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When the corroded pipeline burst in 2015, inky crude spread along the Southern California coast, becoming the state’s worst oil spill in decades. More than 140,000 gallons (3,300 barrels)…
The Organization of the Petroleum Exporting Countries has kept its relatively high global oil demand growth forecasts unchanged for this year and next Oil prices rose on Monday (Oct 13)…
The overall impact on China’s crude demand should be short-lived as traders re-route cargoes to other ports US sanctions on a key Chinese oil import terminal are redirecting crude flows…
Eight men were arrested on Friday, October 10, after they were allegedly involved in the illicit sale of marine gas oil. During a routine inspection of a tugboat registered in Singapore in…
Brent and US crude futures fell more than US$2 a barrel, or more than 3 per cent, on Friday (Oct 10) as US President Donald Trump’s threat to impose increased tariffs on China cast a…
Oil prices declined on Friday, after settling around 1.6% lower in the previous session, as the market’s risk premium faded after Israel and Hamas agreed to the first phase of a plan to…
The latest designations by the Treasury Department mark the latest effort by Washington to target the Beijing-Tehran energy trade The US sanctioned more than 50 individuals, firms and…
Opec+ has agreed on Sunday to a November output hike that was smaller than market expectations, easing oversupply concerns Oil prices settled lower on Thursday (Oct 9) after Israel and the…
Oil prices edged up about 1 per cent to a one-week high on Wednesday (Oct 8) as traders expected a lack of progress on a Ukraine peace deal to keep sanctions in place against Moscow, while…
China is building oil reserve sites to boost stockpiles, according to public data, traders and industry experts Oil prices steadied on Tuesday (Oct 7) as investors weighed a…
The units are former subsidiaries of an Indonesia-listed company under First Resources Palm oil producer First Resources has disposed of two subsidiaries in Indonesia as it exits the oil…
Oil prices settled down about 2 per cent at the lowest in four months on Thursday (Oct 2), extending a run of declines into a fourth day, due to concerns about oversupply in the market…
Oil prices rose on Friday (Sep 26) as Ukraine’s drone attacks on Russia’s energy infrastructure cut the country’s fuel exports. Brent futures settled at US$70.13 a barrel, up 71 US cents,…
Oil prices inched up on Monday supported by geopolitical tension in Europe and the Middle East, although the prospect of more oil supply and concern about the impact of trade tariffs on…
Oil prices dropped on Friday (Sep 19) as worries about large supplies and declining demand outweighed expectations that the year’s first interest-rate cut by the US Federal Reserve would…
The outlook also means that companies will need to tap reserves that have not yet been discovered The world needs to spend some US$540 billion a year looking for oil and gas to maintain…
Oil prices were little changed on Monday as investors assessed the impact of Ukrainian drone attacks on Russian refineries that could disrupt its crude and fuel exports, while also eyeing…
Hedge funds chopped their bullish position on US crude to the lowest on record as the Opec+ alliance’s latest decision to boost production compounded already-gloomy forecasts that the…
President Trump said he's ready to place sanctions on Russia as long as NATO allies agree to do the same, as he continues to rail against the war between Russia and Ukraine. Source link
Oil prices rose on Friday (Sep 12) after a Ukrainian drone attack suspended loadings from the largest port in western Russia, but gains were capped by concerns about US demand. Brent crude…
Saudi Aramco, the world’s biggest oil company, raised US$3 billion from a sale of Islamic bonds, a term sheet showed on Thursday (Sep 11), as investors appeared unperturbed by an Israeli…
AN EXPECTED move by the world’s top oil-producing nations to once again increase output will set the tone for Asia’s biggest gathering of oil executives this week in Singapore, with…
The Organisation has been increasing production since April after years of cuts to support the oil market Oil prices rose on Monday (Sep 8) in early trade, paring last week’s losses, after…
[LONDON/MOSCOW] Opec+ is set to agree to further raise oil output on Sunday (Sep 7) while probably slowing the pace of increases from October compared with recent months because of…
