API shows weekly rise in US crude stocks, fuel inventories fall, sources say
U.S. crude oil stocks rose while fuel inventories fell last week, market sources said, citing American Petroleum Institute figures on Tuesday. Crude stocks rose by 4.75 million barrels in the week...
View ArticleRussia resells more gas in Europe after cutting off Austria, sources, data show
Russian gas flows to Austria were suspended for a second day on Sunday because of a pricing dispute, but other buyers in Europe stepped in to snap up unsold volumes, companies and sources said and data...
View ArticleOil little changed as market weighs mixed drivers
Oil was broadly stable for a second day on Wednesday as concerns about escalating hostilities in the Ukraine war potentially disrupting oil supply from Russia and signs of growing Chinese crude imports...
View ArticleThe Commodities Feed: Russia-Ukraine escalation
Energy – Iran counters Russia-Ukraine geopolitical risk Despite an escalation in the Russia-Ukraine war, there has been limited impact on oil prices. ICE Brent settled almost flat yesterday, even after...
View ArticleMiddle East Crude-Dubai and Murban up; Oman flat
Middle East crude benchmark spot premiums for Dubai and Murban rose on Wednesday, while that for Oman was unchanged for a second session. hai refiner IRPC bought five cargoes of Murban crude and one...
View ArticleUS crude, gasoline inventories rise, distillates draw down, EIA says
U.S. crude oil andgasoline inventories last week rose more than forecast, whiledistillate stockpiles posted a larger-than-expected draw, the Energy Information Administration said on Wednesday. Crude...
View ArticleNorway’s overall oil, gas output beats forecast in October
Norway’s combined oil and natural gas production exceeded an official forecast by 5% in October, the Norwegian Offshore Directorate (NOD) said on Wednesday. Norway is Europe’s largest supplier of...
View ArticleBrazil’s Petrobras looking for opportunities to invest in Argentina’s oil and...
Brazil’s state-run oil giant Petrobras is looking at opportunities to invest in Argentina, potentially in the Vaca Muerta shale play, nearly a decade after pulling out of the country, Brazil’s...
View ArticleNorth Dakota oil production hits 5-month high in Sept, state regulator says
Oil production in North Dakota, the third-largest producing state in the U.S., rose by 20,000 barrels per day (bpd) to 1.2 million bpdin September, monthly data from the state’s Industrial Commission...
View ArticleOil majors are betting big on biofuels with over 40 projects by 2030, Rystad...
Major oil and gas companies have ramped up investments in the biofuels sector, betting on sustainable aviation fuel (SAF), with 43 projects expected to be up and running by 2030, consultancy Rystad...
View ArticleUS LNG developers see Trump win lifting pall over expansions
U.S. liquefied natural gas developers awaiting permits for new export projects this week expressed confidence President-elect Donald Trump will ease the way for their multi-billion-dollar expansion...
View ArticleOil discoveries fuel battle for strategic island off West Africa
At just one kilometer long, the tiny West African island of Mbanie might seem an unlikely focal point for a bitter territorial dispute. But a string of oil and gas discoveries and developments in the...
View ArticleOil up on Russia-Ukraine missile exchange, outweighing US crude stock rises
Oil prices rose on Thursday as Russia and Ukraine launched missiles at each other, overshadowing the impact of a bigger-than-expected increase in U.S. crude inventories. Brent LCOc1 crude futures rose...
View ArticleThe Commodities Feed: Geopolitical risks build
Energy – Natural gas proves to be more sensitive to geopolitical risks Oil prices edged lower yesterday despite growing geopolitical risks related to Russia and Ukraine. Having fired a US made missile...
View ArticleUS crude oil stocks climb as slack refinery runs offset stronger exports
US crude oil inventories moved higher in the week ended Nov. 15 as lower refinery runs offset stronger exports. US commercial crude stocks climbed 550,000 barrels to 430.29 million barrels over the...
View ArticleCOP29: OPEC head tells Baku summit oil and gas are ‘gift from God’
OPEC Secretary General Haitham al-Ghais used his speech at the UN Climate Change Conference in Baku on Nov. 20 to emphasize the pivotal role oil and gas continue to play, dubbing hydrocarbons a “gift...
View ArticleMiddle East Crude-Benchmark premiums rise as oil prices gain
Middle East crude benchmark spot premiums for Oman, Dubai and Murban ticked up on Thursday, tracking gains in oil prices. Oil prices climbed on Thursday as geopolitical concerns over escalating...
View ArticleOil climbs on supply jitters as Russia-Ukraine war escalates
Oil climbed more than 1% on Thursday as Russia and Ukraine launched missiles at each other, an escalation of the war that fed supply worries despite a bigger-than-expected increase in U.S. crude...
View ArticleA major turn: Big Oil bets on biofuels with more than 40 projects planned by...
Under increasing pressure to decarbonize and shift away from traditional fossil fuels, the world’s leading oil and gas companies are ramping up investments in the biofuels sector. Major players such as...
View ArticleOPEC+ may stick with deep oil cuts for longer due to weak demand
OPEC+ will have little room to manoeuvre on oil policy when it meets in December: it would be risky to increase output because of weak demand, and difficult to deepen supply cuts because some members...
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