Energy

Understanding Brent Escalation, Currency Rate Adjustment, and Density-Based Price Adjustment in Oil Product Contracts

In international petroleum trading—especially with refined products like EN 590 (10 ppm diesel)—pricing accuracy and risk mitigation are essential. Three...

Energy

Bonny Light Crude Oil

Why Bonny Light Crude Oil Remains a Top Choice for Global Buyers IntroductionIn the competitive world of global crude oil trading, not all crude grades are...

Energy

Nigerian Petroleum Production & NNPC Capacity

In recent years, Nigeria’s crude output has hovered around 1.5–1.7 million barrels per day (mbpd) including condensates. For 2024 the Nigerian Upstream...

Energy

Clarifying the Difference Between URDG 758 and UCP 600 in SBLC (MT760) Transactions

Introduction: In international trade  especially in off-take agreements  misunderstandings often arise when Standby Letter of Credit (SBLC) procedures are...

Energy

The Role and Importance of This Formula in International Oil Trade

EN 590 10 ppm diesel is a low-sulfur diesel fuel widely used in markets that demand high environmental standards, particularly across Europe. In international...

Energy

Druzhba Pipeline: The Artery of Russian Oil Exports and Its Global Strategic Significance

The Druzhba Pipeline, also known as the Friendship Pipeline, is one of the most significant and extensive oil transportation networks in the world. Stretching...

Energy

Baku–Novorossiysk Oil Pipeline: Technical Overview & Geopolitical Relevance

The Baku–Tbilisi–Ceyhan pipeline. Photo credit: Wikimedia Commons / Thomas Blomberg The Baku–Novorossiysk oil pipeline was Azerbaijan’s first...

Energy

Caspian Pipeline Consortium (CPC): Strategic Backbone of Kazakhstan’s Crude Oil Exports and Its Geopolitical Implications

The Caspian Pipeline Consortium (CPC) is a vital conduit for Kazakhstan’s crude oil exports, extending over 1,500 kilometers from the Tengiz oil field in...

Energy

Crude Oil Prices Under Pressure: Supply Surplus and Weak Demand Shake Global Markets

🛢️ Overview Crude oil prices have experienced a significant decline over the past week, driven by a combination of supply-side pressures and weakening...

Energy

Liquefied Natural Gas (LNG)

Liquefied Natural Gas (LNG) is natural gas cooled to approximately -162°C (-260°F), transforming it into a liquid state. This process reduces its volume by...

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