IMG.gif
spot cargo markets

Crude up on Supply Worries While Demand Fears Dent Jet

Copyright © 2022 Energy Intelligence Group All rights reserved. Unauthorized access or electronic forwarding, even for internal use, is prohibited.
Transport,Crude,Oil,Gas,Petroleum,Storage,Tanker,Shore,Port,Imports,Exports

Crude and products headed in opposite directions amid warnings Opec-plus could be running out of spare production capacity while fears of economic recession continue to threaten fuel demand. US President Joe Biden failed to extract any promises of extra oil production on his tour of the Middle East last week. A Jul. 21 phone call between Saudi Crown Prince Mohammed bin Salman and Russian President Vladimir Putin instead saw both leaders reaffirm their commitment to the Opec-plus alliance. The producer group is next due to meet to discuss output policy Aug. 3.

Topics:
Jet Fuel, Oil Spot Markets, Crude Oil
Wanda Ad #2 (article footer)
#
Leading sustainable aviation fuel producers Neste and Shell emphasized the magnitude and urgency of the task ahead for the still-nascent SAF industry.
Fri, Sep 30, 2022
Producer group unveils massive production cut as West pushes forward plans to cap Russian oil prices.
Wed, Oct 5, 2022
After contracting in the previous two months, India's demand for refined fuels picked up in September.
Mon, Oct 3, 2022