Crude oil analysts are in the rush to revise their forecasts from the wake of Israel’s attacks on Iran as…
The government of Mozambique is ready to raise the force majeure imposed on TotalEnergy’s LNG venture in the nation as soon as the company applies for this, the country’s energy…
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WTI and Brent oil futures are standardized contracts traded on futures exchanges. Just about every agreement represents a selected amount (normally 1,000 barrels) of oil to generally be sent at a specified upcoming date.
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Both of these things produce a rate distinction between the two termed the ‘spread’ which will change according to distinct provide/demand dynamics and geopolitical influences.
Whilst several have been expecting the oil industry to open for electronic trading at six p.m. ET with a bang, thirty minutes into investing, oil was up by scarcely…
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Oil demand is set to plateau rather then drop off a cliff immediately after it peaks, the Intercontinental Power Agency (IEA) predicted this website week,…
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By May perhaps, that figure had been Reduce to 500,000 barrels a day. That will not seem like much, but within a sector where provide and desire in many cases are divided by razor-slender margins, the impact on oil costs might be important.