Image

oil

Asia’s resilient fuel demand vindicates OPEC policy…for now

SINGAPORE (Reuters) – Asian consumption of gasoline and other fuels has beaten expectations due to demand stemming from structural changes in the economies of Asia’s biggest oil users, vindicating for …
Read More

Oil product imports set to soar as BP, Shell close Australian refineries

Australia’s oil product imports in 2015 are expected to grow at the fastest pace in at least seven years as it shuts another ageing refinery, putting it on track to …
Read More

Shale won’t last, drill in Arctic: council

The US should immediately begin a push to exploit its enormous trove of oil in the Arctic waters off of Alaska, or risk a renewed reliance on imported oil in …
Read More

Shell pulls back from shale in South Africa

JOHANNESBURG (Reuters) – Royal Dutch Shell is pulling back from its shale projects in South Africa due to lower energy prices and delays in obtaining an exploration licence for …
Read More

US running out of room to store oil

The US has so much crude that it is running out of places to put it, and that could drive oil and petrol prices even lower in coming months.


Read More

US production moves could fuel oil prices

By  •  Advocacy, Supply

Something of a paradox is developing in the US onshore oil and gas sector. Even as the number of rigs drilling for shale oil and gas declines the actual volumes …
Read More

One of the world’s largest oil producing countries is running out of gasoline

By  •  Advocacy, Supply

One of the world’s largest oil producers is running out of gasoline.

Nigeria’s main cities are facing acute gasoline shortages as importers feel the pinch of a plummeting local currency, …
Read More

Refinery workers strike spreads to biggest US location

By  •  Advocacy, Supply

The first nationwide oil refinery strike in more than 30 years was poised to expand this weekend in a labor dispute that may start having more of an impact on …
Read More

Brent crude surges 5% on demand hopes

By  •  Advocacy, Supply

Oil futures have turned sharply higher as traders overlook record-high US inventories to focus on signs of improving demand.

Light, sweet oil for April delivery ended up $US1.71, or 3.5 per cent, …
Read More

Oil market rebounds on US energy report
3 years ago

Oil market rebounds on US energy report

By  •  Advocacy, Supply

London (AFP) – Global oil prices rallied Wednesday as sliding US gasoline and distillates inventories eclipsed news that soaring crude reserves hit another record high last week.

Brent North …
Read More