Tag: Oil
March 15, 2025
News
Kazakhstan Increases Oil Exports Through Baku-Tbilisi-Ceyhan Pipeline in February 2023
Kazakhstan has increased its oil exports through the Baku-Tbilisi-Ceyhan (BTC) pipeline, achieving a notable rise of 38% in February compared…
March 15, 2025
News
Russia’s Novak Predicts Increased Oil Demand During Upcoming Driving Season
According to Russia’s Deputy Prime Minister Alexander Novak, global oil demand is expected to increase in the coming months as…
March 14, 2025
News
IEA Predicts Oil Demand Decline in 2025 Due to Tariff Impact
The International Energy Agency (IEA) has issued a warning regarding the impact of new US tariffs on global oil demand…
March 14, 2025
News
Is the Era of Affordable Palm Oil Over? Biodiesel Demand Causes Production to Stall
The surge in biodiesel demand and stagnating palm oil production are driving prices higher, a significant shift for this once-affordable…
March 12, 2025
News
Russian Oil Exports to India Bounce Back in March, Report Sources
In March, Indian imports of Russian oil experienced a notable rebound, returning to levels close to normal after a three-month…
March 12, 2025
News
Occidental Petroleum Predicts U.S. Oil Production Will Peak Within the Next Five Years
Occidental Petroleum Corp’s CEO, Vicki Hollub, shared her insight at the CERAWeek conference in Houston, Texas, stating that U.S. oil…
March 12, 2025
News
API Reports Increase in U.S. Crude Oil Inventories Last Week
The American Petroleum Institute (API) announced on Tuesday that U.S. crude oil inventories saw an increase of 4.247 million barrels…
March 12, 2025
News
Gunvor CEO Indicates Global Oil Supply Growth Surpassing Demand Levels
The CEO of Gunvor, one of the largest oil trading companies globally, has indicated that the growth in oil supply…
March 12, 2025
News
Oil Prices Rise with Weak Dollar, but Tariff Worries Limit Increases
Oil prices experienced a slight increase on Wednesday, supported by a weaker dollar, although concerns about a potential U.S. economic…
March 11, 2025
News
Asian Crude Oil Market Share Competition Could Be Heating Up Soon
A new competition for crude oil market share in Asia appears to be emerging as major exporters Saudi Arabia and…