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U.S. Oil Rig Count Falls Despite Stabilizing Crude Prices

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Baker Hughes reported on Friday that the number of combined oil and gas rig count in the US fell yet again this...

Hit by 40% revenue slump, commodity trade finance faces bank retreat,...

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With commodity trade finance suffering from low volumes and high loan losses during the coronavirus pandemic, banks are retreating from the...

Asian HSFO struggles to woo medium sulfur fuel oil despite price...

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Singapore — Despite firm values of high sulfur fuel oil in Asia, medium sulfur fuel oil is still heading to the low...

Oil Traders Discount Crude As Chinese Demand Weakens

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Oil producers such as Iraq, Russia, and the UAE are lowering their crude oil prices to make it salable as demand from...

Singapore exports surge 16.1% in June, beating forecasts

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SINGAPORE (Reuters) - Singapore’s June non-oil domestic exports (NODX) jumped 16.1% from a year ago, beating forecasts, official data showed on Friday,...

Russia supplies first shipment of Arctic oil to China

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Russian energy giant Gazprom Neft has started supplying crude from its Novy Port Arctic oil field to China. The first batch amountingto...

Jellinbah extends Lake Vermont coking coal mine

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Private-sector Australian coal producer Jellinbah has signed a A$2.5bn ($1.7bn) contract to continue mining at its 8mn t/yr Lake Vermont hard...

Singapore seeks to appoint two new LNG term importers

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SINGAPORE (Reuters) - Singapore’s Energy Market Authority is seeking to appoint two new liquefied natural gas (LNG) term importers for the ...

UK court lifts interim injunction against Argus

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The High Court in London today lifted an interim injunction imposed on Argus and its competitor Platts preventing both news organisations from...

Gold gaining 0.1% – Profit-taking action could be seen

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The gold futures contract lost 0.93% on Monday following Friday’s bounce from the recent local highs. Gold is still trading...
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