Oil benchmarks edged lower on Tuesday, with both Brent and WTI crude futures closing in the red. Brent crude for December 2025 delivery settled at USD 66.32 per barrel, after trading between a high of USD 66.83 and a low of USD 66.10. The contract slipped by 77 cents on the day, marking a 1.15% […]
Oil markets pulled back last week as traders weighed growing supply concerns and softer demand signals. Brent crude settled at USD 68.33 per barrel, down 0.89 (–1.29 percent), while WTI crude closed at USD 64.76 per barrel, slipping 0.96 (–1.46 percent). The December 2025 contract anchored the Brent figure, while WTI’s reference was tied to […]
Crude oil futures closed the week higher on Friday, lifted by a tangle of geopolitical shocks that tightened supply from major producers even as trade tensions and demand worries limited the rally. Benchmark Brent gained 1.02 percent, settling at US $70.13 a barrel on the ICE exchange, while West Texas Intermediate rose 1.14 percent to […]
S-Oil Corp is preparing to take its No.1 residue fluid catalytic cracker (RFCC) unit in Onsan, South Korea, offline for a scheduled maintenance turnaround later this year, according to market sources. A contact in South Korea said the refinery plans to begin the outage by mid-October 2025, with operations expected to remain suspended until the […]
Ethylene prices edged lower across Europe on Tuesday, weighed down by hesitant buyers and a market still awash with supply. Traders said high inflation and elevated interest rates are keeping downstream demand soft, undermining any lift from recent production cutbacks. Market sources told that even with European producers trimming output, the region remains oversupplied, leaving […]
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