Oil News
-
China's July Oil Imports From Top Supplier Russia Fall 7.4% From a Year Ago
China's crude oil imports from top supplier Russia fell in July by 7.4 per cent from a year earlier, official...
-
Indonesia expects oil and gas investments to rise 29% to $17 billion in 2024
Indonesia's regulator, SKK Migas's chairman, told Reuters that Indonesia expects investments in its oil and gas sector to rise 29...
-
Japan oil refiners to tap reserves in case of Middle East disruption
The head of the industry group said Japanese oil refiners see no immediate impact from escalating tensions in the Middle...
-
Insights into Natural Oil and Gas Industry Trends
In today's rapidly changing business landscape, the natural oil and gas industry plays a crucial role in meeting global energy...
-
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...
-
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),...
-
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...
-
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...
-
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...
-
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...
-
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...
-
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...
-
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...
-
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...
-
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....
-
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...