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With India leveraging discounted Russian coal and banks adapting to facilitate trade in currencies other than the US dollar, data shows that the influx of Russian material — which has been [...]

Libya’s crude production has returned to 1.2 million b/d after the lifting of force majeure on oil fields and exports on July 15, state-owned National Oil Corp. said July 31, even as the [...]

The Asian gasoline market was expected to face downward pressure in the Aug.1-5 trading week as demand from major buyer Indonesia was heard low amid ample inventories, while Indonesia’s [...]

The Asian low sulfur fuel oil market was unlikely to witness further significant downside pressure from prevailing levels, as the demand-supply situation was likely to remain balanced, at best, [...]

Crude oil futures were lower in mid-morning Asian trade Aug. 1 as investors booked profits following outsized gains in the previous week ended July 29, while attention this week is expected to be [...]

OPEC kingpin Saudi Arabia has reaped the benefits of higher oil prices and higher production, with its second quarter GDP rising by an 11-year record 11.8% from the same period in 2021, its [...]

Phillips 66 reported strong second-quarter refining results, aided by its higher-than-average diesel yield, as the company made the final decision to convert its Rodeo, California, refinery into [...]

Crude oil futures settled higher July 29 as tight supply outlooks and a weaker US dollar overshadowed economic uncertainty and recession fears. NYMEX September WTI settled $2.20 higher at [...]

Biofuel producers who have at times felt overlooked in the wake of the Biden administration’s push for vehicle electrification cheered incentives for low-carbon fuels included in a surprise [...]

Enbridge said July 29 it will acquire a 30% stake in Pacific Energy’s Woodfibre LNG project in British Columbia as North America’s largest midstream company invests more heavily in [...]