Thursday

26-06-2025 Vol 19

Tag: Oil

Singapore’s Fuel Oil Reserves Increase for Fourth Consecutive Week

Onshore fuel oil inventories in Singapore have experienced a rise for the fourth consecutive week, driven by strong import levels,…

Oil Prices Drop as Market Evaluates Ongoing Tensions in the Middle East

Oil prices dipped on Thursday, reversing earlier gains made during the Asian trading session. This shift came as market participants…

Oil Prices Decline as Markets Evaluate Outcome of US-China Trade Negotiations

Oil prices showed a downward trend on Wednesday as markets awaited the outcome of U.S.-China trade negotiations. The weak demand…

EIA Reports US Oil Production Will Decrease Next Year for the First Time Since 2021

The U.S. Energy Information Administration (EIA) recently announced that U.S. crude oil production is expected to decline next year for…

EU Suggests Ban on Russian Oil Product Imports with $45 per Barrel Price Cap

The European Union has put forth a proposal to ban imports of refined oil products derived from Russian crude oil…

Japan Imports First Russian Oil Cargo Since 2023 to Boost Sakhalin LNG Operations

Japan’s Taiyo Oil has imported its first cargo of Russian oil since early 2023, taking delivery of 600,000 barrels of…

Traders Report Narrowest Discounts for Russian Urals Oil Prices in India Since 2022, Reuters Says

Discounts for Russian Urals crude oil destined for Indian ports have reached their narrowest levels since 2022, according to four…

FAO Food Price Index Falls in May Driven by Declines in Cereal, Sugar, and Vegetable Oil Prices

In May, the FAO Food Price Index, which tracks global food commodity prices, experienced a decline, primarily due to significant…

Asian Fuel Oil Imports from Iraq Reach Four-Month Peak in May, Reports Reuters AP Newsletters

In May, Asia’s fuel oil imports from Iraq surged to a four-month high, reaching a total of 910,000 metric tons,…

Saudi Arabia Lowers July Oil Prices to Asia to Lowest in Four Years Following OPEC+ Supply Increase

Saudi Arabia, the world’s leading oil exporter, has lowered its prices for Asian crude buyers to the lowest level in…