Hormuz Bottleneck Pushes Indian Refiners Toward West African Grades
Several Indian refiners have recently bought crude from Oman and West Africa via tenders, trade sources told Reuters on Wednesday, as term […]
Hormuz Tanker Traffic Remains Subdued Despite Reports of Peace Talks
Five tankers passed through the Strait of Hormuz yesterday, with three of them entering the waterway and two exiting, Reuters reported earlier […]
Africa’s top oil producer unlocks $3 billion and frees more crude for export with $4.5 billion state oil company refinancing
The National Economic Council (NEC) approved the refinancing of the company’s Project Gazelle facility on Monday, allowing NNPC to replace the remaining […]
Tanker Traffic Remains Subdued Despite Trump’s Talk of Peace
Tanker crossings in the Strait of Hormuz and Bab el-Mandeb remained subdued at the start of this week despite reports about potential […]
Oil prices rebound to $85 as Middle East supply concerns persist
Oil prices rebounded by over 1 percent on Tuesday after tumbling in the previous session, as renewed concerns over potential supply disruptions […]
Georgia’s Kulevi Refinery Replaces Russian Crude With Kazakh, Libyan Oil
Georgia’s only oil refinery has begun replacing Russian crude with supplies from Kazakhstan and Libya as owner Black Sea Petroleum races to […]
Venezuela’s Oil Exports Fall Even as U.S. Shipments Hit Seven-Year High
Venezuela exported 1.16 million barrels of crude oil daily last month, a slight decline from June’s 1.2 million barrels daily, on lower […]
Shell Sells European Onshore Renewables Portfolio to TotalEnergies
Shell has signed an agreement to sell its European onshore renewables portfolio to French peer TotalEnergies, the UK-based supermajor said on Monday […]
Oil prices fall to $87.3 as resilient supply flows offset Mideast geopolitical risks
Oil prices declined on Friday but remained on course for a monthly gain of around 20 percent, as crude shipments continued to […]
BP Puts Its North Sea Oil Business Up for Sale
BP on Friday launched a process to market its North Sea business as the UK-based supermajor looks to simplify its portfolio and invest in […]
ADNOC Buys Five Supertankers as Hormuz Crisis Tightens Shipping
Amid tightened vessel supply due to the Middle East crisis, Abu Dhabi’s national oil company ADNOC has paid about $590 million to […]
China’s Coal Prices Surge as Scorching Heat Drives Power Demand
Coal demand and prices in China have jumped in recent days as scorching heat waves across most of the country boost electricity […]