this week, yet they remain above the 21 million barrel mark,…

The Commodities Update: Oil Prices Surge Amid Secondary Tariff Threats

Oil prices experienced a notable increase yesterday, driven by escalating concerns regarding potential threats to global oil supplies. ICE Brent…

UBS CIO: Trump’s Threat to Russian Oil Should Not Be Taken Lightly

UBS Chief Investment Officer Mark Hafaele has highlighted the seriousness of U.S. President Donald Trump’s recent threats regarding Russian oil.…

OPEC+ Navigates Challenges as Softer Demand Outlook Pressures Oil Market

Oil prices are projected to face downward pressure in 2025 due to a combination of factors, including U.S. tariffs and…

China Unveils Second Batch of 2025: 12.8M MT Clean Oil Products and 5.2M MT LSFO Export Quotas

China’s Ministry of Commerce has announced the second batch of export quotas for clean oil products and low sulfur fuel…

The Effect of Electric Vehicles on Oil Demand in the Tanker Market

The tanker market is witnessing significant changes due to the growing electric vehicle (EV) market, particularly in China. In 2024,…

Russian April ESPO Blend Oil Prices Drop as Chinese State Companies Reduce Imports

Russia’s ESPO Blend oil, a key export, has seen a significant decline in prices, hitting the lowest level in 10…

Renewable Energy and Natural Gas Overtake Oil and Coal in Recent Growth Trends

The International Energy Agency (IEA) released its latest global review highlighting the positive trends across different energy sectors, with renewables…