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Trump says Modi has assured him India will not buy Russian oil
US President Donald Trump said on Wednesday that Indian Prime Minister Narendra Modi has pledged to stop buying oil from Russia, and Trump…
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Oil
News
After an oil spill, Trump officials back a Texas firm to expand drilling off California’s coast
When the corroded pipeline burst in 2015, inky crude spread along the Southern California coast, becoming the state’s worst oil spill in…
Fashion
Oil settles higher as US, China try to de-escalate trade tensions
The Organization of the Petroleum Exporting Countries has kept its relatively high global oil demand growth forecasts unchanged for this…
News
US sanctioning China oil terminal threatens Sinopec run cuts
The overall impact on China’s crude demand should be short-lived as traders re-route cargoes to other ports US sanctions on a key Chinese…
News
8 Men Arrested Over Illegal Marine Gas Oil Deal in Singapore
Eight men were arrested on Friday, October 10, after they were allegedly involved in the illicit sale of marine gas oil. During a routine…
News
Trump tariff threat pushes oil to five-month low
Brent and US crude futures fell more than US$2 a barrel, or more than 3 per cent, on Friday (Oct 10) as US President Donald Trump’s threat…
News
Oil prices are down following Gaza ceasefire deal
Oil prices declined on Friday, after settling around 1.6% lower in the previous session, as the market’s risk premium faded after Israel…
News
US hits firms moving Iranian oil and major China crude terminal
The latest designations by the Treasury Department mark the latest effort by Washington to target the Beijing-Tehran energy trade The US…
News
Oil settles 1.6% lower after Gaza ceasefire
Opec+ has agreed on Sunday to a November output hike that was smaller than market expectations, easing oversupply concerns Oil prices…
News
Oil prices edge up on worries about Russian output, higher US demand
Oil prices edged up about 1 per cent to a one-week high on Wednesday (Oct 8) as traders expected a lack of progress on a Ukraine peace…
Business
Oil settles flat amid Opec+ output hike, supply glut fears
China is building oil reserve sites at a rapid clip as part of a campaign to boost stockpiles, according to public data, traders and…
Business
OPEC+ to increase oil production in November
A group of countries that are part of the OPEC+ alliance of oil-exporting countries has agreed to a small boost in oil production, citing…
Business
First Resources sells Indonesia units, exits oil palm plantation business in West Papua
The units are former subsidiaries of an Indonesia-listed company under First Resources Palm oil producer First Resources has disposed of…
Culture
Oil falls 2% to four-month lows on oversupply concerns
Oil prices settled down about 2 per cent at the lowest in four months on Thursday (Oct 2), extending a run of declines into a fourth day,…
News
Oil gains on Ukraine drone attacks cutting Russian supply
The drop in refining capacity has left several Russian regions facing shortages of certain grades of fuel Oil prices rose on Friday (Sep…
News
Trump urges Turkey to stop buying Russian oil as Erdogan chases deal on F-35s
US President Donald Trump has urged Turkey to stop buying oil from Russia, part of a wider drive to cut off Moscow's energy funding as the…
News
Oil inches up as tension flares in Europe, Middle East
Oil prices inched up on Monday supported by geopolitical tension in Europe and the Middle East, although the prospect of more oil supply…
Business
Oil prices slip as robust supply outweighs Fed cut
Oil prices dropped on Friday (Sep 19) as worries about large supplies and declining demand outweighed expectations that the year’s first…
Business
Why Big Oil companies invest in green energy
Some major oil companies such as Shell and BP that once were touted as leading the way in clean energy investments are now pulling back…
Business
World must spend US$540 billion a year looking for oil and gas: IEA
The outlook also means that companies will need to tap reserves that have not yet been discovered The world needs to spend some US$540…
Business
Oil holds gains as investors eye impact from attacks on Russian energy facilities
Oil prices were little changed on Monday as investors assessed the impact of Ukrainian drone attacks on Russian refineries that could…
Business
Hedge funds slash bullish oil bets to lowest ever amid Opec hike
Hedge funds chopped their bullish position on US crude to the lowest on record as the Opec+ alliance’s latest decision to boost production…
News
Trump wants 'major' Russian sanctions if NATO does likewise and stops buying Russian oil
President Trump said he's ready to place sanctions on Russia as long as NATO allies agree to do the same, as he continues to rail against…
News
Oil gains weighed down by US demand worries
Oil prices rose on Friday (Sep 12) after a Ukrainian drone attack suspended loadings from the largest port in western Russia, but gains…