Crude oil

Crude Oil

China, India Soak Up Oil from Floating Storage as Demand Recovers

The volume of crude stored on ships in Asia has come off the peaks seen earlier this month on a recovery in demand in China and India, trade sources and analyst…

Crude Oil

Oil Drops on Worse than Feared Rise in U.S. Fuel Stocks

Oil prices fell in early trade on Thursday after U.S. crude, gasoline and heating oil inventories all rose more than expected, dousing hopes of a smooth recover…

Oil & Gas Trade

Russia Overtakes Saudi Arabia as the Largest Oil Exporter to China

Russia last month overtook Saudi Arabia as China's biggest supplier of crude oil, exporting 1.75m barrels a day to China on average, compared with Saudi Arabia'…

Crude Oil

Surprise Boost for Nigeria's Economy Comes with Higher Oil Flows

Nigerian economic growth beat estimates in the first quarter as oil production rose to the highest in at least four years.

Oil Price

Negative Pricing Seen Spreading from Oil to Gas

Almost a month after US crude oil prices collapsed into negative territory for the first time, European gas markets are facing the prospect of also slipping int…

Crude Oil

Metals Can Leap Over the Oil Slick

After 2008, metals and oil rebounded together from the depths of the financial crisis, as China’s consumption of raw materials took off. This time, their recov…

Oil Price

Petronas Expects a Challenging Year as Q1 Profit Falls about 70 Pct

May 22, declined 4.66 per cent to US$34.38 per barrel.

CNPC

China's Crude Oil Imports to Rise 2% y/y in 2020

China’s crude oil imports are expected to increase by around 2% in 2020 amid lower prices, while apparent crude oil consumption is seen rising by 1-2%, accordi…

Crude Oil

PetroChina's Dalian Refinery to Resume Operations in Late-June

PetroChina said on Tuesday its subsidiary refinery Dalian Petrochemical Corp, which kicked off an overhaul on April 8, is expected to resume operations in late-…

Crude Oil

US WTI Crude Futures Rise Above $30/bl

U.S. benchmark WTI crude futures rose above $30 a barrel for the first time in two months.

Crude Oil

China Crude Oil Runs Rebound in April as Fuel Demand Picks Up

The country processed a total of 53.85 million tonnes of crude oil last month, data from the National Bureau of Statistics (NBS) showed on Friday, equivalent to…

Crude Oil

Oil Hits One-Month High as Signs of Demand Emerge Amid Coronavirus Crisis

Oil prices jumped more than 3% on Friday, touching more than one-month highs amid signs that demand for crude was picking up with China reporting increased refi…

Crude Oil

Petrobras Books $8.35 bn Q1 Loss Amid 'Worst Crisis in 100 Years'

State oil company Petrobras on Thursday reported a big loss in the first quarter of the year.

Crude Oil

Russia’s OPEC+ Challenge: Cut Output Without Maiming Industry

Russian oil producers are confronting their greatest challenge in decades as they try to fend off a historic price slump without permanently damaging their fiel…

Oil & Gas Trade

Saudi Arabia Announces Additional Voluntary Reduction of Crude Oil Production

Saudi newspapers highlighted in their editorials today a number of issues at local, regional, and international arenas.