October 12, 2025 Oil prices rebounded in early Asian trading on Monday, recovering from sharp losses in the previous session as investors grew cautiously optimistic that potential talks between President Trump and President Xi could ease tensions between the world’s two largest economies and oil consumers. At the time of writing, Brent was up 1.64% at $63.76, […]Read More
October 13, 2025 Crude oil imports into China last month went up by 3.9% on September 2024, flowing at an average daily rate of some 11.5 million barrels, Reuters calculated, citing official customs data from Beijing. The rise in crude imports was accompanied by an increase in refinery processing rates to 81.05%, which was the highest since […]Read More
October 10, 2025 Crude oil prices are on course for another weekly decline following the news of a ceasefire between the Israeli government and Hamas, which was ratified today by Tel Aviv. At the time of writing, Brent crude was trading at $64.90 per barrel, with West Texas Intermediate at $61.28, as the Middle East war premium vanished. “This […]Read More
October 10, 2025 Energy, operator of India’s second-largest refinery, has ramped up its oil deliveries by train as export markets shrink. Per a Reuters report, the refiner, which is 49% owned by Russia’s Rosneft, has been loading between two and three trains of 50 tanker cars each every day since late August, after in July the […]Read More
October 08, 2025 Crude Oil prices rose early on Wednesday after an industry report showed on Tuesday that the crude stocks at the key Cushing hub fell further and OPEC+ somewhat eased fears of an imminent glut with a planned modest increase in output. As of 8:05 a.m. EDT on Wednesday, WTI Crude prices were up by […]Read More
October 06, 2025 More crude oil from Russia has become available for Indian refiners as Ukrainian drone attacks have reduced the Russian refining capacity, an Indian government official Reuters on Monday. Since the Russian invasion of Ukraine, India has relied on the discounted Russian crude banned in the West to reduce its crude import bill. Indian refiners […]Read More
October 3, 2025 PENGASSAN’s strike cut oil output by 16%, gas 30%, power 20% – NNPCL with the Nigerian National Petroleum Company Limited (NNPCL) warning that systemic vulnerabilities remain despite the suspension of the industrial action. The strike, which began on September 28 and lasted three days, disrupted operations at critical facilities including Shell’s Bonga […]Read More
October 03, 2025 Amid rising global energy demand, oil prices could jump above $100 per barrel if Russia’s oil is pushed out of the market, Russian President Vladimir Putin said on Friday. “It’s impossible to imagine that the loss of Russian oil volumes will preserve a normal situation in global energy and the economy,” Russian […]Read More
September 30, 2025 OPEC has slammed the brake on speculation, flatly rejecting media reports that the G8 is preparing to hike crude oil production by half a million barrels per day. In a statement from Vienna on Tuesday, the OPEC Secretariat called the claims “wholly inaccurate and misleading,” stressing that discussions among ministers for the […]Read More
September 30, 2025 The largest refinery in Africa, the Dangote plant in Nigeria, has become the bone of contention in a bitter labor dispute which has led to a nationwide strike in the top African crude oil producer. The main Nigerian oil union launched on Monday a nationwide strike after the Dangote refinery fired last week as […]Read More
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