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Crude
Crude Oil
Qatar Raises June Term Price for Al-Shaheen Oil, Sources Say
QatarEnergy has raised the term price for al-Shaheen crude oil for June-loading cargoes, setting it at a $1.76 per barrel premium above Dubai quotes, according …
Biofuel
Malaysia Keeps May Crude Palm Oil Export Duty at 10%, Lowers Reference Price
Malaysia has set its export tax for crude palm oil at 10% for May, according to a circular published on the Malaysian Palm Oil Board website on Tuesday. The cou…
Metal
China March Crude Steel Output Jumps on Decent Margins, Rising Exports
In March 2025, China’s crude steel production increased by 4.6% compared to the previous year, reaching 92.84 million metric tons, according to data relea…
Oil Price
JP Morgan Cuts Oil Price Forecasts on Weak Demand, Higher Output
JP Morgan recently revised its oil price forecasts for 2025 and 2026, pointing to increased OPEC+ production and reduced global demand. The bank lowered its 202…
Crude Oil
Trio Petroleum Acquires Cash Flow-Positive Oil Assets in Saskatchewan, Canada
Trio Petroleum, a California-based oil and gas company, has finalized the purchase of petroleum and natural gas assets from Novacor Exploration in the Lloydmins…
Crude Oil
China’s Crude Oil Imports Highest Since August 2023 on Iranian Surge
China's crude oil imports in March reached 51.41 million metric tons, equivalent to 12.1 million barrels per day (bpd), according to data released by the Ge…
Crude Oil
Chevron Must Return Venezuelan Oil Before Sanctions Deadline, Sources Say
Chevron Corp. has been directed to return nearly 1 million barrels of oil to Venezuela’s state-owned company, Petroleos de Venezuela SA (PDVSA), affecting…
Crude Oil
USA Crude Flows to China Trickle to Near Zero After Tariff Blitz
The flow of oil from the United States to China, one of the world’s largest importers, is projected to drop significantly due to increasing trade tensions…
Oil & Gas Trade
Venezuela’s PDVSA Suspends Oil Loading Authorizations to Chevron, Sources Say
On Thursday, Venezuela’s state oil company, PDVSA, revoked several authorizations previously granted to U.S.-based Chevron for loading and exporting Venez…
Oil Refinery
US Refiners Unlikely to Spend Big to Process More Domestic Oil
U.S. refiners are hesitant to invest heavily in processing more domestic crude instead of oil from major suppliers Canada and Mexico, according to industry sour…
Crude Oil
Venezuela’s Oil Flows Again, After a Week of Panic
Many buyers of Venezuelan oil have resumed loading crude onto tankers after a week-long pause at the country’s ports. This follows U.S. tariffs imposed by…
Crude Oil
Occidental Petroleum Flags Higher Prices for Oil and Gas Production in Q1
On Wednesday, Occidental Petroleum, a U.S. shale company, reported that prices for its oil and gas production in the first quarter were higher than in the previ…
Crude Oil
India’s Reliance Shuts Crude Unit for 21 Days’ Maintenance, Sources Say
Reliance Industries, a major player in India’s energy sector, has initiated a 21-day maintenance shutdown at its refinery focused on the domestic market, …
Oil Price
Azerbaijani Oil Decreases in Price
Wedoany.com Report-Apr. 8, On April 7, the price of Azerbaijan’s Azeri Light crude oil dropped by $1.5 (2.15%) on a CIF basis at the Italian port of Augus…
Crude Oil
Ring Energy Closes Acquisition of CBP Assets From Lime Rock
Ring Energy, Inc., a Texas-based company, has finalized its acquisition of Central Basin Platform (CBP) assets from Lime Rock Resources IV LP in the Permian Bas…
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