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Category: N2:ASCRU

OPEC+ impasse means tight oil market now, volatility ahead, says IEA

By Noah Browning LONDON (Reuters) – The oil market will see tighter supply for now amid a...

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China cuts second batch of crude oil import quotas for private refiners – document, sources

By Shu Zhang and Muyu Xu SINGAPORE (Reuters) – China has issued 35.24 million tonnes of...

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IEA sees OPEC+ spare capacity gaining slightly in 2022

LONDON (Reuters) – The International Energy Agency expects spare capacity in the OPEC+...

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OPEC+ will need to boost output to meet 2022 demand recovery -IEA

By Noah Browning LONDON (Reuters) -The world will need a lot more oil from OPEC+ as global demand...

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OPEC+ April compliance with oil cuts at 113% -sources

LONDON (Reuters) – OPEC+ compliance with oil production cuts in April reached 113%, two...

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China’s April diesel exports rise 5.7% on resurgent overseas demand

BEIJING (Reuters) – China’s diesel exports in April rose 5.7% from the same period last year because of resurgent overseas demand and refiners’ efforts to reduce bulging domestic stocks. Diesel shipments...

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China April crude steel output hits record despite production controls

By Min Zhang and Shivani Singh BEIJING (Reuters) -China’s crude steel output hit an all-time...

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China April crude throughput surges 7.5% on year, but slows from peak

BEIJING (Reuters) – China’s crude oil throughput rose 7.5% in April from the same...

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IEA says oil supercycle unlikely but gasoline demand may have peaked

By Noah Browning LONDON (Reuters) – An extended surge in oil prices is unlikely as the world...

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Oil bears and bulls grapple as market puzzles over pandemic exit

By Noah Browning LONDON (Reuters) – Trading in oil futures is now as heavy as it was in the...

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