Russian Urals crude differentials fell 93 cents/b day on day to a new record wide discount to Dated Brent amid growing international condemnation of Asian crude purchases and renewed calls for further Russian oil sanctions. Russian Urals cargoes basis CIF Rotterdam were assessed at a new record low of Dated Brent minus $30.99/b and for .
Oil prices rallied on Wednesday morning following the supply outage at the CPC export terminal in Kazakhstan, and bullish EIA inventory data further reinforced the bullish sentiment
Energy and commodity markets are in shock after Russia’s invasion of Ukraine, the world’s top trading firms said on Tuesday, warning of gas and diesel shortages in Europe and economic recession if Russian flows fall further. Prices across gas, oil, metals and agricultural markets have soared since the invasion and become so volatile that companies .
Neon Nettle - World’s Biggest Energy Traders Issue Warning: ‘Gas Stations Will Run Dry’ - as much as 3 million barrels of oil and its products a day could be lost