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Rice
Crude Oil
Oil Prices Reach One-Year High As Global Crude Supplies Shrink
Oil surged to the highest in more than a year as the market looks ahead toward an accelerating decline in global inventories and a comeback in demand.
Crude Oil
OPEC+ Considers Production Increase At March Meeting
OPEC+ will discuss the possibility of increasing its oil production levels at the next meeting, OPEC+ sources said on Wednesday.
Oil & Gas Trade
Iraq Freezes Crude Prepayment Deal with China’s Zhenhua
Iraq has frozen a five-year crude prepayment deal with Chinese state-owned trading firm Zhenhua because of rising oil prices, oil minister Ihsan Abdul Jabbar Is…
Oil & Gas Trade
Qatar's LNG Megaprojects Are Making Markets Increasingly Competitive
Qatar Petroleum’s recently set a new record for the largest LNG export project ever.
Electricity Trade
State of Texas Should Pay for Enormous Energy Bills After Power Outages, Houston Mayor Says
Houston Mayor Sylvester Turner on Sunday called on the state of Texas to pay for the enormous electric bills that scores of Texans reported after severe winter …
Crude Oil
Mexico Overhauls Its Huge Oil Hedge
Mexico’s billion-dollar oil hedge to protect next year’s revenues against oil price volatility is getting an upgrade—and the new Hacienda Hedge 2.0 is gettin…
Electric Car
Electric Vehicle Prices to be Halved by 2025
The South Korean government has decided to lower the price of an electric vehicle by at least 10 million won by 2025.
Oil Price
Goldman Sachs Sees Minimal Oil Price Impact from Texas Freeze
Oil prices slid by up to 2 per cent on Friday, on worries that refineries will take time to resume operations after the big freeze in the U.S. South, creating a…
Crude Oil
Oil Drops as Investors Gauge Big Chill Impact on US Refineries
US West Texas Intermediate crude fell 2% to $59.3 a barrel on Friday.
Energy Security
Extreme Weather Conditions Harm RWE’s Renewables Electricity Generation in the US State of Texas
Operations teams focus on resuming production at RWE’s affected onshore wind turbinesRWE expects significant negative earnings impact in Onshore Wind/Solar seg…
Energy Security
Texas to Raise Energy Prices and Suspend Price Cap Amid Winter Storm
The Electric Reliability Council of Texas has announced sweeping changes to the state’s energy pricing structure amid the ongoing winter storm, including highe…
Oil & Gas Trade
China Is Fueling The Global Crude Oil Demand Recovery
The world’s top oil importer, China, significantly boosted its crude oil imports at the start of the year compared to the end of last year, helping to support …
Crude Oil
Oil Prices Jump Above $61 On Major Crude Draw
Crude oil prices jumped higher after the Energy Information Administration reported crude oil inventories in the U.S. had shed 7.3 million barrels in the week t…
Crude Oil
India Urges OPEC+ to Ease Production Cuts
"The price-sensitive Indian consumers are affected by rising petroleum product prices," Pradhan said ahead of a March 4 policy-setting meeting of the Organizati…
Oil Price
Oil Falls Again as Opec and IEA Caution Ends Rally
Brent crude was down 0.8% at $60.67 a barrel on Friday
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