Tag: Oil
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…
March 11, 2025
News
Verde Marine Energy BV Expands Operations by Introducing VLSFO Fuel Oil Supply Services
Verde Marine Energy BV is excited to announce the launch of its Very Low Sulphur Fuel Oil (VLSFO) supply operations.…
March 11, 2025
News
Alberta Premier: Canada can increase oil supply to US but needs access to new markets too.
Alberta Premier Danielle Smith announced on Monday that Canada intends to continue supplying crude oil to the United States. However,…
March 11, 2025
News
US Energy Secretary: Improving Infrastructure Could Lead to Reduced Oil Prices
US Energy Secretary Chris Wright emphasized the need for streamlined infrastructure development as a key strategy to reduce oil prices.…