The Brent crude oil futures for May delivery slipped 15 cents to $86.74 a barrel as at 0708 GMT, while U.S. West Texas Intermediate (WTI) prices fell 13 cents to $82.03. The WTI April contract.
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Two provincial energy regulators in Canada have issued rulings addressing stranded-asset risk, a concern about underutilization of new natural gas infrastructure, a crucial step towards a low-carbon economy that aligns with climate targets.
Saudi Aramco is set to reduce its supply of crude oil to customers in China and India due to upcoming oilfield maintenance, according to comments made by five sources on March 11.
Brent crude oil futures for May delivery were up 62 cents, or 0.7%, at $85.96 a barrel by 1019 GMT. The April contract for U.S. West Texas Intermediate (WTI) crude was up 70 cents, or 0.9%, at $81.74.
Chinese oil major CNOOC is sending a group of senior executives to Angola for talks on oil exploration opportunities, the Angolan oil and gas ministry said on Sunday.
TotalEnergies was preparing on Friday to restart the gasoline-producing fluidic catalytic cracker (FCC) over the weekend at its 238,000 barrel-per-day (bpd) Port Arthur, Texas refinery, said people familiar with plant operations.
The Indian government has raised its windfall tax on petroleum crude to 4,900 rupees ($59.15) a tonne from 4,600 rupees with effect from March 16, according to a government notification released on Friday.
The oil tanker NS Century, which is under sanction by the United States, arrived at the Chinese port of Qingdao late on Thursday to discharge its cargo of Russian crude oil, LSEG shipping data showed.
Brent crude oil futures were down 45 cents or 0.6% to $84.83 a barrel at 1155 GMT, a day after topping $85 a barrel for the first time since November. U.S. West Texas Intermediate (WTI) crude was down 47 cents or 0.6% to $80.70.
Saudi -listed ADES Holding Company said a vacuum in attractive markets such as India and Southeast Asia could largely offset potential excess supply in Saudi Arabia.
Brent crude futures for May rose 70 cents, or 0.83%, to $84.73 a barrel by 1346 GMT. U.S. West Texas Intermediate (WTI) crude for April was up 88 cents, or 1.1%, at $80.60.
Brent crude futures for May rose $1.06, or 1.3%, to $82.98 a barrel by 1104 GMT. U.S. West Texas Intermediate crude for April gained $1.15, or 1.5%, to $78.71.
Brent futures for May delivery rose by 21 cents to $82.42 a barrel at 11:50 a.m. EDT (1550 GMT). The April U.S. West Texas Intermediate (WTI) crude contract rose 31 cents to $78.24.
OPEC on Tuesday stuck to its forecast for relatively strong growth in global oil demand in 2024 and 2025, and further raised its economic growth forecast for this year saying there was more room for improvement.
Saudi Aramco Chief Executive Amin Nasser said on Sunday the oil giant was looking at further opportunities to invest in China, where he said oil demand was robust and growing.
The global oil market is relatively well supplied with demand growth slowing, while supply is increasing from the Americas.
Canada's second-biggest oil producer, Suncor Energy, has signed a memorandum of understanding with Fort McKay First Nation to assess a potential oil sands lease on the Indigenous community's land, the First Nation and company said.
India's fuel consumption jumped by 5.7% in February compared to the same month of 2023, data from the Ministry of Petroleum and Natural Gas showed on Thursday.
Brent crude futures were up 0.24%, or 20 cents, at $83.16 a barrel by 1018 GMT. U.S. West Texas Intermediate crude futures rose 0.28%, or 22 cents, to $79.15.
Chinese state-owned oil and gas giant CNOOC Ltd has discovered a new reserve in the South China Sea containing over 100 million tons of oil equivalent proved in-place, the company said in a statement on Friday.