Can crude oil prices fall to levels of $40? Goldman Sachs says yes
Brokerage firm Goldman Sachs, after cutting oil price forecasts twice in a week, on Tuesday, April 8 said…
ONGC and Oil India shares down over 9% as crude oil prices continue to fall
Shares of state-run oil exporters Oil and Natural Gas Corporation (ONGC)and Oil India Ltd were down over 8%…
Taiwan Tightens Short-Selling Rules to Calm Market
(Bloomberg) — Taiwan’s financial regulator has announced tighter short-selling controls to stabilize the market amid Donald Trump’s aggressive…
Local refineries importing substandard crude, PETROAN alleges
The Petroleum Products Retail Outlet Owners Association of Nigeria says some local refineries are importing substandard crude into…
DoE Hands the Keys to Strategic Crude Oil Stockpile to New Firm
The Department of Energy has awarded a new $1.4 billion contract to Strategic Storage Partners, LLC—hardly a household…
EIA: US Crude Oil Inventories Climb 6.2 Million Barrels
By Julianne Geiger – Apr 02, 2025, 9:37 AM CDT Crude oil inventories in the United States saw…
Shell acquires Pavilion Energy | Energy Connects
Shell has finalised its acquisition of Pavilion Energy from Temasek Holdings, enhancing its position in the global liquefied…
Crude Oil Inventories Climb As OPEC Prepares to Open the Tap
The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose by 6.037 million…
Oil prices hold steady near five-week highs amid geopolitical tensions
Oil prices remained near five-week highs on Tuesday as U.S. President Donald Trump’s threats to impose secondary tariffs…
Oil Rises on Larger Than Expected Crude Draw
The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 4.6 million…
Australia Raises Forecast Commodity Export Income for This
(Bloomberg) — Australia boosted its forecast for income from commodity exports for this year, but maintained its outlook…
Petrochemical News – Crude oil slips amid demand worries and tariffs-driven global economic uncertainty
Crude oil prices drifted lower on Friday amid concerns that reciprocal U.S. tariffs on imported goods could provoke…