Business
Oil rises on US fuel demand, Fed rate decision caps gains
Oil prices edged up on Wednesday (Mar 19) after US government data showed a draw in fuel inventories, but the Federal Reserve’s decision…
Tag
Oil
Politics
Senate starts effort to roll back Biden regulations, votes to repeal rule on oil and gas exploration
The Senate on Tuesday passed legislation to repeal a rule that adds costs to oil and gas production on the outer continental shelf -- the…
News
China’s oil teapots rocked by tax rules that threaten closures
CHINA’S smaller, independent oil refineries are getting squeezed by a stricter tax regime, which could accelerate shutdowns in the…
Business
Oil settles down US$2, posting weekly loss as Middle East risk premium fades
OIL prices settled down more than US$2 a barrel on Friday (Feb 21), posting a weekly decline as investors grappled with a fading Middle…
Business
Singapore Oil Hub Opportunities Amid US Tariff Uncertainty
The city-state may be able to leverage its robust infrastructure and strategic location to help companies adjust WITH US tariffs shaking…
Politics
America's "Oil Weapon" Hits Russia Hard
"The oil weapon alone will not win the war in Ukraine, but it might just have brought Vladimir Putin to the bargaining table," Rebecca…
Politics
Oil rises as drone strikes Caspian pump station, while Russia-Ukraine peace talks loom
OIL prices strengthened on Monday (Feb 17) as an attack on an oil pipeline pumping station in the Caspian Sea slowed flows from…
Politics
Oil settles lower, supply worries ease on hopes for Ukraine peace deal
OIL prices settled down on Friday (Feb 14) on prospects for a peace deal between Russia and Ukraine that could ease global supply…
Politics
Asia: Stocks rise, oil falls as Trump fans Ukraine peace hopes
ASIAN markets mostly rose on Thursday (Feb 13) and oil prices extended losses as forecast-topping US inflation was overshadowed by hopes…
Politics
Oil sinks 2% after Trump calls Putin, Zelensky to discuss end to war in Ukraine
OIL prices settled down more than 2 per cent on Wednesday (Feb 12) after US President Donald Trump took the first big step towards…
News
Oil clean-up 'scam' warnings ignored by Shell, whistle-blower tells BBC
A BBC investigation has uncovered allegations that energy giant Shell has ignored repeated warnings that a controversial clean-up…
Politics
How Trump’s Canadian Oil Tariff Would Hit U.S. Refineries
The largest refinery in the Midwest will have an unpalatable choice if President Trump imposes tariffs on Canadian oil: Pay more for the…
Politics
Another loaded Russian oil tanker stricken at sea
A heavily-laden Russian oil tanker ran aground in the Baltic Sea in northern Russia on Sunday, according to media reports. In the latest…
Politics
Hedge funds boost bearish oil bets as trade war threatens demand
Hedge funds increased bearish bets against oil by the most in three months on the prospect that duelling tariffs between the US and China…
Politics
Oil prices set for third straight weekly fall on tariff concerns
Oil prices finished with daily gains on Friday (Feb 7) after new sanctions were imposed on Iran’s crude exports, but prices were down for…
News
Singapore-based Interra Resources denies allegations that it’s ‘fuelling war crimes’ in Myanmar by supplying oil
OIL and gas exploration and production company Interra Resources on Thursday (Feb 6) denied a report that alleged it is supplying the…
Politics
China tariffs on US oil come as exports have slumped from peak
THE first round of Chinese sanctions to hit US oil were received with a whimper, and traders are speculating that the move is unlikely to…
Politics
Opec+ rolls over oil policy, ditches US government data
OPEC+ agreed to stick to its policy of gradually raising oil output from April on Monday (Feb 3) and removed the US government’s Energy…
Politics
Trump's oil tariffs a boost for European and Asian refiners
US President Donald Trump’s trade tariffs on Canadian and Mexican oil imports will offer European and Asian refineries a competitive…
Politics
Oil posts weekly losses as US set to impose tariffs on Canada, Mexico
Oil prices eased on Friday (Jan 31) and closed the week lower as investors awaited 25 per cent tariffs by the US on Canada and Mexico,…
Business
A new Syrian government struggles to reset its corrupt, besieged economy
ALEPPO, Syria — To understand the shakedown empire that was once Syria under former President Bashar Assad, consider the notorious…
Politics
Shell and Equinor Oil and Gas Production Is Blocked at Sites Off British Coast
A court in Scotland blocked the production of oil and gas on Thursday at two large project sites being developed in British waters until…
Politics
IEA comes under pressure from former oil market chief to cut energy transition focus
THE International Energy Agency’s (IEA) former oil industry and market chief criticised the agency’s focus on the global energy transition…
Politics
Oil prices settle down as US stockpile grows, tariffs still in focus
OIL prices fell on Wednesday (Jan 29), with the US benchmark settling at its lowest year to date, after domestic crude stockpiles in the…