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Energy Market Update – January 26, 2024

The energy markets continue to be highly volatile. In today’s Energy Market update we will discuss the news that is driving these markets. The Red Sea. There have been multiple attacks on shipping vessels in the Red Sea by the Houthi militia group. They have vowed to continue attacks until aid reaches Palestinians in Gaza.

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Energy Market Update – December 12, 2023

Chinese refiners demand for Saudi Aramco crude oil for January is the lowest in five months. Higher than expected prices prompted buyers to look for cheaper supply. About 40 million barrels were nominated by Chinese refiners for January loading, this is down from about 46 million for December, trading sources said. This is the lowest

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Energy Market Update – November 3, 2023

The energy markets seem to be taking a little breather today. At the time of this writing markets are down across the board. Let’s look at some of the news affecting the markets. The U.S has increased sanctions against Russia over the war in Ukraine. Seven Russian banks along with a dozen companies were added

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Energy Market Update – October 11, 2023

At the beginning of October, we were seeing big drops in distillate prices, gas pricing was falling as well. That changed at the beginning of this week with the conflict in the Middle East. Monday and Tuesday this week had the markets spiking upwards on crude and distillate, with gas staying relatively quiet. Today the

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Energy Market Update – September 27, 2023

Energy Market Update – September 27, 2023 Crude and products are moving higher today. We are continuing to see a battle between tight supply and impacts of high interest rates and how they affect demand. Saudi Arabia and Russia’s plan to keep collective production cuts of 1.3 million barrels per day in place through the

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Energy Market Update: July 14, 2023

Energy Market Update: July 14, 2023 Production shutdowns in Libya and Nigeria have led to strain on inventories and strengthened demand for US crude. Libya is shut down due to protest at some of their oil fields. This has resulted in halting nearly 370K barrels per day. Shell shut down Nigeria’s loading into a terminal.

Energy Market Update: July 14, 2023 Read More »

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