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Wood Mackenzie - 3 Sushant Gupta - 2 Gupta - 2 boonchai - 1 Topping - 1 Ukraine — - 1 refiner - 1 Hardeep Singh Puri - 1
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Search resuls for: "Sushant Gupta"


4 mentions found


☆ Oil prices near $100 per barrel raise questions over demand destruction
  + stars: | 2023-09-29 | by ( Ruxandra Iordache | ) www.cnbc.com   time to read: +7 min
boonchai wedmakawand | Moment | Getty ImagesSupply cuts from heavyweight crude producers have helped drive oil prices near $100 per barrel — fueling some to consider the potential for future demand destruction. Seven European refiners and traders, who spoke under anonymity because of contractual obligations, told CNBC that local buyers can withstand oil prices veering into triple digits without lowering their output runs. Some European market participants polled by CNBC doubted triple-digit oil prices are sustainable in the long term, with three pointing to possible demand destruction — where customers gradually answer persistently high prices with fewer purchases. "Sometimes high oil prices can become a self-fulfilling prophecy," Indian Energy Minister Hardeep Singh Puri warned in August. The oil price hike has benefitted Moscow despite sanctions.
Persons: boonchai, Sushant Gupta, Wood Mackenzie, Topping, Ukraine —, refiner, Hardeep Singh Puri, Giovanni Staunovo Organizations: Brent, ING, Organization of, Petroleum, CNBC, U.S . Energy, Administration, Indian Energy, UBS Locations: London, Asia, Wood, OPEC, Saudi Arabia, Russia, China, Europe, Ukraine, U.S, Moscow, Washington, Israel, East, Riyadh, Iran, Beijing
☆ Wood Mackenzie says oil is unlikely to stay at $100 a barrel for a long time
  + stars: | 2023-09-25 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWood Mackenzie says oil is unlikely to stay at $100 a barrel for a long timeSushant Gupta, research director of Asia refining at Wood Mackenzie, says the fourth quarter is the "tightest period" for the oil market, but the first quarter is when "seasonal demand is lower" and prices can be expected to fall.
Persons: Wood Mackenzie, Gupta Locations: Asia, Wood
☆ Sinopec sets up new entity to expand refinery investment abroad
  + stars: | 2023-08-31 | by ( Chen Aizhu | ) www.reuters.com   time to read: +4 min
The company logo of China’s Sinopec Corp is displayed at a news conference in Hong Kong, China March 26, 2018. After a quiet launch in late June of Sinopec Overseas Investment Holding as its sole platform for investing, building and operating refineries abroad, Sinopec is building up the team and setting the budget for the new entity, two company officials told Reuters. One such investment could be in Sri Lanka, where Sinopec was shortlisted to bid for an export-oriented refinery in Hambantota potentially worth billions of dollars. Sinopec is also among companies reviewing Shell's Singapore refinery and petrochemical assets, Reuters reported recently, although its president this week denied such interest. Sinopec declined to comment on that matter.
Persons: Bobby Yip, Zhao Dong, Sinopec, Sushant Gupta, Wood Mackenzie, Gupta, Russia's, PetroChina, Exxon Mobil's, Glencore, CNPC, Chen Aizhu, Tony Munroe, Miral Organizations: REUTERS, Rights, Sinopec Overseas Investment Holding, Reuters, China Petrochemical Corp, Saudi Aramco, Wood, Gas Chemical, Russia's Sibur, Exxon, Sinopec, Thomson Locations: Hong Kong, China, Sri Lanka, Hambantota, Singapore, Yanbu, Saudi Arabia, East Siberia, France, Scotland, Japan, XOM.N, Altona, Australia, Brazil, Beijing, South Africa
☆ We expect oil prices to be largely influenced by demand in emerging economies: Wood Mackenzie
  + stars: | 2023-02-21 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe expect oil prices to be largely influenced by demand in emerging economies: Wood MackenzieSushant Gupta of Wood Mackenzie says China's reopening is a big factor.
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