Laos Expecting Possible ‘gaps’ in fuel supply as prices soar

On Monday, a major gas supplier to Laos said that the country might face some gaps in Petrol supplies after the government had to hold an emergency meeting for addressing the soaring prices of fuel and panic buying in the country.

Several petrol stations had to be shut down last week, c...

Saudi Arabia and the UAE Could Assist the Oil Market

The International Energy Agency (IEA) said that Saudi Arabia and the United Arab Emirates (UAE) could aid in calming oil markets if they increased their pumping of the crude oil.

The Paris-based agency, Brent Crude, said in its monthly oil report, “These risks, which have broad ec...

The US to See Increase in Oil Market Despite the Government's Green Agenda

The Energy Information Administration of the United States has announced its oil production predictions for the coming years. The forecast shows that the industry is set to break all records after the pandemic lows despite the pledge of the Biden administration to transition towards cleaner and r...

Find out the Global Essential Oils Market Research and Analysis 2021

In terms of revenue, essential oils market was valued at US$ 7394.69 Mn in 2020 growing at a CAGR of 9% over the forecast period (2021 – 2029). High demand from end use industries along with increasing scope of applications of essential oils in the cosmetics and personal care sector is fuel...

What are the factors driving the growth of Global Sea Buckthorn Oil Market? Forecast 2021– 2029 – A Report by Absolute Market Insights

Sea buckthorn oil plays an important role in the lives of people who prefer to consume natural and organic products for healthy heart and healthy skin. The sedentary lifestyle, especially in urban facilities, is causing numerous health-related complications in individuals. Sea buckthorn oil is an...

THE DEMAND-SUPPLY OF OIL MARKET IS WEAKENING

Highlights:

• The crude market is experiencing a crunch due to the coronavirus pandemic.
• Brent crude oil futures for July is fetching smaller premiums as compared to August barrels.
• Shipments are expected to accelerate towards Europe from thi...

Global Electrode Foil Market will grow to US$ 17,178.6 Mn by 2027 at CAGR of 4.6%

Advancements in electronic systems led to development of compact electronic components with high performance. Performance requirement of electronic components has been met by ongoing material developments. For instance, Toyo Aluminium K.K provides a composite material for electrodes that has carb...

MAY 2020 SPELLS GAINS FOR OIL: WESTERN TEXAS INTERMEDIATE CLOSES AT 88% FOR MAY

Highlights:

• Balance in the demand and supply restored for oil
• With reopening of the economies, oil gets another boost

Post the historic dip to below zero in April 2020, oil has made a miraculous recovery. It was actually a matter of time since this w...

IOC READY TO SUPPLY OIL FOR BS-VI

Highlights:

• IOC has invested Rs. 17,000 crores to upgrade its refinery for BS-VI.
• Prices of the oil must be increased marginally from April 1, 2020.
• Oil marketing companies (OMCs) invested Rs. 35,000 crores to upgrade their refineries.
...

Next week's OPEC+ meeting will be important for the oil market

Brent has come under pressure (a bit lower than $64.6 per barrel on Friday) after a spate in profit-making based on the rising US inventory, two months earlier in the week, which was driven by optimistic rumors over the US-China trade deal (even if partial).

The production of oil in the...