The Dalia offshore oilfield in Angola, which pumps 200,000 barrels per day (bpd), is set to undergo planned maintenance for more than a month beginning on February 20, a spokesperson for the operator of the field, French supermajor TotalEnergies, told Reuters on Tuesday. The maintenance, which is expected to last for 35 days, will significantly reduce oil supply from Angola to the international markets. Only 30 cargoes – an unusually low number – are set to depart from Angola in March, according to Reuters. Angola may not export any…
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Oil Prices Drop Ahead Of Fed Announcement
After reversing last week’s rout and rising for two consecutive days earlier this week, oil prices were down on Wednesday morning in Asian trade ahead of a Fed update on interest rates and other monetary policy measures. At the time of writing, Brent c...
Robust EV Demand Sends Argentina’s Mining Exports To A 10-Year High
Exports of mined commodities from Argentina hit the highest in 10 years in 2022 driven by demand for EV battery metals, notably lithium. Argentina made $3.86 billion from mined commodity exports last year, Reuters reported, citing government data, with...
Consumer price index. UK, 09:00 (GMT+2)
At 09:00 (GMT+2) in the UK, February data on the consumer price index will be released. It is the main indicator of inflation in the country and determines the change in retail prices for a certain “basket” of goods and services (food, transport, utili...
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Oil Prices Drop Ahead Of Fed Announcement
After reversing last week’s rout and rising for two consecutive days earlier this week, oil prices were down on Wednesday morning in Asian trade ahead of a Fed update on interest rates and other monetary policy measures. At the time of writing, Brent c...
Robust EV Demand Sends Argentina’s Mining Exports To A 10-Year High
Exports of mined commodities from Argentina hit the highest in 10 years in 2022 driven by demand for EV battery metals, notably lithium. Argentina made $3.86 billion from mined commodity exports last year, Reuters reported, citing government data, with...
Consumer price index. UK, 09:00 (GMT+2)
At 09:00 (GMT+2) in the UK, February data on the consumer price index will be released. It is the main indicator of inflation in the country and determines the change in retail prices for a certain “basket” of goods and services (food, transport, utili...
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