Thursday

26-06-2025 Vol 19

Tag: Oil

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…

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…

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…

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…

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…

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…

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…

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…

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.…

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…