The Intercontinental Exchange has received regulatory approvals from several jurisdictions, including the Bank of England and the Monetary Authority of Singapore, to support its launch of a Murban futures contract on an Abu Dhabi-based exchange, an official said Jan. 13.
The report by Airswift, the global workforce solutions provider for the energy, process and infrastructure sectors, and Energy Jobline, the world’s leading jobsite for the energy and engineering industries, reveals that 78% of oil and gas professionals feel less secure in their jobs than they did a year ago.
Stock markets had a relatively quiet session yesterday as there wasn’t any major news to influence sentiment in one way or another.
Asian naphtha prices strengthening to an almost 12-month high as propylene prices weaken has narrowed the propylene-naphtha spread to a four-month low, S&P Global Platts data showed Jan. 13.
Oil prices eased for a second day on Thursday as mounting coronavirus cases globally raised demand concerns, although a drawdown in U.S. crude stocks for a fifth straight week capped losses.
Correlation between the Market Bunker Price Index () vs MABUX Digital Bunker Price Index (DBP) in four major hubs on Jan.12 showed undercharging of 380 HSFO bunker grades in Singapore (-7 USD), Fujairah (-1 USD) and overcharging in Houston (+16 USD).
Resident of Rivers State and other states in the Niger Delta Region have in the last five years complained of persistent soot, dropping and covering everywhere.
Hedge fund managers are starting to diverge over the likelihood of further oil price increases as Brent futures surge above $50 per barrel and global coronavirus infections accelerate.
Oil hit an 11-month high just below US$57 a barrel on Tuesday, bolstered by Saudi Arabia’s plans to limit supply, offsetting worries that rising coronavirus cases globally would curtail fuel demand.
Justin Trudeau’s decision to shuffle his cabinet is the strongest sign yet that he could soon send Canadians to the polls.