Category: oil
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Hormuz shutdown ramifications: Oil price hike to hit $100 as Asia-Europe LNG battle looms
Hormuz shutdown ramifications: Oil price hike to hit $100 as Asia-Europe LNG battle looms As the closure of the Strait of Hormuz, through which 15% of global oil and 20% of global liquefied natural gas (LNG) supply flows, evokes fears of a major energy shock, analysts at Wood Mackenzie, an energy intelligence group, have warned…
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Trafigura buying oil from Brazilian player’s Santos Basin field
Trafigura buying oil from Brazilian player’s Santos Basin field Brazil’s oil and gas company Brava Energia has signed a contract with global commodity trading group Trafigura for the sale of oil produced at the former’s field in the Santos Basin offshore Brazil. The post Trafigura buying oil from Brazilian player’s Santos Basin field appeared first…