Middle East Crude-Oman and Murban up, Dubai retreats
Middle East crude benchmark spot premiums for Oman and Murban rose on Thursday, while that for Dubai declined. Saudi Arabia’s crude oil supply to China is set to rebound to a three-month high in...
View ArticleRosneft, Reliance agree biggest ever India-Russia oil supply deal, sources say
Russia’s state oil firm Rosneft ROSN.MM has agreed to supply nearly 500,000 barrels per day (bpd) of crude to Indian private refiner Reliance RELI.NS in the biggest ever energy deal between the two...
View ArticleS&P Global Commodity Insights Releases its 2025 Energy Outlook
Analysts at S&P Global Commodity Insights, the leading independent provider of information, data, analysis, benchmark prices and workflow solutions for the commodities and energy transition...
View ArticleIEA Predicts Accelerated World Oil Demand Growth in 2025
Highlights World oil demand growth is set to accelerate from 840 kb/d in 2024 to 1.1 mb/d next year, lifting consumption to 103.9 mb/d in 2025. Increases in both years will be dominated by...
View ArticleAustralia’s heavy sweet crude premiums likely unaffected as key oil fields...
Spot cash premiums for Australia’s heavy sweet crudes are expected to continue tracking low sulfur marine fuel oil cracks, despite a tightening supply outlook as three oil fields off Western...
View ArticleFive states drove record U.S. natural gas production in 2023
Five states produced more than 70% of the record 113.1 billion cubic feet per day (Bcf/d) of U.S. marketed natural gas production in 2023. Texas accounted for 28% of U.S. marketed natural gas...
View ArticleRival LNG supplies, Sakhalin’s depleting fields give Japan an exit from...
As Japan’s long-term contracts to secure liquefied natural gas (LNG) from Russia’s Sakhalin-2 project near expiration, rival producers see opportunity to fill the supply gap, even as Tokyo looks to...
View ArticleUS refiners to face higher oil, catalyst costs with Trump’s tariffs
The tariffs proposed by President-Elect Donald Trump on imports from Mexico, Canada and China would raise costs for the heavier grades of oil needed by US refineries as well as rare-earth elements used...
View ArticleICE Midland WTI (HOU) Reaches Record Open Interest and Delivers a Record 20...
Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of technology and data, today announced that its ICE Midland WTI (ICE:HOU) crude futures reached record open interest of 160,600...
View ArticleIEA expects comfortably supplied oil market in 2025 despite demand hike
The world oil market will be comfortably supplied in 2025, the International Energy Agency (IEA) said on Thursday, even after producer group OPEC+ extended oil supply cuts and a slightly higher than...
View ArticleOil inches up, on course for first weekly gain in three
Oil prices nudged upwards on Friday, heading for their first weekly rise since the end of November, as additional sanctions on Iran and Russia ratcheted up supply worries, while a surplus outlook...
View ArticleOil climbs 1% to 3-week high as more sanctions loom on Russia, Iran
Oil prices edged up about 1% to a three-week high on Friday on expectations additional sanctions on Russia and Iran could tighten supplies, while lower interest rates in Europe and the U.S. could boost...
View ArticleIranian oil prices to China hit new multi-year highs as sanctions hit...
The price of Iranian crude oil sold to China has risen to the highest in years as fresh U.S. sanctions have tightened shipping capacity and driven up logistics costs, trade sources and analysts said....
View ArticleMiddle East Crude-Oman and Dubai edge up as oil prices head for weekly gain
Middle East crude benchmark premiums of Oman and Dubai rose slightly on Friday, as oil prices were on track for a weekly gain with supply jitters driven by newly added sanctions on Russia and Iran....
View ArticleCanadian oil producers forecast higher production in 2025
Three of Canada’s biggest oil producers, Suncor Energy SU.TO, Cenovus Energy CVE.TO and Imperial Oil IMO.TO, on Thursday projected higher production in 2025, betting on resilient demand for Canadian...
View ArticleADNOC to reduce Feb crude output by 229,000 b/d as part of delay to OPEC+ cut...
Middle East crude producer Abu Dhabi National Oil Co. informed equity holders this week of a 229,000 b/d reduction in February crude output, five traders with knowledge of the matter said Dec. 12,...
View ArticleIndia tightens its crude bear hug of Russia
Vladimir Putin can look forward to a warmer winter. Ahead of the Russian president’s planned visit to India, Reliance Industries signed a 10-year agreement to buy cut-price crude worth around $13...
View ArticleIEA still sees ‘comfortable’ oil market in 2025 despite raising demand forecast
The International Energy Agency raised its 2025 oil demand forecast by 100,000 b/d on Dec. 12 on expectations of stronger growth in China and the US, but said supplies will still outstrip demand even...
View ArticleChina’s oil consumption peaked in 2023, CNPC says
China’s refined oil consumption peaked in 2023 at 399 million metric tons (7.98 million barrels per day) and is expected to fall 1.3% to 394 million tons in 2024, CNPC Economics & Technology...
View ArticleGas & LNG in Asia: the next 10 years
Economic expansion, urbanisation and population increases have already made Asia the key driver of global gas market growth over the past decade. So, what can be expected over the next ten years, and...
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