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Tag: storage

Comment on Oil market

Comment on Oil market By Michael Brown Senior Research Strategist at Pepperstone Having ended 2024, and begun 2025, in strong fashion, some wind has come out of crude's sails over the last couple of sessions, amid headwinds stemming from a chunky build in US inventories, as well as profit taking upon a brief move north of $75bbl in WTI, as the front future traded to its...

Oil price exceeds $74 after inventory drop.

Oil price exceeds $74 after inventory drop. by Antonio Di Giacomo, Senior Market Analyst at XS.com West Texas Intermediate (WTI) crude oil experienced a slight increase following the settlement session on Tuesday, January 7, 2025, driven by data released by the American Petroleum Institute (API). This organization reported a significant decline in U.S. weekly crude oil inventories, far exceeding initial expectations. These figures triggered a positive reaction...
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Slump in fuel demand and lack of storage capacity force Indian refiners to issue force majeure notices

Slump in fuel demand and lack of storage capacity force Indian refiners to issue force majeure notices The extended lockdown announced by India to curtail...

Migrating Banking Data: how to ensure a smooth process

Migrating Banking Data: how to ensure a smooth process The latest trends in banking and fintech suggest data migration may be either an elective tool...