Uncertainty remains rife within oil markets after production cuts from Saudi Arabia were countered by economic concerns in the U.S., China, and Europe. Rumors that a U.S.-Iran deal was back on the table sent prices tumbling on Thursday
to merge, listing at the New York exchange and confirming Harbour’s move away from the North Sea. that diesel demand in the country would drop through 2024 despite economic growth, with distillate-weighted manufacturing declining by 1.1% even though they expect US GDP to grow by 1.3% in 2023. the destruction of the Kakhovka dam would deprive of water supply to some 500,000 hectares of highly fertile land in three regions, requiring years to fully repair the damage to irrigation.
Canada’s largest oil refiner Irving Oil, operating the 320,000 b/d Saint John, NB refinery and the 75,000 b/d Whitegate refinery in Ireland, isADVERTISEMENTto introduce a price floor for the country’s 35% windfall tax, meaning the levy would be removed if oil prices sustainably drop below $71.40 per barrel and gas prices below $0.54 per therm.
has received the final approval from Argentina’s environment ministry, seeking to start natural gas production in 2025 and produce some 10 MMCm per day within a couple of years.One of the world’s largest producers of uranium, diamonds, and lithium, the government of Namibia has the export of unprocessed minerals which are deemed critical for the domestic mining industry, despite an EU trade deal last year.
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