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Supply

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 …
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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, …
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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 …
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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, …
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Oil market rebounds on US energy report
4 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 …
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Oil falls towards $61 as rally’s sustainability in question

By  •  Advocacy, Supply

LONDON (Reuters) – Oil fell more than $1 towards $61 a barrel on Wednesday, failing to build on gains of over 1 percent in the previous session as analysts said …
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Europe’s oil refiners miss out as maintenance season starts

By  •  Advocacy, Supply

Refinery margins – the profit from processing crude oil into jet fuel, diesel, gasoline and other products – have been unusually high since oil prices started a sharp decline in …
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Caltex joins the hunt for assets
4 years ago

Caltex joins the hunt for assets

By  •  Advocacy, Supply

Another big player is on the prowl in the depressed oil and gas sector, with Caltex Australia ­saying it could make large ­acquisitions outside its core ­refining and marketing business, …
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Caltex full-year profit surges 48pc after petrol prices lag crude fall

By  •  Advocacy, Supply

Oil refiner and marketer Caltex Australia has reported a better than expected underlying full-year profit as Australian petrol prices lagged falls in the price of crude oil, and as it …
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Spell of relief won’t help European refiners for long

By  •  Advocacy, Supply

Europe’s refining sector is getting a break from its misery. But this spell of relief might not be good for its wellbeing in the long run.

Lower crude oil prices …
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