(Bloomberg) — Global demand for oil will reach its peak this decade, the International Energy Agency predicted for the first time, amid growing popularity of electric cars and the cooling…
oil supply
Biden Leaves Market And Military Unclear About Strategic Oil Reserve
The Biden administration’s inconsistent approach to the Strategic Petroleum Reserve (SPR) has raised concerns and intensified skepticism among oil producers and tanker owners. Initially, the White House proposed refilling the…
https://gcaptain.com/biden-leaves-market-unclear-about-strategic-oil-reserve/
Oil Prices Continue To Slide After US Midterm Elections
By Julia Fanzeres (Bloomberg) Oil dropped the most in a week since April as the full weight of languishing Chinese demand and more economic tightening radically shifted the market’s sentiment….
https://gcaptain.com/oil-prices-continue-to-slide-after-us-midterm-elections/
Guyana Ramps Up Oil Exports To Europe
By Marianna Parraga (Reuters) Oil producers in Guyana are boosting exports to European buyers seeking alternatives to Russian crude, according to vessel monitoring data. Government bans on Russian oil since…
Black Sea Oil Port Halts On Russian Court Order
By Sherry Su (Bloomberg) A Russian court order to halt oil loadings from a port in the Black Sea has unnerved European crude traders already reeling from the tightest regional…
https://gcaptain.com/black-sea-oil-port-halts-on-russian-court-order/
India Forced To Ship In Diesel As Shortages Arise
By Elizabeth Low and Debjit Chakraborty (Bloomberg) Global energy markets that have thrown up plenty of anomalies in 2022 as flows get rerouted and prices jump just saw a fresh…
https://gcaptain.com/india-forced-to-ship-in-diesel-as-shortages-arise/
US May Allow More Iran Oil to Flow Even Without Deal
By Paul Wallace Jun 5, 2022 (Bloomberg) –The US may allow more sanctioned Iranian oil onto global markets even without a revival of the 2015 nuclear accord, according to the biggest…
https://gcaptain.com/us-may-allow-more-iran-oil-to-flow-even-without-deal/
Libya Says Armed Clashes at Key Oil Port Damaged Storage Tanks
By Hatem Mohareb (Bloomberg) –Libya’s state oil company said armed clashes at the western port of Zawiya have damaged several storage tanks, as a worsening political crisis engulfs the OPEC member’s…
https://gcaptain.com/libya-says-armed-clashes-at-key-oil-port-damaged-storage-tanks/
U.S. Seizing Tankers Has Failed To Stop Iran’s Oil Exports, Minister Says
March 12 (Reuters) – The U.S. seizure of Iranian tankers in recent months has not stopped sanctions-hit Tehran from increasing oil exports, Iran’s oil minister was quoted as saying on Saturday. “The…
https://gcaptain.com/u-s-seizing-tankers-has-failed-stop-irans-oil-exports/
Libya’s Oil Production Drops as Political Crisis Deepens
By Hatem Mohareb and Salma El Wardany Mar 6, 2022 (Bloomberg) –Libya’s oil production has fallen below 1 million barrels a day, as the OPEC member plunges deeper into political crisis just as…
https://gcaptain.com/libyas-oil-production-drops-as-political-crisis-deepens/