Quantcast
Channel: Oil & Companies News – Hellenic Shipping News Worldwide

Russian central bank sees chance of prolonged low oil price cycle

Russia’s central bank has warned the Kremlin’s policy makers the United States and OPEC have the capacity to flood the oil market and cause a repeat of the prolonged price collapse of the 1980s – which...

View Article


Oil prices ease despite Trump warning of possible tariffs on Russian buyers

Oil prices eased on Monday and headed for a modest quarterly loss, despite a warning from U.S. President Donald Trump that he may impose secondary tariffs on buyers of Russian oil if he feels Moscow is...

View Article


PetroChina reports record 2024 net income on higher production

PetroChina 601857, 601857, Asia’s largest oil and gas producer, on Sunday said annual net profit rose 2% to a record high, as moderately higher production helped to offset lower oil prices. Its net...

View Article

India Anchored To Hydrocarbon Imports As Forecast Production Falls Short Of...

India continues to reign as the world’s third-largest energy consumer, and by 2030 the IEA forecasts gas demand of 103bcm per annum, up 60% on 2023 levels. Liquid demand is also trending upwards, with...

View Article

US to revoke authorizations to foreign partners of Venezuela’s PDVSA, sources...

The U.S. government has notified foreign partners of Venezuela’s state oil company PDVSA of the imminent cancellation of authorizations that allow them to export Venezuelan oil and byproducts, sources...

View Article


US oil production fell to an 11-month low in January, EIA data shows

U.S. crude oil production fell by 305,000-barrels-per-day (bpd) to 13.15 million bpd in January, the lowest since February 2024, data from the U.S. Energy Information Administration showed on Monday....

View Article

Trump’s Russian oil tariff threat doesn’t faze traders who suspect bluff

U.S. President Donald Trump’s threat to hit buyers of Russian oil with tariffs had a limited impact on oil markets on Monday, as traders tried to determine how far the White House could go after...

View Article

President Trump’s inflation fight could put pressure on oil

Chris Wright, the US energy secretary, last week explained President Donald Trump’s economic priorities. “He got elected to lower prices for American consumers,” Wright told Bloomberg TV. “You think...

View Article


Trump’s Russia oil tariff threat depends on China, India reaction

U.S. President Donald Trump’s threat to impose secondary tariffs of 25% to 50% on buyers of Russian crude oil is just crazy and bold enough to perhaps achieve his stated aim of a ceasefire in Ukraine....

View Article


Trump threat on Russia oil cannot be dismissed – UBS CIO

Over the weekend, U.S. President Donald Trump threatened tariffs on Russian oil if Moscow blocks a Ukraine deal, and today oil markets are waiting to see if that threat is a bluff. UBS wealth...

View Article

CHINA DATA: Crude throughput set to decline in March-April amid maintenance

The crude throughput at China’s refineries is expected to decline in both March and April, with the peak maintenance season kicking off in the second half of March, data from Platts showed March 31,...

View Article

Softer demand outlook to weigh on oil, OPEC+ walks a tightrope

Oil prices are set to remain under pressure in 2025 as U.S. tariffs and slowing economic growth in India and China weigh on demand, while OPEC+ pushes forward with plans to increase output, a Reuters...

View Article

The Commodities Feed: Secondary tariff threats push oil higher

Energy – Secondary tariff threat Oil prices rose yesterday amid growing threats to oil supplies. ICE Brent settled almost 2.8% higher after with President Trump threatened secondary tariffs on Russia...

View Article


Kazakhstan’s oil and condensate production hits record in March, sources say

Kazakhstan’s oil and condensate output reached a record high in March, with higher output from the giant Tengiz oilfield and stable exports via the Caspian pipeline, further exceeding OPEC+ production...

View Article

Middle East Crude-Oman, Murban rise, Dubai eases from weekly gain

Middle East crude benchmark spot premiums of Oman and Murban rose on Tuesday, while Dubai slipped after a weekly gain. Oil prices steadied near five-week highs on Tuesday as threats by U.S. President...

View Article


Brent oil price to fall to $65-$75 per barrel in 2025, CNPC affiliate says

Brent oil price will fall to a range of $65-$75 per barrel this year, down from the 2024 average of $79 per barrel amid a global economic slowdown, a think tank affliated with state energy company...

View Article

Oil markets take risky bet on Trump’s threats on Russia, Iran: Bousso

Oil diplomacy could become a hallmark of Donald Trump’s second term in office, if the last few weeks are any guide, but energy markets have mostly shrugged off his recent whirlwind of threats against...

View Article


OPEC+ members to meet Thursday, likely to stick to planned output hikes,...

OPEC+ ministers from eight nations that are gradually raising oil output will meet on Thursday and are likely to approve a further hike in production from May, sources from the producer group told...

View Article

Oil markets take risky bet on Trump’s threats on Russia, Iran

Oil diplomacy could become a hallmark of Donald Trump’s second term in office, if the last few weeks are any guide, but energy markets have mostly shrugged off his recent whirlwind of threats against...

View Article

Brazilian fossil fuel demand to remain high amid energy transition

Brazilian demand for fossil fuels is expected to remain robust in the coming years, as the transition to renewables becomes more critical because of climate change, but still faces infrastructure and...

View Article