SC Expects Market Sentiment to Gradually Turn More Positive
In a report sent to Rigzone recently, Standard Chartered Bank Energy Research Head Emily Ashford outlined that Standard Chartered expects oil market sentiment “to gradually turn more positive”. “We expect…
U.S. Considers Sanctions Relief to Revive Venezuela’s Oil Output
The U.S. federal government is discussing the removal of some sanctions on Venezuela’s oil industry to make it easier for U.S. companies to boost Venezuela’s oil production under a deal…
US Petroleum Inventories Fall As Cold Snap Hits
Editors note: The API data in this article does not fully reflect Winter Storm Fern’s impact on oil markets. The American Petroleum Institute (API) estimated that crude oil inventories in…
Crude Rallies on Weather Disruptions and Fresh Geopolitical Nerves
Oil prices jumped on Tuesday as the market priced in fundamentals once again, showing that when U.S. infrastructure gets punched in the face by weather, it’s more than geopolitics and…
Eni in Talks with Mercuria on Trading Partnership
Italian energy major Eni SpA has held talks with Mercuria Energy Group over a potential partnership in commodity trading, according to people familiar with the matter. The talks follow a…
Russian Crude Piles Up at Sea as India Steps Back
Russian crude is piling up at sea as India’s refiners step back from purchases, leaving Moscow with millions of barrels on tankers and fewer clear outlets for its oil exports.…
Orlen teams up with Finnish trio to drive green hydrogen
Poland-based Orlen has signed agreements with three Finland partners for the production and supply of renewable hydrogen and its derivatives. The deals signed with ABO Energy Suomi, Nordic Ren-Gas and…
