Tag: Oil
April 01, 2025
News
OPEC+ Navigates Challenges as Softer Demand Outlook Pressures Oil Market
Oil prices are projected to face downward pressure in 2025 due to a combination of factors, including U.S. tariffs and…
March 31, 2025
News
China Unveils Second Batch of 2025: 12.8M MT Clean Oil Products and 5.2M MT LSFO Export Quotas
China’s Ministry of Commerce has announced the second batch of export quotas for clean oil products and low sulfur fuel…
March 31, 2025
News
The Effect of Electric Vehicles on Oil Demand in the Tanker Market
The tanker market is witnessing significant changes due to the growing electric vehicle (EV) market, particularly in China. In 2024,…
March 29, 2025
News
Russian April ESPO Blend Oil Prices Drop as Chinese State Companies Reduce Imports
Russia’s ESPO Blend oil, a key export, has seen a significant decline in prices, hitting the lowest level in 10…
March 26, 2025
News
Renewable Energy and Natural Gas Overtake Oil and Coal in Recent Growth Trends
The International Energy Agency (IEA) released its latest global review highlighting the positive trends across different energy sectors, with renewables…
March 26, 2025
News
Sources indicate OPEC+ plans to move forward with scheduled oil output increase in May.
OPEC+ is expected to proceed with its plan to increase oil output for the second consecutive month in May, according…
March 22, 2025
News
OPEC+ Unveils New Strategy for Oil Production Cuts to Address Overproduction Issues
OPEC+ has announced a new plan requiring seven member nations to implement additional oil output cuts in response to excess…
March 22, 2025
News
US Introduces Sanctions on Iran’s Oil Tankers and China’s ‘Teapot’ Refineries
The United States announced new sanctions aimed at diminishing Iran’s oil exports, marking the fourth round of such measures since…
March 20, 2025
News
Predicted Decline in Oil Prices by 2025 Compared to Last Year’s Levels
Brent crude oil prices are anticipated to average $73 per barrel in 2025, reflecting a decrease of $7 per barrel…
March 17, 2025
News
China’s Crude Oil Inventories Experience Uncommon Decline Due to Weak Import Levels
China’s recent dip into its crude oil stockpiles marks a significant moment, as this occurred during the first two months…