News list for " Oil Supply"
Gold Ten Futures, December 6th, according to foreign media reports, CBOT soybean futures closed higher, as Statistics Canada lowered its forecast for rapeseed production, causing market concerns about the tightening of global vegetable oil supply, boosting soybean oil and other vegetable oil prices, which in turn boosted soybean market sentiment. However, the soybean market is still under pressure from the rains in South America, and the January contract encountered strong resistance at the 20-d...
On Monday, Statoil said it had halted production at Johan Sverdrup, the largest oil field in Western Europe, due to an onshore power outage, but there was no clear timetable for a restart. Oil prices rose on the news, following a surge in oil prices affected by the escalation in Russia and Ukraine. UBS analyst Giovanni Staunovo said oil prices were boosted by the news as supply disruptions could tighten the North Sea crude market. Physical supply of North Sea crude supports Brent crude futures.
Gold Ten Futures, November 1st, according to foreign media reports, the monthly report released by the oil world shows that the global soybean supply in 2024/25 is sufficient, but the supply of sunflower seeds and rapeseed is tight. It is expected that the global soybean supply in 2024/25 is close to 530 million tons, a significant increase of 38 million tons from the 2023/24 year. Among them, the initial inventory increased by 10 million tons year-on-year, while the output increased by 28 milli...
International Energy Agency (IEA): Global oil supply will increase by 660,000 barrels per day in 2024 and 2.10 million barrels per day in 2025.
According to delegates, OPEC + is close to reaching an agreement on delaying the increase in oil supply.
The governor of Libya's central bank believes that oil supplies will be restored soon.
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