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As oil races toward US$100 per barrel, consumers tell OPEC+ enough is enough

For the past year, oil-consuming countries have become increasingly anxious at crude’s resurgence: first to US$50 a barrel, then US$75 and now to more than US$85.
When Russian President Vladimir Putin, one of the leaders of the OPEC+ cartel, said that US$100 a barrel was a distinct possibility, the alarm bells really started ringing.
West Texas Intermediate crude for December delivery on Friday rose US$0.76 to US$83.57 a barrel, little changed from last week’s US$83.76 a barrel.
Brent crude for January delivery on Friday rose US$0.06 to US$83.72 a barrel, but fell 2 percent from last week’s US$85.53 a barrel.
Now, as quickening ....

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Japan's refiners unsure they can supply all oil requested for winter power: PAJ chief

Japanese refiners have received oil supply requests from local power utilities for winter amid high spot LNG prices, but are unsure if they will be able to meet all the demand, Petroleum Association of Japan President Tsutomu Sugimori said Oct. 27. “Spot LNG prices have substantially jumped from tightening supply, like what happened in last . ....

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Gas prices at the pumps soaring along with home heating costs | The Asahi Shimbun: Breaking News, Japan News and Analysis

As fuel prices skyrocket higher and higher, consumers and industries across Japan are reeling from the white-knuckle ride. ....

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Japan's Utilities Look To Switch To Oil As LNG Prices Soar

Oil refiners in Japan have been asked by power-generating firms to provide additional oil supply to utilities, which are struggling to secure liquefied natural gas (LNG) at very high prices ....

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Bunkerworld News - Japan's refiners unsure they can supply all oil requested for winter power: PAJ chief

Bunkerworld News - Japan's refiners unsure they can supply all oil requested for winter power: PAJ chief
bunkerworld.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bunkerworld.com Daily Mail and Mail on Sunday newspapers.

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