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GLOBAL oil demand growth will continue to weaken due to China’s economic slowdown and the rapid uptake of electric vehicles, according to the International Energy Agency (IEA). “This year,…
OIL futures fell on Friday (Oct 18), declining more than 7 per cent on the week after data showed China’s economic growth slowed and investors digested a mixed Middle East outlook. Brent…
OIL prices inched up on Thursday (Oct 17), bouncing back from two-week lows, after data showed falling crude and fuel inventories in the United States. Brent crude futures settled at…
THE International Energy Agency (IEA) on Tuesday (Oct 15) further cut its global oil demand growth forecast for this year citing weakness in China and said the market was heading for a…
Investigations into the cause of a fire on board a German oil tanker that prompted a major rescue operation are to be delayed until Monday, authorities have confirmed. The 73-metre Annika…
The Treasury claimed Iran's oil exports are enabled by a network of illicit shipping facilitators. | Representative Photo: Bloomberg 3 min read Last Updated : Oct 12 2024 | 10:09 PM IST An…
BERLIN (AP) — A fire that broke out on board an oil tanker off Germany's Baltic Sea coast has been extinguished, authorities said Saturday. The blaze didn't spread to the ship's load. The…
An oil tanker on fire in the Baltic Sea off the coast of north-eastern Germany is to be towed to port, rescue officials said on Friday. "The fire is now largely under control," Till…
An oil tanker is on fire in the Baltic Sea off the coast of north-eastern Germany, the German Maritime Search and Rescue Service said on Friday, with a major operation under way. All seven…
A selection of the week's best photos from across the African continent and beyond: From the BBC in Africa this week: Go to BBCAfrica.com for more news from the African continent. Follow…
OIL prices jumped about 4 per cent on Thursday (Oct 10) on a spike in US fuel use before Hurricane Milton barrelled across Florida, Middle East supply risks and signs that demand for…
2 min read Last Updated : Oct 09 2024 | 12:13 AM IST India will be able to navigate through any oil supply shock that may result from the potential widening of the conflict in the Middle…
BP HAS abandoned a target to cut oil and gas output by 2030 as CEO Murray Auchincloss scales back the firm’s energy transition strategy to regain investor confidence, three sources with…
Oil prices climbed this week as tensions in the Middle East escalated. 5 min read Last Updated : Oct 05 2024 | 9:48 AM IST Oil prices climbed this week as tensions in the Middle East…
As the conflict across the Middle East widens, rising oil prices are being closely watched. The cost of oil affects everything from the price of food at the supermarket to how much it…
A SLUMP in oil prices probably reduced ExxonMobil’s third-quarter upstream earnings by US$600 million to US$1 billion, the oil major signalled in a regulatory filing published on Thursday…
6 min read Last Updated : Oct 03 2024 | 11:33 PM IST There is a 160-year history entwining wars and oil prices. During the American Civil War, which raged from 1861 to 1865, oil prices…
Palm oil has lost its position as the world’s cheapest edible oil, thanks to shrinking output in the biggest growers and plentiful supply of the main alternative. The tropical oil, which…
(Bloomberg) -- Plunging oil prices helped drive Russia's revenues from crude sales to the lowest since February, highlighting the challenges Moscow faces from a weakening global market.…
In what Goldman Sachs Research calls a “capex super-cycle,” Saudi Arabia is expected to invest $1 trillion across six strategic sectors by 2030. But the oil industry is likely to receive a…
An oil spill has dumped black sludge on beaches along Venezuela's northwestern coast and affected fishing in the area, residents and environmental activists said Monday. In Puerto Cabello,…
Global oil and gas contract activity boosted with Petrobras' key upstream contracts. The industry witnessed a significant 47% increase in total disclosed value, rising from $37.3bn in Q1…
A prayer was held a few months ago in Kano, a very religious city in northern Nigeria. It was organised to pray for the success of a huge new Nigerian oil refinery that next month is due…
KYIV, Ukraine (AP) — An oil depot caught fire in Russia’s southwestern Rostov region Saturday following a Ukrainian drone attack in the early hours, local officials said, in the latest…
