Record Discounts Accelerate Chinese Teapot Purchases of Russia’s ESPO Crude
China’s independent refiners are accelerating purchases of Russia’s Far Eastern ESPO crude blend as Chinese refiners were issued…
Refiners Defy Oil Price Slump With Strong Q1 Profits on Solid Margins
Despite slumping oil prices, global refiners are turning in strong first-quarter earnings, thanks to a sharp rebound in…
Trio Petroleum Deal Marks Entry into Canada’s Heavy Oil Region
California’s Trio Petroleum Corp. is purchasing petroleum and gas assets in the Lloydminster, Saskatchewan heavy oil region in…
What’s Affecting Oil Prices This Week? (Feb. 3, 2025)
The price of Brent crude ended the week at $76. 48 after closing the previous week at $77.46.…