Oil and Gas

US debt concerns put pressure on oil markets

Fitch has placed the US AAA credit rating on watch for possible downgrade due to the risk of Washington defaulting on its debts if the US public debt ceiling is not raised.

May 25, 2023

News

Oil jumps after a sharp and sudden drop in US oil inventories

Crude oil inventories fell 12.5 million barrels in the week ending May 19, to 455.2 million barrels, compared to analysts’ expectations of an 800,000-barrel increase in a poll Reuters. The administration said

May 24, 2023

News

Supply shortage issues push oil higher

Data from the American Petroleum Institute on Tuesday evening showed a sharp drop in crude oil and fuel inventories in the United States. According to data from the institute, crude inventories fell

May 24, 2023

News

Turkey is the main destination for Russian diesel shipments in May

Russia’s primary oil refining capacity is expected to increase by 1.9 million tonnes this month from April, reaching 4.4 million tonnes. Since a full EU embargo on Russian petroleum products came into

May 22, 2023

News

China increases imports of Russian crude oil in April

Total imports from Russia, including seaborne shipments and pipeline supplies, amounted to 7.1 million tonnes, or 1.73 million barrels per day, according to customs data released on Saturday. Big private refiners have

May 20, 2023

News

Oil heads for record weekly gains

Brent crude futures rose 41 cents, or 0.6%, to $76.29 a barrel at 0245 GMT. U.S. West Texas Intermediate crude also rose 36 cents, or 0.5%, to $72.32, according to Reuters data.

May 19, 2023

News

Oil prices fall after surge in US inventories

Brent crude futures fell 19 cents, or 0.25%, to $76.79 a barrel at 0241 GMT. U.S. West Texas Intermediate crude also fell 14 cents, or 0.2%, to $72.75 a barrel, according to

May 18, 2023

News

Oil stabilizes after surge in US inventories

U.S. crude inventories rose about 3.6 million barrels in the week ending May 12, according to figures from the American Petroleum Institute. Seven analysts polled by Reuters had expected a drop of

May 17, 2023

News

Europe is headed for India… the target is “Russian oil”

And India is one of the countries that has bought the most Russian oil in the last year, following the imposition of a series of economic sanctions on Moscow, mainly aimed at

May 17, 2023

Conflicts, Military and War·News

Oil rises after US plans to fill strategic reserves

The U.S. Department of Energy said Monday it would purchase 3 million barrels of crude oil for the Strategic Petroleum Reserve for delivery in August, and called for bids by May 31.

May 16, 2023

News

Oil and Gas- Page 82

US debt concerns put pressure on oil markets

Oil jumps after a sharp and sudden drop in US oil inventories

Supply shortage issues push oil higher

Turkey is the main destination for Russian diesel shipments in May

China increases imports of Russian crude oil in April

Oil heads for record weekly gains

Oil prices fall after surge in US inventories

Oil stabilizes after surge in US inventories

Europe is headed for India… the target is “Russian oil”

Oil rises after US plans to fill strategic reserves

Radical Islam is being appreciated by Indian authorities too

Bangladesh; India’s Biggest Ally or China’s Dragon Nest?

Ahmadis in Bangladesh face fresh threat of persecution

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Oil and Gas- Page 82

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