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Oil prices settle down as US stockpile grows, tariffs still in focus
OIL prices fell on Wednesday (Jan 29), with the US benchmark settling at its lowest year to date, after domestic crude stockpiles in the…
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Oil
News
Oil prices settle pennies higher, down for week as Trump touts energy policy
Oil prices settled slightly higher on Friday (Jan 24) but posted a weekly decline, ending four straight weeks of gains, after US President…
Culture
Asian oil refiners mull run cuts, closures as crude costs soar
A SURGE in the cost of physical crude cargoes as China and India rush to replace Russian flows is prompting refiners in other parts of…
News
Maybank says CSE Global to get a boost as Trump declares a pivot back to oil and gas
US president Donald Trump’s declaration of a national energy emergency aimed at boosting oil and gas (O&G) production in the US is set to…
News
Column: His first day back in office confirms it — there is no Trump 2.0
WASHINGTON — President Trump promised an inaugural address focused on “unity,” but what he delivered was more a campaign speech in a…
News
Supreme Court denies oil industry plea to block climate lawsuits filed by California, other blue states
WASHINGTON — The Supreme Court dealt a major setback to the oil industry on Monday, refusing to block lawsuits from California and other…
News
Top Asian oil buyers in turmoil after sweeping Russian sanctions
REFINERS, tanker operators, traders and port executives across Asia were scrambling on Monday (Jan 13) to manage the fallout from the US’s…
News
Top Asian oil buyers in turmoil after sweeping US sanctions on Russia’s oil industry
REFINERS, tanker operators, traders and port executives across Asia were scrambling on Monday (Jan 13) to manage the fallout from the…
News
Russia forms an emergency task force as Kerch Strait oil spill continues to spread
An emergency task force arrived in Russia’s southern Krasnodar region on Sunday as an oil spill in the Kerch Strait from two…
News
Oil rises as Russia sanctions bolster crude’s hot start to 2025
Oil settled at a three-month high as the US ratcheted up sanctions against Russia, adding to a run of bullish developments that have…
Business
Disabled oil tanker adrift in Baltic Sea towed to Sassnitz
A loaded oil tanker that lost the ability to manoeuvre in the Baltic Sea near the German island of Rügen has been towed to the city…
News
Disabled oil tanker adrift in Baltic Sea being towed eastwards
A loaded oil tanker that lost the ability to manoeuvre in the Baltic Sea near the German island of Rügen was being towed almost 25…
News
German tug secures 'shadow fleet' oil tanker adrift in Baltic Sea
German rescue teams have managed to secure towing lines to a loaded oil tanker that lost the ability to manoeuvre in the Baltic Sea near…
News
Oil settles up 1% as cold weather in US, Europe drives winter fuel demand
OIL prices rose more than 1 per cent on Thursday (Jan 9) as cold weather gripped parts of the United States and Europe, boosting winter…
News
Putin seeks to remove two wrecked oil tankers from Kerch Strait
Russian President Vladimir Putin has called for two wrecked tankers to be lifted out of the Kerch Strait to prevent an oil spill from…
News
China’s Shandong Port, entry point for most sanctioned oil, bans US-designated vessels
SHANDONG Port Group has banned US-sanctioned tankers from calling into its ports in the eastern Chinese province, home to many independent…
News
Oil tanker's anchor recovered by Sweden after Baltic cable damage
The anchor of the Eagle S oil tanker has been recovered from the bed of the Baltic Sea during an inquiry into the ship's possible…
Fashion
Oil prices ease as weak economic data offsets higher US winter storm heating demand
OIL prices eased in volatile trade on Monday (Jan 6) as some bearish economic news from the United States and Germany offset bullish…
Business
China oil refineries face reckoning as Beijing tackles overcapacity
CHINA’S independent oil refineries face a reckoning this year as Beijing tackles overcapacity in the industry, and the crude they rely on…
News
More than 30 dolphins have died since an oil spill in Russia, experts say
Thirty-two dolphins have died since fuel oil spilled out of two storm-stricken tankers three weeks ago in the Kerch Strait, which…
Business
Oil extends rally as bullish momentum overpowers China woes
Oil extended a rally that has brought it to the highest in more than two months as shrinking US crude stockpiles and a risk-on tone in…
News
Russia-appointed officials in Crimea declare emergency as oil spill reaches Sevastopol
Russia-appointed officials in Moscow-occupied Crimea announced a regional emergency on Saturday, as oil was detected on the shores of…
News
Oil heads for weekly gains on colder weather, Chinese policy support
OIL prices rose on Friday (Jan 3), closing the week higher on the back of cold weather in Europe and the US as well as additional economic…
News
Russia warns of severe environmental damage as oil from damaged tankers washes up on beaches
Russian officials warned of severe environmental damage Wednesday as thousands of people came out to clean up tons of fuel oil that…