Sinopec, China’s biggest oil refiner, has reduced its run rates by 10%, Bloomberg reported today, citing unnamed sources, in response…
Browsing: OPEC Announcements
Oil markets remained volatile in early Asian trade on Monday as Trump attempts to form a broader coalition of countries…
U.S. President Donald Trump said American forces had launched a major bombing raid on Iran’s strategic Kharg Island, targeting military…
Bank of America is warning investors not to chase oil prices higher if crude climbs above $100 per barrel, arguing…
The top Asian refiner, China’s state-controlled Sinopec, plans to slash this month its refinery processing rates by 11-13% as crude…
Saudi Arabia has slashed oil output by roughly 20% as the war with Iran continues to choke off exports from…
Investment banks are scrambling to revise up their oil price forecasts as the Middle East war cripples supply from the…
Refiners can legally buy at least 19 million barrels of Russian crude held on 25 tankers in Asia under the…
Goldman Sachs expects Brent Crude prices to average over $100 per barrel this month as the Middle East war continues…
Oil producers in the Arab Gulf have already lost at least $15.1 billion in oil and gas revenues since the…