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S.Korea''s import value surges 39 pct in October on expensive crude oil

06:55am, Wednesday, 24'th Nov 2021 Big News Network
SEOUL, Nov. 24 (Xinhua) -- South Korea''s import value surged last month on expensive crude oil, central bank data showed Wednesday. The import value index stood at 150.27 in October, up 39.0 percent from a year ago, according to the Bank of Korea (BOK). It has continued to grow for 11 straight months since December last year due to a higher price for global crude oil. The import value for coal and

Petrol, diesel prices static as global oil situation under watch

06:42am, Wednesday, 24'th Nov 2021 Buziness Bytes
New Delhi, Nov 24 (IANS) Oil marketing companies have continued to provide relief to consumers from rising fuel prices post revision of duties by the central and state governments on Diwali eve. Accordingly, petrol and diesel prices remained static for the 20th consecutive day on Wednesday under the daily price revision mechanism followed by oil [] The post Petrol, diesel prices static as global oil situation under watch appeared first on Buziness Bytes .

Oil prices show slight multidirectional dynamics

05:26am, Wednesday, 24'th Nov 2021 Report AZ
World oil prices on Wednesday morning showed a slight multidirectional dynamics after rising on Tuesday, according to trading data.

Sibal attacks govt over rise in prices of fuel, vegetables

05:22am, Wednesday, 24'th Nov 2021 Buziness Bytes
New Delhi, Nov 24 (IANS) Congress leader Kapil Sibal on Wednesday attacked the Centre over the inflation, and said it has reached milestones in price graphs. Sibal said in a tweet, Price graphs Price: petrol: Rs 103 per litre diesel: Rs 83 per litre tomatoes: Rs 85 to Rs 125 per kilo Signal milestones! Acchhe [] The post Sibal attacks govt over rise in prices of fuel, vegetables appeared first on Buziness Bytes .
Here''s a really quick video take from CNBC, an interview with Jeff Currie, global head of commodities research at Goldman Sachs. I posted earlier on the GS response: By Eamonn Sheridan

India, others release oil from reserves to force OPEC+ to restore output

02:57am, Wednesday, 24'th Nov 2021 The Financial Express
Putting pressure on large oil producers, New Delhi had earlier cut shipments from Saudi Arabia by a quarter.

Japan PM Kishida: Country to release oil from reserves

02:43am, Wednesday, 24'th Nov 2021 FXStreet
In a part of joint efforts with the US and other countries, the Japanese Prime Minister Fumio Kishida said on Wednesday, his country plans to release
A number of Vancouver Island organizations have taken measures to reduce gas consumption in light of the supply issues facing B.C.s southwest. It comes as the Trans Mountain pipeline remains out of commission and a Lower Mainland gas refinery has paused for lack of crude oil. But in Nanaimo, you may be hard-pressed to realize [] The post School districts and sport leagues on Vancouver Island reduce gas use appeared first on CHEK .
The Department of Energy will release 50 million barrels of oil from the Strategic Petroleum Reserve over the next several months.

When Will Oil Supply Overtake Demand?

09:00pm, Friday, 19'th Nov 2021 OilPrice com
1. When Will Crude Oversupply Finally Come? - The ongoing US-OPEC public spat continues to revolve around the oil markets immediate prospects, namely its moving into oversupply following several months of global stock draws. - Latest outlooks from OPEC, IEA, and EIA all indicate that markets should flip into oversupply in Q1-2021, with EIA forecasting it would average some 900,000 b/d over January-March. - Whilst OPEC remains ambiguous on its own production strategy for 2022, the energy agencies seem to agree that next year should see higher-than-expected
US and European stock markets fell Friday and the euro slumped as Austria announced a new strict lockdown to try to curb surging Covid cases, triggering heavy losses for oil prices.
Earlier this week, EPA published its proposed new methane regulations for the oil and gas sector. These new rules will have significant practical implications for the industry and have the potential to set new precedent for EPAs authority under the Clean Air Act to address climate change for other industries as well. While the proposal is over 150 pages long, it does not include the actual text of the proposed rules, promising instead to provide proposed text in a supplemental notice early next By: Troutman Pepper
The Canadian stock market is down in negative territory around noon on Friday, weighed down by sharp losses in energy section due to falling crude oil prices. The market''s downside is not much pronounced thanks to some strong buying in the technology sector.
Renewable sources accounted for 84 percent of the total primary energy supply in Tanzania as of 2018. Oil had a 12 percent share in the total energy the country had at disposal that year. Overall, the total primary energy supply in Kenya has increased since 2010.
The richest woman in Africa, Apostle Folorunso Alakija, has celebrated incredible men who are loving pillars to their families and communities. The billionaire oil mogul and philanthropist stated this on Friday, November 19, when she joined the world to mark International Mens Day. Alakija said that men are just as much in need of celebration [] The post Alakija celebrates men who are loving pillars to their families, communities appeared first on StraightNews .
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