Nasdaq LAUSANNE, Switzerland – U.S. hedge fund Citadel expects a tighter credit environment following the latest banking crisis but so far the economic decline is not enough to plunge commodities into the abyss, its head of commodities told Reuters. Banking stocks and bonds plummeted on Monday and oil was at 15-month lows as the hit to investors from UBS Group’s
Oil Price Swiss commodities trading giant Vitol has reported $500 billion in revenues for 2022, an 80% increase year-on-year, thanks largely to last year’s surging oil prices courtesy of Russia’s war on Ukraine and the Western sanctions response. In total, Vitol delivered 7.4 million barrels per day of crude and crude oil products in 2022, and while this was lower
World Oil (Bloomberg) – Goldman Sachs Group Inc., one of the most bullish banks on its outlook for oil, has nudged its forecasts down as worries over the banking sector and the potential for recession outweigh a surge in demand from China. The bank’s analysts now see Brent reaching $94 a barrel for the 12 months ahead, and $97 a
Oil Price OPEC’s Secretary General Haitham Al Ghais and Iraq’s Prime Minister met over the weekend and called for coordinated action among oil exporters globally in order to reduce volatility in the oil market and avoid adverse impacts for consuming countries, Reuters reported citing a statement by the Iraqi government. The official spoke during a meeting with Iraqi Prime Minister Mohammed Shia
2023-03-20 12:23:24 ET March 20 (UPI) — A Kuwaiti oil company on Monday declared a sta…
World Oil (Bloomberg) – Closely held gas driller Escondido Resources is working with financial advisers to test the market’s appetite for its assets in South Texas, according to people with knowledge of the situation. The Mountain Capital-backed company is having discussions with some larger peers about a potential deal, said the people, who asked not to be identified because the
Visiongain has published a new report entitled Artificial Lift Systems 2023-2033. It incl…
Oil Price Iran would welcome any new investment in its oil industry, especially from OPEC+ producers, the Iranian Ministry of Petroleum said this weekend, days after Saudi Arabia signaled that the Kingdom could start investing “very quickly” in Iran. Earlier this month, Saudi Arabia and Iran agreed to resume diplomatic relations and re-open embassies and missions, Saudi Arabia, Iran, and China said in a joint
BOE Report Oil prices rose on Monday after suffering their biggest weekly loss in months as UBS struck a deal to buy Credit Suisse and some of the world’s largest central banks sought to reassure and stabilise global financial markets. U.S. West Texas Intermediate crude was at $66.60 a barrel, up 38 cents, or 0.57%, after a 13% decline
Saguenay, Quebec–(Newsfile Corp. – March 20, 2023) – First Phosphate Corp. (CSE: PHOS) (FSE: KD0…
Calgary, Alberta–(Newsfile Corp. – March 20, 2023) – Gear Energy Ltd. (TSX: GXE) (OTCQX: GENGF) …
Ottawa, Ontario–(Newsfile Corp. – March 20, 2023) – Thermal Energy International Inc. (TSXV: TMG…
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