Brent oil traders use little known rule to reroute US cargoes
Big energy merchants trading oil cargoes that form the basis of the Brent benchmark have used an obscure clause to reroute US shipments from Europe, in a practice that raises…
Global oil demand needs to rise faster to absorb OPEC+ hike
Global oil demand growth needs to accelerate in coming months or the market will struggle to absorb an increase in oil supply that OPEC+ is planning to make from October,…
Summer market shock not quite over as investors brace for more turmoil
Big investors are bracing for this summer’s stock market rout to run into the autumn, fearing a broader wave of selling will follow the turmoil sparked by US recession concerns…
Consumer-focused lending under Labour could dent UK bank profits
Once seen as hostile to banks, Britain’s Labour has courted lenders in recent years as it attempts to gain power, yet some of the left-leaning party’s policies are still expected…
Global oil markets weaken as sluggish demand leaves overhang
Global physical crude oil markets are weakening because of soft refinery demand and ample supply, traders and analysts told Reuters, in a move that could spell further weakness for benchmark…
US small businesses struggle for credit after regional turmoil
Small business owners in the US are struggling to get financing from traditional lenders as the impact of higher rates and bank failures of a year ago linger, holding back…
Gulf oil giants Saudi Aramco, Adnoc set sights on lithium
Saudi Arabia and the United Arab Emirates’ national oil companies plan to extract lithium from brine in their oilfields, in line with efforts to diversify their economies and profit from…
Global oil disaster?
On October 19, 1973, immediately following the Nixon administration’s affirmation of a $2.2 billion military aid package to Israel in the aftermath of the Yom Kippur War, Arab states responded…
Evolution, challenges, and prospects of oil and gas exploration sector
Pakistan’s oil and gas exploration and production (E&P) sector has traversed a fascinating path since the first oil well was drilled during British colonial times in the late 19th century…
Is copper the new oil?
An energy transition is happening. Moving to a target of net-zero global emissions requires a steady move from fossil fuels to renewable energy, or sources that reduce emissions, while not…
