Crude Oil Nov 23 (CLX23.NYM)
| Pre. Settlement | N/A |
| Settlement Date | 2023-10-20 |
| Open | 75.52 |
| Bid | 75.25 |
| Last Price | 75.00 |
| Day's Range | 74.07 - 75.66 |
| Volume | |
| Ask | 75.28 |
- Reuters
Price cap on Russian refined fuels set to disrupt trade
The European Union's ban on imports of Russian refined oil products, including diesel and jet fuel, will disrupt global flows once it takes effect on Sunday and could hurt Moscow more than an embargo on crude oil. Although Western sanctions could force Russia to cut crude production and refining runs, which would further tighten global supplies, some analysts said the ban on products may ultimately have little impact on overall availability. "Barrels will get out and find a market, logistical challenge but not a supply challenge," senior research associate Ian Moore at global brokerage firm Bernstein.
- Bloomberg
OPEC Output Slides as Group Sticks With Deal to Balance Market
(Bloomberg) -- Most Read from BloombergMerck Covid Drug Linked to New Virus Mutations, Study SaysAdani Crisis Deepens as Stock Rout Hits $108 BillionPorsche Blunder Puts $148,000 Sportscar on Sale for Just $18,000Plenty of Americans Are Drinking Bleach, Still for Sale on AmazonHong Kong to Give Away 500,000 Air Tickets to Revive TourismOPEC’s crude output edged lower last month as the group pressed on with an accord to keep global markets in balance.The Organization of Petroleum Exporting Countr
- Reuters
Japan utilities boost efforts to cut coal import costs, improve energy security
Japanese power utilities are stepping up efforts to cut thermal coal import costs by switching to lower quality grades and widening import sources, company officials said, as Tokyo looks to fight inflation and boost energy security. The measures include burning more of cheaper low-to-mid-grade coal and seeking new suppliers in Africa and South America, they said, as the world's No. 3 coal importer has sharply reduced imports from Russia, sanctioned for its invasion of Ukraine.
