The IEA estimates that 3 million bpd of Russian oil supply could be lost starting in April. This is much higher than the 1 million bpd hit to demand this year the agency now predicts could come from high energy prices, inflation, and the Russian invasion of Ukraine.
The IEA estimates that 3 million bpd of Russian oil supply could be lost starting in April. This is much higher than the 1 million bpd hit to demand this year the agency now predicts could come from high energy prices, inflation, and the Russian invasion of Ukraine.
The IEA estimates that 3 million bpd of Russian oil supply could be lost starting in April. This is much higher than the 1 million bpd hit to demand this year the agency now predicts could come from high energy prices, inflation, and the Russian invasion of Ukraine.
ICON been consolidating for some time now. It’s about time for big boys to throw their wild card here as the Company presented profitable quarters and wins recently. With crude price soaring, new contracts on shipping will be very profitable
Oil prices rallied early on Monday amid EU consultations about potentially joining the U.S. in banning imports of Russian oil. As of 7:45 a.m. ET on Monday, WTI Crude was up 3.87% at $108.91 and Brent Crude was trading up 3.93% at $112.30.
NEW YORK, March 23 (Reuters) - Oil prices jumped 5% to over $121 a barrel on Wednesday as disruptions to Russian and Kazakh crude exports via the Caspian Pipeline Consortium (CPC) pipeline added to worries over tight global supplies. The situation adds to market worries about the ripple effect of heavy sanctions on Russia, the world's second-largest crude exporter, after its invasion of Ukraine. The CPC pipeline is a significant supply line for global markets, carrying around 1.2 million barrels per day of Kazakhstan's main crude grade, or 1.2% of global demand.
Brent crude futures settled up $6.12, or 5.3%, to $121.60, while U.S. West Texas Intermediate (WTI) crude futures rose $5.66, or 5.2%, to $114.93 a barrel. Oil benchmarks have been steadily rallying since Russia invaded Ukraine a month ago in what it calls a "special operation" and United States and its allies slapped heavy sanctions on that nation, disrupting worldwide oil trade. Russia exports between 4 million and 5 million barrels of crude every day, making it the world's second-largest exporter behind Saudi Arabia. Analysts have varying estimates of how much oil will be unable to make it to market.
Lousiest stock. Although high optimism. But share price still lagging confidence from investors. Almost 4 quarters showing profit, but share price flat
since listing FYE 2014 59.34mil profit highest FYE 2015 to 2019 all making lost due to low oil price FYE 2020 31.30mil profit third highest FYE 2021 32.00mil profit second highest
but now should be back on track, share price should be moving
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
newguy0801
1,616 posts
Posted by newguy0801 > 2022-03-14 19:05 | Report Abuse
Before Sapura comes out of drowning, ICON is already out there making a profit.