An estimated 60-plus vessels carrying imported gasoline, diesel and fuel are stranded off the coast of Mexico due to storage bottlenecks, Bloomberg reports.
Scores Of Fuel Ships Stranded Off Mexico As Pemex Debt MountsCanada Sends Repaired Gazprom Turbine To GermanyAuto Sales Are Slipping As Recession Fears Grip MarketsGermany: Return Of Coal And Oil Power Plants Is Only TemporaryGazprom Declares Force Majeure On Some Gas Deliveries To EuropeGermany Faces Coal Supply Crisis As Rhine River Waters DwindleLibya’s ‘New’ NOC Chair Vows Oil Will Flow Within A WeekBig Oil Poised For “Exceptional” Earnings Thanks To High Refining MarginsBiden Likely To...
Gasoline Prices Set To Fall Below $4India Mulls Easing Its Windfall Tax As Oil Prices FallChina Considers Lifting Australian Coal Ban Fearing Supply SqueezeLow French Nuclear Output Is Bad News For The UKShell Chief Warns Europe Could Be Forced To Ration Energy This WinterEnergy Security Trumps Climate As EU Agrees To Pipeline ExpansionTrudeau: Decision To Return Russian Gas Turbine Was “Very Difficult”Italy Makes Headway In Reducing Its Reliance On Russian Natural GasBiden: Inflation Data Does...
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China’s Fuel Exports Plunge | OilPrice.comChina’s exports of gasoline and diesel slumped in the first half of 2022, per customs data out on Monday, as Chinese authorities continued to work to reduce overseas sales of fuels and allocated lower export quotas to refiners
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Tanker Companies Race To Ship Russian Oil Ahead Of New Sanctions | OilPrice.comTanker companies, especially Greek operators, are racing to ship as much Russian oil as they can before new sanctions come into effect
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$100+ Oil Is Back For The Long Haul | OilPrice.comOil prices gained over 4.6% on Monday as the market attempted to digest developments in the Middle East, and as the dollar weakened slightly.
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The Commodities To Benefit From China’s Stimulus Plan | OilPrice.comLocal governments in China sold 1.94 trillion yuan (US$289 billion) worth of bonds in June to fund infrastructure spending.
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Refinery Shuts Down Due To Lack Of Crude | OilPrice.comA South African refinery has shut down operations and declared force majeure on the supply of petroleum products due to a delay in the shipment of crude, which highlights the fact that the physical market for crude is tight these days
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