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Commodities News
Industry execs tout natural gas as part of 'climate change solution'
By Seeking Alpha - Mar 03, 2021
Government policy makers need to understand that "natural gas can and should be a big part of the climate change solution," Enbridge (ENB) COO Michele Harradence said today at...
PRECIOUS-Gold rebounds as U.S. dollar, yields slip
By Reuters - Mar 02, 2021
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* Dollar slips from near four-week peak * Platinum rises 2%; silver up more than 1% * Wall Street retreats after strong gains on Monday (Updates prices) By Brijesh Patel March 2...
UPDATE 7-Oil steady before OPEC+ talks on supply amid economic recovery
By Reuters - Mar 02, 2021
* OPEC+ meets on Thursday to discuss output * OPEC secretary general sees last year's headwinds easing * Germany to start easing some coronavirus restrictions nextweek * Oil...
W. Africa Crude-Angolan differentials fall amid weak demand
By Reuters - Mar 02, 2021
LONDON, March 2 (Reuters) - Spot activity was slow onTuesday due to weak demand in Europe and Asia, while tradersawaited the results from an Indian tender. * Unipec, the trading...
UPDATE 1-Nigeria bans mining and flights in NW state after schoolgirl abductions
By Reuters - Mar 02, 2021
(Adds details)ABUJA, March 2 (Reuters) - Nigeria's President MuhammaduBuhari banned mining and imposed a no-flight zone in thenorthwestern state of Zamfara on Tuesday, vowing to...
IMO Publishes Guidelines To Port State Control For On Board Fuel Oil Sampling
By Hellenic Shipping News - Mar 02, 2021
The 75th session of International Maritime Organization’s (IMO) Marine Environment Protection Committee (MEPC 75) has in November 2020 adopted amendments to MARPOL Annex VI,...
CERAWEEK: Fossil fuel demand seen growing through 2030s: panels
By Hellenic Shipping News - Mar 02, 2021
The energy transition took off in a big way just as the coronavirus pandemic was overtaking the globe in 2020, but fossil fuels are still seen growing at least through the 2030s...
OPEC sees positive oil market outlook, continued downside risks
By Hellenic Shipping News - Mar 02, 2021
OPEC sees a generally positive oil market outlook with last year’s uncertainty easing, but downside risks caused by the pandemic persist, the group’s secretary general and its...
India’s finance ministry considers cutting taxes on petrol, diesel – sources
By Hellenic Shipping News - Mar 02, 2021
India’s finance ministry is considering cutting excise duties on petrol and diesel to cushion the impact of record high domestic prices, three government officials close to the...
Kerry leads second-day slate at global energy conference
By Hellenic Shipping News - Mar 02, 2021
U.S. climate envoy John Kerry will headline the second day of the world’s largest oil and gas conference, along with Big Oil executives trying to make the case for their importance...
OPEC secretary general stresses need for caution in managing oil market recovery
By Hellenic Shipping News - Mar 02, 2021
The global economy continues to rebound from the pandemic, but OPEC and its allies need to remain disciplined with their oil production to ensure its full recovery, OPEC Secretary...
OPEC demand outlook sees oil stocks falling in 2021: sources
By Hellenic Shipping News - Mar 02, 2021
OPEC expects oil inventories to drop by about 400 million barrels in 2021 in the latest supply and demand outlook being reviewed by a technical meeting on Tuesday, two OPEC+...
Crude MOC: Cash Dubai falls amid demand uncertainty
By Hellenic Shipping News - Mar 02, 2021
Benchmark cash Dubai slipped at the Asia market close on March 2, amid rising uncertainty for May-loading barrels. S&P Global Platts assessed May cash Dubai at a premium of...
CERAWEEK: Jet fuel lagging global petroleum demand recovery
By Hellenic Shipping News - Mar 02, 2021
As the impact of the coronavirus pandemic ebbs with the rollout of vaccines, global petroleum demand should return to 2019 levels by the end of this year, although jet fuel demand...
Fuel queues form in Nigeria over fears of gasoline price hikes
By Reuters - Mar 02, 2021
LAGOS, March 2 (Reuters) - Queues for fuel formed acrossNigeria on Tuesday over fears of a rise in gasoline costs, evenas the state oil company promised consumers that prices...
Huge Gasoline, Distillate Draws Outweigh Crude Oil Build
By Oilprice.com - Mar 02, 2021
The American Petroleum Institute (API) reported on Tuesday a build in crude oil inventories of 7.356 million barrels for the week ending February 26. Analysts had predicted an...
Magnolia Oil & Gas to sell 17M shares in secondary offering
By Seeking Alpha - Mar 02, 2021
Magnolia Oil &Gas (MGY) -5.4% post-market after launching a secondary public offering of 17M class A common shares by selling stockholders, with an underwriters option to purchase...