by Thanvir | Apr 5, 2019 | Benchmark Oil Price
The divergent assets of crude oil-derived fuel products impact two oil benchmarks more than the supply situation on the market. US sanctions against Venezuelan and Iranian oil, as well as production cuts by the Saudi Arabia-led OPEC + group, are leading to a shortage...
by Thanvir | Mar 27, 2019 | Benchmark Oil Price
Argus, the oil price reporting agency has introduced LSFO price assessments for the former yard and supplied the bunker markets in Fujairah. Fujairah is a major bunker hub on the Gulf of Oman in the United Arab Emirates, delivering up to 1 million t / month of...
by Thanvir | Dec 27, 2018 | Benchmark Oil Price
The oil market will be in two halves in 2019, according to Wall Street forecasts. Oil analysts expect prices to recover in the first six months of 2019, after the sale had cut crude oil prices by about 40 percent since October. In the last half of the year, however,...
by Thanvir | Dec 20, 2018 | Benchmark Oil Price
The gap between Canadian benchmark oil prices and US prices is increasing along with the gap between Canadian oil production and oil export capacity. The growth of Alberta’s oil industry is hampered by a lack of infrastructure in the face of growing output,...
by Thanvir | Dec 10, 2018 | Benchmark Oil Price
Benchmark crude oil futures rallied last week, with Dated Brent and WTI up around 5% and 3%, respectively. Prices rose mainly as a result of the US-China ceasefire until next March, a decline in US crude oil stocks, a forced reduction of production in Alberta, Canada...
