Browsing: Market News

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Occidental Petroleum is reportedly in talks to divest its petrochemicals division, OxyChem, in a deal that could be worth up…

Oil prices retreated in early Asian trade on Monday, edging lower after the resumption of crude exports from Iraq’s Kurdistan…

Rising crude supply from OPEC+ and South America and a marked increase in longer-haul routes have hiked freight rates for…

At the same time, OPEC+ fell 500,000 barrels per day short of its pledged production increases between April and August.…

Ukraine Drone Strikes Are Tightening Russian Supply The biggest catalyst this week? Ukraine’s drone attacks on Russia’s refining infrastructure. These…

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Washington is making it clear to New Delhi: any path forward on a U.S.–India trade deal runs through Russia’s oil…

Nigeria’s $20 billion Dangote refinery—the mega-project meant to free Africa’s top oil producer from decades of fuel imports—has been hit…

Several terminal operators in China’s Shandong province plan to ban entry to old vessels and such with fake or suspicious…