The physical North Sea market is strengthening against the paper market, reaching a six-week high on Friday and bid higher Monday, as the return of some refineries from maintenance adds to crude demand, while less output than expected is ...
Tags: Physical Crude, Increased Demand
Japan's direct-burning crude oil demand for power generation has picked up since late December as a cold spell across the country has increased appetite for loadings into March in the absence of nuclear output, industry and trading sources ...
Tags: crude oil demand, power generation
A top energy watchdog forecast the U.S. will bypass Russia in the production of liquid fuels--everything from crude and gasoline to biofuels like ethanol--solidifying America's growing importance in global energy markets. The ...
Tags: Liquid Fuels
Global oil prices are unlikely to drop below $100/b until 2025, supported by OPEC's market management efforts and crude demand growth in Asia, Leonid Fedun, vice president of Lukoil said Tuesday, presenting key findings of the company's ...
Tags: Oil Prices, OPEC's market
Northwest European Urals is at its narrowest discount to North Sea Forties crude so far in 2013 as emerging buying interest in the Russian medium, sour grade sent its values soaring, market sources said Wednesday. This comes just eight ...
Tags: crude demand, refiners, oil
AFP reported that oil was up in Asia on trader expectations of a hike in Chinese crude demand after a key survey showed its manufacturing activity hitting a 14 month high in December. New York's main contract, light sweet crude for ...
Tags: oil, light sweet crude, rose, improved demand
Reuters reported that energy over metals, raw over refined, sums up the likely theme for China's commodity demand next year. Commodity markets had become accustomed to China as a voracious consumer of resources, but 2012 showed that ...
Tags: Commodities Market, Market Trend, Metallurgy, Mineral Energy
Oil prices hovered above $89 a barrel Thursday in Asia after a report showed a bigger than expected drop in U. S. Crude supplies, suggesting demand could be improving. Benchmark oil for October delivery was down 1 cent to $89.33 at midday ...
Tags: Oil