Road oil demand to peak by 2032 as EVs become more popular, Goldman forecasts

Road oil demand to peak by 2032 as EVs become more popular, Goldman forecasts

Global road oil demand will rise 5% to a peak of 50 million barrels per day by 2032, Goldman Sachs forecasts, with oil use per vehicle likely to fall sharply because electric vehicles are expected to...
April 02, 2024 at 02:47 am EDT
US March LNG exports flat as Freeport plant woes continue

US March LNG exports flat as Freeport plant woes continue

U.S. exports of liquefied natural gas fell slightly in March to 7.61 million metric tons from 7.73 MT in February as production of the superchilled gas from the country's second largest...
April 01, 2024 at 02:20 pm EDT
Cocoa rally and market tumult hoist systematic hedge funds ahead of their peers

Cocoa rally and market tumult hoist systematic hedge funds ahead of their peers

Record cocoa prices and markets whipped around by inflation and geopolitics helped hedge funds using systematic strategies outperform their peers in the first quarter, according to industry players...
March 25, 2024 at 02:00 am EDT
Funds chip away at CBOT grain, oilseed shorts ahead of key US data -Braun

Funds chip away at CBOT grain, oilseed shorts ahead of key US data -Braun

Speculators last week covered short positions in Chicago-traded grains and oilseeds for a second consecutive week as futures continued climbing off recent multi-year lows. The collective...
March 24, 2024 at 05:00 pm EDT
Brazil heading to rare sequence of rising coffee crops

Brazil heading to rare sequence of rising coffee crops

Brazil is expected to post its third annual increase in coffee production this year, a rare sequence seen only seven times in 144 years of coffee history in the world's largest grower and exporter of...
March 21, 2024 at 06:00 am EDT
Australian will export more live cattle and beef in 2024, USDA says

Australian will export more live cattle and beef in 2024, USDA says

Australia's exports of live cattle are likely to rise by more than one-third this year, and beef shipments should increase by 9% as the end of a herd rebuild boosts supply, the U.S. Department of...
March 20, 2024 at 11:11 pm EDT
Platinum metals face structural hit to demand from electric vehicle revolution

Platinum metals face structural hit to demand from electric vehicle revolution

In the usual way of things, platinum and palladium should be turning higher after a slide from recent peaks drove supply deficits, job cuts and looming mine closures in top producer South Africa. That...
March 20, 2024 at 11:47 am EDT
WTI :  Russia, China's leading oil supplier

WTI : Russia, China's leading oil supplier

Russia remained China's main oil supplier in the first two months of the year, according to data released on Wednesday, as Saudi supply cuts continue. Chinese imports from Russia , rose by 13% on the...
Our Logo March 20, 2024 at 10:38 am EDT
China, decarbonisation present Australia's iron ore miners with costly choices:  Russell

China, decarbonisation present Australia's iron ore miners with costly choices: Russell

Australia's vast iron ore mining sector is facing stark choices as its biggest customer China has likely hit a peak in its steel production and global pressures mount to decarbonise one the world's...
March 20, 2024 at 04:42 am EDT
Indices:  Is the gold craze contagious?

Indices: Is the gold craze contagious?

Gold is continuing the rally it began in the autumn, reaching an all-time high of $2,195 an ounce in early March. Is the health of the yellow metal palpable in gold stocks, dedicated indices and...
Our Logo March 19, 2024 at 12:13 pm EDT
CERAWEEK-Argentina on right path to solve fiscal deficit, boost energy output - Tecpetrol

CERAWEEK-Argentina on right path to solve fiscal deficit, boost energy output - Tecpetrol

Argentina is in a very bad political situation, but is on the right path to encourage energy investment and remove its fiscal imbalances if a package of reforms proposed by President Javier Milei...
March 19, 2024 at 09:26 am EDT
Citigroup Projects Brent Crude Prices Could Fall to $55/Bbl by Late 2025 -- OPIS

Citigroup Projects Brent Crude Prices Could Fall to $55/Bbl by Late 2025 -- OPIS

Citigroup analysts are projecting Brent crude will average $78/bbl in the second quarter and could continue to slide to $55/bbl by late next year. The bank in a Sunday report said it continues...
March 18, 2024 at 12:49 pm EDT
EXXON MOBIL CEO WOODS SAYS DEMAND FOR OIL AND PETROLEUM PRODUCTS…

EXXON MOBIL CEO WOODS SAYS DEMAND FOR OIL AND PETROLEUM PRODUCTS…

EXXON MOBIL CEO WOODS SAYS DEMAND FOR OIL AND PETROLEUM PRODUCTS VERY HEALTHY - CNBC INTERVIEW ...
March 18, 2024 at 10:20 am EDT
CERAWEEK- PHASING OUT OIL AND GAS IS A 'FANTASY' AND WORLD SHOUL…

CERAWEEK- PHASING OUT OIL AND GAS IS A 'FANTASY' AND WORLD SHOUL…

CERAWEEK- PHASING OUT OIL AND GAS IS A 'FANTASY' AND WORLD SHOULD INSTEAD INVEST IN THEM ADEQUATELY -SAUDI ARAMCO CEO NASSER ...
March 18, 2024 at 10:07 am EDT
Morgan Stanley expects Brent to climb to $90/bbl by summer 2024

Morgan Stanley expects Brent to climb to $90/bbl by summer 2024

Morgan Stanley raised its Brent oil price forecasts by $10 per barrel to $90 for the third-quarter of 2024, citing tighter supply and demand balances on OPEC+ commitment and Russia's oil production...
March 18, 2024 at 09:17 am EDT
China's Jan-Feb coal output slips 4% on high stockpiles, weak price forecasts

China's Jan-Feb coal output slips 4% on high stockpiles, weak price forecasts

China's coal production in January and February fell 4% from the previous year as high stockpiles and forecast lower prices up a damper on mining output. China, the world's largest...
March 17, 2024 at 10:23 pm EDT
IEA Slightly Raises Oil-Demand Growth View But Cuts Supply Forecast -- Update

IEA Slightly Raises Oil-Demand Growth View But Cuts Supply Forecast -- Update

By Giulia Petroni The International Energy Agency lifted its forecast for oil-demand growth this year on an improved outlook in the U.S. and increased bunkering, while it cut estimates for...
March 14, 2024 at 05:41 am EDT
IEA Slightly Raises Oil-Demand Growth View But Cuts Supply Forecast

IEA Slightly Raises Oil-Demand Growth View But Cuts Supply Forecast

By Giulia Petroni The International Energy Agency lifted its forecast for oil-demand growth this year on an improved outlook in the U.S. and increased bunkering, while it cut estimates for...
March 14, 2024 at 05:15 am EDT
IEA sees economic headwinds putting damper on supply growth

IEA sees economic headwinds putting damper on supply growth

The settling down of post-pandemic turbulence and a cloudy economic outlook will rein in demand growth this year, the International Energy Agency said on Thursday, even as shipping disruptions...
March 14, 2024 at 05:03 am EDT
IEA SAYS OIL CONSUMPTION REVERTING TOWARD HISTORICAL TREND AFTER…

IEA SAYS OIL CONSUMPTION REVERTING TOWARD HISTORICAL TREND AFTER…

IEA SAYS OIL CONSUMPTION REVERTING TOWARD HISTORICAL TREND AFTER VOLATILITY OF POST-PANDEMIC REBOUND ...
March 14, 2024 at 05:00 am EDT
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