- India Buying More US Oil as Sanctions Stifle Russian Flows
March 19, 2024
Indian oil refiners are on track to take the most American crude in almost a year after tighter enforcement of US sanctions crimped trade with Russia and forced processors to look elsewhere for supply.
Read Article
- Ruwais LNG will push UAE up the energy table
March 08, 2024
Abu Dhabi is planning to increase its presence in the liquefied natural gas market, helping it to diversify away from oil. Ruwais LNG, a new terminal located in Al Ruwais Industrial City, will increase the emirate’s capacity from 5.7 mil...
- Kuwait fuel oil exports rise for second month as Al Zour ramps up
March 01, 2024
Kuwait's fuel oil exports rose for a second month in February, according to shiptracking data from Kpler and LSEG, as the Al Zour refinery powered towards full capacity.
Read Article
- Red Sea Crisis and OPEC+ Cuts Support Oil Prices
February 26, 2024
Brent Crude prices have held above $80 per barrel for most of February, with signs pointing to a tightening in the physical market as OPEC+ production cuts continue and the rerouting of cargoes away from the Red Sea and the Suez Canal dr...
- Europe, Africa oil markets tighten, lending support to futures
February 23, 2024
Red Sea shipping delays and OPEC+ supply cuts are tightening physical oil markets in Europe and Africa as well as the Brent crude market structure, lending further support to oil futures prices, according to traders, LSEG data and analys...