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Asian jet fuel margins recover as authorities lift cross border travel restrictions
October 18, 2021 01:42 PM AEDT| By Arpit VermaHighlights Jet refining margins in Asia jumped to their highest levels in October due to a solid recovery in air travel in the region. Jet refining margins in Europe have surged to the levels last seen in the first quarter of 2020. Jet fuel wi.....
Oil hits multi-year highs on supply deficit forecasts
October 18, 2021 12:25 PM AEDT| By Arpit VermaHighlights Brent Crude oil prices reached three-year highs while WTI reached a level last seen in 2014. The demand for crude oil has boosted with a solid recovery from the COVID-19 pandemic. The US has stated that it will lift the COVID-19 tra.....
Crude oil grows on rising energy demand
October 15, 2021 12:56 PM AEDT| By Arpit VermaHighlights Crude oil prices climbed up on Thursday. The prices of crude oil are boosted by surging natural gas prices. OPEC+ decided to stick to its previous agreement to increase the output by 400,000 bpd per month. Crude oil prices clim.....
Crude oil steadies after recording a mind-blowing rally
October 13, 2021 12:56 PM AEDT| By Arpit VermaHighlights Crude oil prices were steady on Tuesday after recording a mind-blowing rally. Power prices in various parts of the world surged including Asia and Europe to record high levels. The International Monetary Fund squeezed its growth for.....
Crude oil hits record high levels on skying demands
October 12, 2021 12:49 PM AEDT| By Arpit VermaHighlights Crude oil prices rose on Monday. The prices rose to record high levels on the back of robust demand and lower supplies due to cutbacks from producing nations. Power prices across the globe surged to record high levels in the past fe.....
Here’s how skying fuel prices are triggering global power crisis
October 12, 2021 11:38 AM AEDT| By Arpit VermaVarious countries across the globe are facing an acute power crisis as the supply of coal, natural gas, and other energy sources are failing to fulfil the burgeoning electricity demand. Prices of natural gas have increased manifolds to reach multi-.....
Indian ministry says it has ample coal stocks to lit power plants
October 11, 2021 02:38 PM AEDT| By Arpit VermaHighlights Indian coal ministry stated that it has ample coal stocks in its reserves to fulfill the demand for the power sector. The shortage of coal has created a supply crunch of fuel in various eastern and northern states of the country. Th.....
US crude hits 7-year highs amid higher gas-to-oil switching
October 11, 2021 02:02 PM AEDT| By Arpit VermaHighlights Crude oil prices further rose on Monday. The prices have recorded significant gains during the last week. Oil’s rally is underpinned by soaring gas prices. OPEC+ decided to increase the output gradually. Crude oil prices.....
Oil falls as the US decides to sell oil from its strategic reserves
October 08, 2021 01:17 PM AEDT| By Arpit VermaHighlights Crude oil prices dipped on Thursday. The US is considering options to sell out oil from its strategic reserves. Crude oil prices have been weighted by a higher-than-expected crude oil inventory in the last week. Crude oil price.....
Crude oil tumbles after hitting record highs
October 07, 2021 12:34 PM AEDT| By Arpit VermaHighlights Crude oil prices tumbled nearly 2% on Wednesday. The US crude inventories rose unexpectedly against the expectations for a significant drop. The overall production in the US has increased by nearly 11.3 million bpd followed by a rec.....
Miners made commitments to attain neutrality by 2050
October 06, 2021 01:58 PM AEDT| By Arpit VermaHighlights The top miners of the world are committed to the goal of limiting direct and indirect emissions by 2050 or earlier. Miners are under pressure from environmentalists and shareholders related to environmental emissions. Direct and ind.....
Oil hits multi-year highs on OPEC’s plan to gradually increase output
October 06, 2021 01:56 PM AEDT| By Arpit VermaHighlights Crude oil prices hit multi-year highs on Tuesday. OPEC+ agreed on Monday to adhere to their original strategy planned in July to boost the output by 400,000 bpd per month. Record high prices of gasoline have also encouraged various .....
How OPEC’s decision is fuelling crude oil rally
October 06, 2021 12:58 PM AEDT| By Arpit VermaHighlights WTI Crude oil prices surged to a nearly seven-year high on Tuesday. The demand for crude oil is rising as the winter approaches the Northern Hemisphere. OPEC+ had agreed in July to increase the output by 400,000bpd each month until .....
Iron ore futures dip amid intense emission curbs in China
October 05, 2021 01:15 PM AEDT| By Arpit VermaHighlights The prices of iron ore plummeted to record low levels on the back of an ongoing power crunch in China. More than four-fifths of the country's steel mills have suspended their operations in September for maintenance. Australia believ.....
Crude oil hits three-year highs on robust demand recovery
October 05, 2021 12:25 PM AEDT| By Arpit VermaHighlights Crude oil prices jumped to three-year highs on Monday. OPEC+ sticks to its plan for gradually increasing the output amid stronger demand for petroleum products. The decision of the cartel to increase production gradually has pushed .....
US natural gas futures hit seven-year highs
October 01, 2021 01:37 PM AEST| By Arpit VermaHighlights The prices of US natural gas futures surged significantly. The market deficit in Europe has pumped the US gas supplies to record high levels. US utilities added nearly 88 billion cubic feet of gas into storage in the week ending 24 .....
Crude oil steadies on China’s plan to buy more oil
October 01, 2021 12:11 PM AEST| By Arpit VermaHighlights Crude oil prices traded nearly flat on Thursday. China plans to buy more oil to meet its rising energy demand. US crude oil inventories have risen with recovery in the Gulf Coast operations. Crude oil prices traded nearly flat .....
Extraordinary coal price rally to drive Australian resource exports to $349 Billion
September 30, 2021 03:55 PM AEST| By Anam SiddiquiHighlights Australian resources and energy exports are forecast to hit A$349 billion in 2021–22, up from A$310 billion in the previous year. Coal is witnessing significant demand, driven by global economic recovery, while supp.....
Oil dips on rising US crude inventories
September 30, 2021 01:25 PM AEST| By Arpit VermaHighlights Crude oil prices dip on Wednesday. US crude stockpiles rose significantly by 4.6 million barrels during the last week. The production in the US has failed to reach 2019 levels. Crude oil prices dip on Wednesday followed by a ra.....
Copper dips on the second consecutive day over China’s power crisis
September 30, 2021 01:19 PM AEST| By Arpit VermaHighlights Copper dips on Wednesday due to the ongoing power crisis in China. China’s ongoing power crisis is expected to affect the global supply and demand. A rise in the US dollar has also weighted copper prices as a higher US dollar .....
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