Crude oil futures were marginally higher during mid-morning trade in Asia Monday in light of ongoing trade and geopolitical uncertainties, and as market participants look for fresh cues to provide direction.
On Monday, Brent November crude futures inched 9 cents per barrel (0.15%) higher from...
Petrobras’ administration board has approved an update to its plan for the next five years that is expected to call for the state-run oil and gas company to dump its gas distribution as well as its liquefied petroleum gas and biodiesel business, according to media reports.
Instead, Petrobras...
Japanese companies will commit $10 billion to finance LNG projects in Asia to support growth of the regional market, Minister of Economy, Trade and Industry Isshu Sugawara said Thursday.
The investments will be made by both public and private-sector companies and span upstream, midstream and...
President Recep Tayyip Erdogan vowed Ankara would continue to purchase oil and natural gas from Iran despite US sanctions in comments published on Friday.
The United States re-imposed sanctions on Iran after pulling out of the landmark 2015 nuclear deal, and says it aims to reduce Tehran's...
Key oil freight rates from the Middle East to Asia rocketed as much as 28% on Friday in a global oil shipping market spooked by United States sanctions on units of Chinese giant COSCO for alleged involvement in ferrying crude out of Iran.
In what the State Department called “one of the largest...
Oil prices were steady on Thursday but headed for a weekly loss, weighed down by slowing Chinese economic growth that dampens the demand outlook and a faster-than-expected recovery in Saudi output.
Brent fell 6 cents to $62.68 a barrel, while US crude rose 18 cents to $56.59 a barrel. But both...
Russia will have a law on emissions by the end of 2020, the country’s climate envoy Ruslan Edelgeriev said after Prime Minister Dmitry Medvedev signed the decree for Russia’s ratification of the Paris Agreement.
"When it comes to further actions, we will have to do a lot of work within the...
Apart from the slowdown in global oil demand resulting from slowing economies and the US-China trade war, another threat to oil demand may be lurking for oil markets over the next few months—China, the world’s top crude oil importer—could slow down strategic and commercial inventories stockpiling...
Gasoline exports from Europe to the Middle East and Asia are set to surge this week after recent attacks on Saudi Arabia’s oil facilities crippled output at the kingdom’s refineries.
Over 400,000 tons of gasoline and gasoline blending components have been booked in the past week for loading...
Oil prices gained more than 1% to hit their highest levels in two sessions at the start of Monday’s trade as Middle East tensions remained elevated, supporting prices.
The Pentagon has ordered additional troops to be deployed in the Persian Gulf region to strengthen Saudi Arabia’s air and...