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[LONDON/MOSCOW] Opec+ has agreed to further raise oil production from October as its leader Saudi Arabia pushes to regain market share, while slowing the pace of increases compared with…
US oil refiners have found an unlikely ally in their opposition to US President Donald Trump’s proposed changes to biofuel policy: China. A plan to slash incentives for renewable diesel…
Oil prices fell on Friday (Sep 5) as a weak US jobs report dimmed the outlook for energy demand, while swelling supplies may grow further after Opec and allied producers meet over the…
Falling coal prices are shifting the profitability of China’s chemicals sector, away from traditional oil-based producers to the growing number of plants that use the solid fuel as their…
Global benchmark Brent crude oil settled 1 per cent higher on Monday (Sep 1), as concerns mounted that intensifying airstrikes in Russia and Ukraine could lead to supply disruptions, and…
Oil prices traded in a tight range on Monday as worries about rising output and the impact of US tariffs on demand offset supply disruptions stemming from intensified Russia-Ukraine…
Oil prices fell on Friday (Aug 29) as traders looked toward weaker demand in the US, the world’s largest oil market, and a boost in supply this autumn from Opec and its allies. Brent crude…
Oil prices settled higher on Wednesday (Aug 27) after data showed a larger-than-expected drop in US crude inventories and as investors weighed the potential impact from new US tariffs on…
[BEIJING/SINGAPORE] Oil prices edged higher on Monday (Aug 25) after Ukraine stepped up attacks on Russia, fanning concerns Russian oil supply could be disrupted, while expectations of a…
Oil prices steadied on Friday (Aug 22) amid uncertainty surrounding a potential peace deal between Russia and Ukraine, with prices gaining on the week for the first time in three weeks.…
President Donald Trump’s administration is expected to rule on a growing backlog of requests from small oil refiners seeking relief from U.S. biofuel laws as early as Friday, but will…
Beng Kuang Marine has formed a new business for specialised industrial chemical cleaning, the company said in a bourse filing on Wednesday (Aug 20). The new business, called Clean Concept…
Oil prices fell on Tuesday (Aug 19) as traders bet that talks over a possible agreement to legitimise or end Russia’s invasion of Ukraine could ease sanctions on Russian crude oil,…
The oil industry was a major donor to Donald Trump’s presidential campaign, and it’s gotten a return on that investment. Trump’s “One Big Beautiful Bill Act” kills clean energy incentives,…
N stocks were mostly higher on Monday while oil dipped ahead of talks between Donald Trump, Ukrainian President Volodymyr Zelensky, and European leaders in Washington. US…
Oil prices slipped in early Asian trade on Monday as the United States did not exert more pressure on Russia to end the Ukraine war by implementing further measures to disrupt…
Oil prices closed down nearly US$1 on Friday (Aug 15) as traders awaited talks between US President Donald Trump and Russian leader Vladimir Putin, which could lead to an easing of the…
Asia-Pacific’s largest physical jet fuel buyer China Aviation Oil (CAO) posted a net profit of US$50 million for the first half of its financial year ended Jun 30. This was an 18 per cent…
Asia-Pacific’s largest physical jet fuel buyer China Aviation Oil (CAO) posted a net profit of US$50 million for the first half of its financial year ended Jun 30. This was an 18.4 per…
Oil prices fell in early Asian trading on Monday, extending declines of more than 4 per cent last week on higher US tariffs on its trading partners, an Opec output hike, and…
Hedge funds cut their bullish stance on US oil to the lowest since mid-April as rising US crude inventories and Organization of the Petroleum Exporting Countries+ (Opec+’s)…
He now finds himself pleading with the beleaguered and vilified industry not to abandon the state. Source link
Oil held steady on Friday (Aug 8) as markets awaited a meeting in coming days between Russian President Vladimir Putin and his US counterpart Donald Trump, but prices marked their steepest…
Oil prices edged higher on Friday but were poised for the steepest weekly losses since late June on a tariff-hit economic outlook and a potential meeting between U.S. President Donald…
