Oil News
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Singapore engineer pivots from oil rigs to fish farm of the future
A high-tech fish farm floats just off the coast of Singapore, part of a plan by a retired engineer who...
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US strikes Houthi target in Yemen after attack on British oil tanker
US forces struck an anti-ship missile in Houthi-held Yemen that they said was ready to fire early Saturday (Jan 27),...
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Oil jumps 1.5% in New Year after US forces repel Houthis in Red Sea
Oil prices jumped 1.5 per cent in the first session of the New Year, due to potential supply disruptions in...
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Oil falls 1% on strong US dollar, mixed supply cues
Oil prices slipped by around 1% in early Asian trade on Tuesday, after falling to a three-week low in the...
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Oil dips on possible easing of tight supply, China woes hurt demand outlook
Oil edged lower on Tuesday as the market waited to see if Iraqi oil exports resume, which could ease the...
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Saudi Aramco profit slides to $30 billion on lower oil prices
Saudi Aramco, the world's largest oil-producing company, said second-quarter net profit softened due to voluntary production cuts and lower crude...
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Global Demand for Plant & Animal Oils Rises Amidst Health Consciousness
The global demand for plant and animal oils has been steadily increasing over the past few years, with more and...
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Global oil demand will surge to record this year as China reopens, IEA says
Global oil demand will surge to a “record” this year following the end of coronavirus restrictions in China, the world’s...
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What will the new year bring to the oil & gas industry?
The year, which is now behind us, was marked by a global energy crisis and price volatility, putting the energy...
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Oil prices drop on lower demand from top crude importer China
Oil prices were down on Monday following a sharp drop earlier in the session, after strict Covid-19 curbs affected China’s...
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Oil giant tops own record with $48.4bn quarterly profit
Saudi oil giant Aramco has broken its own record with a $48.4bn (£29.8bn) profit for the second quarter of 2022....
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JPMorgan predicts $380 oil on worst-case Russian output cuts
Global oil prices could reach a “stratospheric” $380 a barrel if US and European penalties prompt Russia to inflict retaliatory...
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Oil prices drop on surging US inflation and China lockdowns
Oil prices dropped on Friday after the US posted data showing inflation hit a new 40-year high last month and...
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Oil settles higher on improved demand even as recession fears loom
Oil prices rose on Friday on expectations of higher demand as China, the world’s largest importer of oil, began easing...
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Russia's Rosneft seeks pre-payment in roubles for oil products
Russia's top oil company Rosneft (ROSN.MM) offered oil products from its refineries for loading during May-June in a tender requiring...
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Oil slides nearly 5% on concerns over weaker global growth and higher interest rates
Oil slipped on Friday, posting a weekly loss of nearly 5 per cent, on the prospect of weaker global growth,...