% Total Norway's Exports 2020 Billion NOK export value Oil Production in Norway: Norway is a European country located in the northwestern part of the continent. The country is known for its natural beauty, which includes mountains, forests, and lakes....
Former Duopoly Executives Set Up New Oil Price Reporting Agency Two former executives from global oil and commodity price agencies Argus Media and the monopoly that you all love, have founded a new oil price reporting company that is aimed at traders and the entire...
Mena energy companies to launch new oil benchmark for Murban The Abu Dhabi National Oil Company (Adnoc) and a number of international energy traders have teamed with the Intercontinental Exchange (ICE) to develop the world’s first murban crude oil futures...
Benchmark Oil Price Has Its Highest Increase Ever! The crude oil benchmark recorded its largest ever rise in intraday business to more than $ 71 a barrel on Monday (September 16th) after a strike against a Saudi Arabian oil company struck around 5 percent of global...
The UAE is planning to launch regional oil benchmark The UAE government-led ADNOC, long regarded as one of the Middle East’s most conservative oil companies, plans to revise its trading activities to mimic the success of large oil companies and strengthen its...
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...
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...
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,...
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,...
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...
