oil

Electric vehicles are taking ever-bigger bites out of global oil demand, but they haven’t yet caught up with the growing size of the pie.

Gasoline and diesel displacement by electric …
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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 …
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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 …
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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 …
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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 …
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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.

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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 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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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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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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