The Daily Journal — Venezuela’s oil exports declined in July as demand from India weakened after the ceasefire in the conflict involving Iran allowed Middle Eastern crude cargoes stranded in the Persian Gulf to reach international markets, Bloomberg reported. July data tracked by Kpler Ltd. show that shipments of Venezuelan crude to India, one of […]
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Audio: https://clyp.it/4ea30czb Julio A. López, Editor-in-Chief.— Physical crude oil prices in the Middle East, Europe, and Africa reached two-month highs this week, with some grades approaching $110 a barrel, as supply disruptions linked to the wars in Iran and Ukraine are forcing buyers to scramble for alternative sources of crude. Brent Breaks Through the $100 Ceiling […]
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Audio: https://clyp.it/sleaff2l Julio A. López, Editor-in-Chief.— Two oil tankers carrying Saudi crude bound for China and India reversed course in the Red Sea on Tuesday after Yemen’s Houthis announced a naval blockade against Saudi Arabia on Monday, opening a third active front in the U.S.-Iran war and directly hitting the kingdom’s last remaining escape route for […]
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