... of the agreement between Washington and Tokyo on tariffs, along with hopes for a US-EU compromise, have imbued the market with optimism, outweighing supply-increasing factors. Reports emerged that US authorities might partially ease restrictions on oil production in Venezuela, potentially allowing Chevron and other partners of PDVSA to increase heavy crude exports by more than 200,000 barrels per day. However, these plans are only moderately supporting prices at present, as traders account for gradual ...

... expectations towards a pause in the tightening cycle, which is crucial for assessing the economic outlook in Canada. 23:30 (USA) – API Oil Inventory Report (Weekly): An independent statistical bulletin from the American Petroleum Institute on crude oil and petroleum product inventories. Although the API data is preliminary, a sharp reduction in weekly stocks may trigger an increase in oil prices before the official EIA release, while unexpected inventory growth could increase pressure on oil prices during the Asian ...

B2B marketplaces are changing the rules of trade in the raw materials sector. Let's explore how these platforms operate, their benefits for suppliers, buyers, and carriers, and why Open Oil Market is becoming a convenient solution for all participants in the supply chain. B2B Marketplaces: A Modern Solution for Raw Material Trading Can you buy petroleum products in bulk today as easily as ordering a book from an online store? Just a short while ago, such a level of convenience seemed impossible in the wholesale raw material trade. Today, it is a reality: these platforms are rapidly gaining popularity ...

... he started developing his first business—selling construction hardware, doors, and flooring—but the narrow scope of the niche prevented him from achieving the scale he was aiming for. The next niche in which he continued to develop was petroleum products. This led to the creation of Oil Resource Group LLC. Sergey has always been convinced that the most important thing in a team is people, no matter how popular the trend toward process automation may be. His love of innovation and modern business technologies led Sergey to believe ...

... Giandujot paste in 1946—a mixture of cocoa and local hazelnuts sold in bar form. In 1951, a creamier version named Supercrema was introduced. In 1963, Pietro’s son, Michele Ferrero, alongside Francesco Rivella, enhanced the recipe by adding sugar, palm oil, milk, and cocoa. The new product was named Nutella and was launched in 1964. Its unique flavor, creamy texture, and affordable price made the chocolate spread instantly popular in Italy and subsequently around the globe. Expansion and Global Popularity Nutella quickly captured ...