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MERCURIA OIL DEAL
A tiny oil lifeline reopens through tense Hormuz after months of chokeholdMore oil tankers are navigating the Strait of Hormuz. This offers some relief to the global oil market. Several ships carrying crude oil ha...- Commodity traders now cozy up to TrumpDonald Trump's administration is actively engaging in commodity dealmaking, a significant shift for historically apolitical traders. Proxim...
- Iran war puts Middle East Dubai oil benchmark under stress as prices soarThe halting of oil exports through the Strait of Hormuz has left the Dubai Middle East benchmark, the price used to value nearly a fifth of...
- Indian Oil buys six million barrels crude from West Africa & Mideast, traders sayIndian Oil Corporation has secured six million barrels of crude oil from West Africa and the Middle East. This move signals India's departu...
- Indian Oil buys Angola, Brazil, UAE oil to replace Russian crude, sources sayIndian Oil Corp has secured 7 million barrels of oil for March loading, diversifying away from Russian supplies. The refiner is boosting im...
- Vietnam makes first US oil purchase in 2025, sources sayBinh Son Refining and Petrochemical, Vietnam, will buy one million barrels of U.S. crude for November. This marks Vietnam's first U.S. oil ...
- Indian Oil Corp buys 7 million barrels US, Mideast crude after Russian oil pause: reportIndian Oil Corporation has purchased seven million barrels of crude oil. The oil is sourced from the United States, Canada, and the Middle ...
- India's BPCL buys first Argentinian crude oil cargo for Feb deliveryIndia's Bharat Petroleum Corp Ltd (BPCL) has purchased its first crude oil cargo from Argentina, acquiring 1 million barrels of Medanito cr...
- JSW Infra looks to bid for ports under govt's privatisation planJSW Infrastructure is reportedly among 10 companies, including Dutch dredging contractor Royal Boskalis Westminster N.V, Rail Vikas Nigam L...
- Oil falls over 2% after Saudi pledge; investors keep wary eye on IsraelPrices settled slightly lower on Tuesday after Saudi Arabia said it was working with regional and international partners to prevent an esca...
- JPMorgan faces oil bribery probe in BrazilSo far, police have focused their attention on purchases of roughly 300,000 barrels of Petrobras fuel oil by JPMorgan in 2011 according to ...
- OPEC+ faces growing pressure to change course as ministers meetWith oil stuck at around $40, and more supply coming online from Libya, the cartel is now under pressure to revise its plan to ease those o...
- Oil heavyweights Saudi Arabia and Russia look ready for a showdownThe biggest headwind to oil demand comes from reduced trade, weakened economies and the knock-on effects of business closings and job losse...
- Europe’s banks fall out of love with commodity tradersFor the past half century, a small group of European banks has financed the trade in natural resources, forging a symbiotic relationship wi...
- Oil traders made billions in 2019 as conflict shook the marketConsensus is that the industry benefited from a lucky mix of factors in the oil market.
- Commodity traders lament world where everybody knows everythingIt’s critical for traders to evolve as margins have declined because of more transparency.
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