Tag: Oil
April 06, 2025
News
Tanker Market: EU Crude Oil Imports Decline Since January 2025
Since the beginning of 2025, the EU’s crude oil imports have shown a noticeable decline. According to Banchero Costa, exports…
April 04, 2025
News
UBS Revises Oil Price Forecasts for 2025-27 Due to OPEC+ Adjustments
UBS has revised its oil price forecasts for the years 2025 to 2027 following OPEC+’s unexpected decision to increase oil…
April 04, 2025
News
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,…
April 04, 2025
News
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…
April 04, 2025
News
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,…
April 01, 2025
News
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…
April 01, 2025
News
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.…
April 01, 2025
News
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…
March 31, 2025
News
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…
March 31, 2025
News
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,…