Tag: Oil
April 24, 2025
News
FUJAIRAH DATA: Refined Oil Product Stocks Fall to Lowest Level in Four Weeks
Oil product inventories at the Port of Fujairah in the UAE have seen a slight decline, dropping by 0.4% for…
April 23, 2025
News
China’s Fuel Oil Imports Plummet 29% in March Compared to February 2023
China’s fuel oil imports experienced a significant decline in March, dropping 29% compared to February and 30% when measured against…
April 23, 2025
News
Data Reveals Russian Oil Reduces OPEC’s Share of India’s Imports to Record Low Levels
The share of OPEC oil in India’s imports has hit an all-time low for the fiscal year 2024-25, primarily due…
April 20, 2025
News
Fitch Ratings Lowers Short-Term Oil Price Projections While Keeping Natural Gas Prices Steady
Fitch Ratings has announced a reduction in its short-term oil price forecasts for Brent and WTI for 2025, primarily due…
April 20, 2025
News
Trade Turmoil’s Impact on the Oil Market: Lasting Effects and Scars Remain
The ongoing trade turmoil, particularly stemming from President Trump’s trade war, is significantly impacting the U.S. oil industry. Nimble oil…
April 20, 2025
News
Singapore’s Fuel Oil Stockpiles Rise Due to Increased Inflows from the Middle East
Onshore fuel oil inventories in Singapore, a key trading hub, have seen a rise for the second consecutive week, largely…
April 20, 2025
News
Azerbaijan Sees 5.5% Decline in Oil Exports via BTC Pipeline from January to March
Azerbaijan’s oil exports via the Baku-Tbilisi-Ceyhan (BTC) pipeline experienced a decline of 5.5% in the first quarter of 2025, totaling…
April 14, 2025
News
US EIA Issues Caution on Reduced Oil Demand Due to Tariffs and Trade Instability
The U.S. Energy Information Administration (EIA) has issued a warning regarding the potential for lower oil demand due to ongoing…
April 14, 2025
News
Chevron Cancels Venezuelan Oil Shipments Due to Uncertainty Surrounding Payment Options
Chevron’s Venezuelan oil shipments are facing significant disruption as at least two vessels, chartered by the company, have been stalled.…
April 14, 2025
News
Oil Demand Challenges May Impact Tanker Industry Significantly
Concerns about the impact of declining oil prices on the tanker market are growing. According to Gibson, the duration of…