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Asia’s middle distillates market displays reduced activity, with traders anticipating April offers from Chinese refiners. Diesel and jet fuel exports are estimated similar to March levels. Refining margins have decreased …
Asia’s Middle Distillates Market: Activity Thins as April Offers Loom Read More
The U.S. Treasury has extended a license protecting Citgo Petroleum from creditors until July. This decision follows the revocation of a Chevron license and underlines pressures from Venezuela’s opposition leaders …
U.S. Extends Protection for Citgo Petroleum Amid Ongoing Legal Challenges Read More
Argentina’s Vaca Muerta shale formation is poised for growth as U.S. shale wells decline. However, restrictive regulations, economic instability, and prior exits of companies like Exxon Mobil present challenges. Continued …
Argentina’s Vaca Muerta: Exploring Shale Opportunities Amidst Challenges Read More
On Tuesday, Oman and Murban crude premiums fell, whereas Dubai’s premium rose slightly. U.S. sanctions on Iran contributed to rising oil prices and supply concerns. Taiwan’s CPC secured six million …
Middle East Crude Market: Oman and Murban Premiums Decline Amid Rising Dubai Prices Read More
Former President Donald Trump’s cancellation of oil licenses for operations in Venezuela threatens to worsen inflation, as it decreases foreign currency availability. This decision poses serious challenges to President Maduro’s …
Trump’s Cancellation of Oil Licenses Heightens Venezuela’s Inflation Challenges Read More
Middle East crude benchmarks Dubai and Murban saw price rises, while Oman declined. Oil prices recovered after U.S. policy changes raised supply concerns regarding Venezuela. Eni reported a significant profit …
Middle East Crude Analysis: Dubai and Murban Prices Increase; Oman Declines Read More