Asia Faces Zero Growth in Demand For Petroleum Products
Earlier this week, China’s Sinopec reported a plunge in its first-half profit, citing subdued fuel demand as a…
Why South Korea’s Pledge to Buy More US Oil May Be Mission Impossible
South Korea, one of America’s top-10 trading partners, has become one of the most high-profile targets of Washington’s…
The Feared Global Oil Glut Is Not Here, Yet
Global crude oil exports continue to hold strong and above the latest ten-year seasonal average. Demand, however, is…
IEA: Record Supply Surge Sets Stage for Oil Stockpile Blowout
Soaring crude oil supply will lead to a record glut later this year and in early 2026 as…
Oil Majors Beat Back $4.2 Billion Fine in Kazakhstan
A Kazakh appellate court has sided with the international oil majors operating the Kashagan oilfield, overturning a massive…
Exxon Mobil Borrows From SPR Due to Mars Crude Quality Issues
As Trump officials signal plans to refill the Strategic Petroleum Reserve (SPR)—drained under the Biden-Harris regime—a new report…
OPEC+ likely to pause output hikes after next meeting, says Goldman Sachs
(Bloomberg) – The OPEC+ oil producer alliance is likely to make its next hike in collective output its…
Kuwait’s KPC eyes market opportunity driven by OPEC+ supply hike
(Bloomberg) — Kuwait’s state energy company said OPEC+’s latest super-sized supply hike and recent interactions with customers suggest…
Can the Oil Market Absorb OPEC+ Output Hikes?
OPEC+ never fails to surprise speculators and market analysts. This weekend’s meeting to decide August production levels was…
Russia’s Discounted Oil No Longer a Bargain for India
The price gap that once made Russian Urals crude a go-to for Indian refiners is rapidly shrinking. Traders…
ADNOC Restores Most of Murban Crude Supply After Earlier Cuts
Abu Dhabi’s national oil company, ADNOC, has restored most of the Murban crude supply to its partners in…
Sierra Leone Stakes Next Oil Frontier Claim
African countries have recently started making more and more headlines with their plans to develop local oil and…