Monday, March 31, 2025

Oil Traders News

Ministers and executives say that if sanctions are eased, Europe will avoid Russian energy.

Ministers and executives at a Houston conference said that European buyers will not return to Russia's Energy Sector if the sanctions are lifted. The bloc has diversified its power mix by using renewable energy and alternative suppliers of gas.

Gunvor CEO: Global oil supply is growing faster than demand.

Gunvor's CEO, one of the largest oil traders in the world, stated on Monday that global oil supply is growing faster than demand. Last week, oil prices fell to a three-year-low due to a slowdown in demand…

Gunvor CEO: Global oil supply is growing faster than demand

Gunvor, one of the largest oil traders in the world, said that the global oil supply is growing faster than the demand. Last week, oil prices fell to their lowest level in three years due to a slowdown…

Palm oil traders are looking for more clues as they try to predict the future of the market.

Malaysian palm futures were trading in a narrow range on Wednesday, as participants awaited further cues from a conference. A weaker ringgit was also a factor in the market's support. By midday, the benchmark…

Indonesia is expected to complete the full implementation of B40 Biodiesel by March

Eniya Listeiani Dewi, an official with the energy ministry, said that Indonesia is expecting its B40 Biodiesel Programme, which aims to reduce its dependence on diesel fuel imported from abroad, to be fully implemented next month…

India demands that Russian oil suppliers comply with sanctions

India, the world's No.2 importer of crude oil from Russia, wants to buy Russian oil only if it is supplied by companies and ships that have not been sanctioned by the United States. India, the No. 2 importer from Russia of crude oil…

Additional Sanctions Possible for Russian Oil tankers

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The Biden administration plans to impose more sanctions on Russia over its war on Ukraine, taking aim at its oil revenues with action against tankers carrying Russian crude, three sources with knowledge…

Market uncertainty caused by Indonesian B40 palm oil delays

Indonesia is yet to implement the higher blend of biodiesel that was planned for January 1, as industry participants are awaiting technical details of the regulation. This has caused confusion among palm oil dealers.

Oil Rises on Lebanon Fears, possible OPEC cuts

Oil prices rose more than 2% on Tuesday as Israel threatened to attack the Lebanese state if its truce with Hezbollah collapses, and as investors positioned for OPEC+ to announce an extension of supply…

Oil Dips 2% as Hurricane Fears Ease

Oil prices fell more than 2% on Friday as traders grew less fearful of prolonged supply disruptions from a hurricane in the U.S. Gulf of Mexico, while China's latest economic-stimulus packages failed to impress some oil traders.U.S.

Kemp: Oil bears focus attention on low demand and planned production boost

Investors remain resolutely pessimistic about the future of petroleum prices, despite growing confidence that the U.S. Federal Reserve is going to cut interest rates in order to stimulate consumer spending and business investment.

Kemp: Oil bears focus attention on low demand and planned production boost

Investors remain resolutely pessimistic about the future of petroleum prices, despite growing confidence that the U.S. Federal Reserve is going to cut interest rates in order to stimulate consumer spending and business investment.

OPEC faces a moment of truth about planned output increases: Kemp

Saudi Arabia and its OPEC allies will have to make a difficult decision in the coming weeks. They must decide whether they want to proceed with production increases planned for October or postpone them due an uncertain economic outlook.

Kemp: Oil investors reduce positions to a record low amid financial meltdown.

Investors reduced their positions in petroleum to the lowest levels for at least 10 years early last week as part of a general retreat from risk amid growing concerns about a global slowdown. Over the course of the week ending August 6…

Kemp: Oil investors reduce positions to record lows amid financial meltdown.

Investors reduced their positions in petroleum to the lowest levels for at least 10 years early last week as part of a general retreat from risk amid growing concerns about a global slowdown. Over the course of the week ending August 6…

Dangote Refinery: Nigeria must enforce crude oil supply to local refiners

The Dangote Oil Refinery called on Nigeria's regulator of upstream oil to enforce a law which stipulates that producers supply local refineries. It said that the lack of enforcement increased its operating costs.

Kemp: Oil traders focus on economy, not dwindling stock.

The oil prices have fallen in recent weeks, as traders focus their attention on a potential slowdown of the major economies. At the end of the month of June, the Organization for Economic Cooperation and Development's (OECD) advanced economies had 2…

Kemp: Oil traders focus on the economy, not dwindling stock

© Orxan / Adobe Stock

The oil prices fell in recent weeks, as traders looked past the depletion of global inventories and focused on a future threat that could be posed by the possible slowdown of major economies.At the end of the month of June…

Mercuria Teams Up with Envysion for Project Investment

© Igor Groshev / Adobe Stock

Trading house Mercuria and Singapore-based asset manager Envysion Wealth Management have agreed to co-invest in mining and energy projects, as default-hit banks tighten their purse strings and leave commodities firms seeking other funding.The deal…

Finance: Investors Become Super-Bullish on Oil

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Portfolio investors have piled into petroleum futures and options at the fastest rate since the first successful coronavirus vaccines were announced in late 2020.China’s exit from a zero-COVID strategy…

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