State oil giant Saudi Aramco (2222.SE) on Sunday reported its highest quarterly profit since the company went public in 2019, boosted by higher oil prices…
OIL Feed Atom
The drilling operation of the first exploratory well of Changuleh oil field in Iran’s western Ilam Province is going to begin soon, a senior official with the…
Tehran’s Embassy in Athens announced that the Iranian oil tanker and its cargo which was seized by Greece under US pressure is to head back to the…
Oil prices fell Friday, as uncertainty surrounding the market’s demand/supply balance prompted traders to cash in some of the week’s strong gains.
By 10:10…
Oil prices plunged around 2% on Friday, on expectations that supply disruptions in the U.S. Gulf of Mexico would be short-term, while recession fears clouded the demand…
Russia’s Rosneft (ROSN.MM)said on Friday that fuel prices in Germany will likely jump if the PCK Schwedt refinery it owns alongside Shell
OPEC on Thursday cut its 2022 forecast for growth in world oil demand for a third time since April, citing the economic impact of Russia’s invasion of…
Oil prices rose more than $2 on Thursday after the International Energy Agency raised its oil demand growth forecast for this year as soaring natural gas prices…
The global energy market will get a million barrels of oil if the US and Iran resuscitate the 2015 nuclear deal, but even if they do, it…
Sep WTI crude oil (CLU22) today is down -1.36 (-1.50%), while Sep RBOB gasoline (RBU22) is up +0.0403 (+1.36%). Sep nat gas (NGU22) is…
Russian oil pipeline flows resumed to Central Europe on Wednesday, ending a six-day halt, after Hungarian group MOL paid transit fees owed to Ukraine, providing a temporary…
A member of the Energy Committee of the Islamic Assembly considered the construction of petro-refineries as one of the defense tools to fight the sanctions, and said:…
Oil prices see-sawed on Tuesday, as worries that a slowing economy could cut demand vied with news that some oil exports had been suspended on the Russia-to-Europe…
Ukraine has suspended Russian oil pipeline flows to parts of central Europe since early this month because Western sanctions prevented it from accepting transit fees from Moscow,…
Oil prices fell Monday, extending last week’s hefty losses, amid persistent concern about weakening demand with the Federal Reserve likely to continue its aggressive monetary tightening.
U.S. fuel retailers are fighting the inclusion of a tax credit for sustainable aviation fuel (SAF) in Democrats’ $430 billion spending bill, arguing SAF is more carbon…
Goldman Sachs said the case for higher oil prices was still strong with current supply shortfalls well above its expectations in recent months, despite a recent retreat…
India’s crude import bill increased to $47.5 billion in the second quarter after a surge in global prices coincided with rebounding fuel demand
In…
Oil prices rose on Friday, recouping some of this week’s losses on strong U.S. job growth data but remained on course to close the week near their…
Global oil prices dropped on Thursday to their lowest levels since before Russia’s February invasion of Ukraine as traders fretted over the possibility of an economic recession…