Crude oil prices climbed higher in early morning trading on Monday, with both West Texas Intermediate (WTI) and Brent benchmarks posting notable gains. The movement reflects improving sentiment in the energy markets, driven by renewed optimism over global demand trends and stronger buying activity from traders anticipating tighter supply conditions heading into the final quarter […]
Global crude oil benchmarks traded slightly weaker in early Wednesday activity, reflecting a cautious tone across energy markets as traders assessed demand fundamentals against persistent oversupply concerns. West Texas Intermediate (WTI) crude for October 2025 delivery slipped 0.19 percent, or 12 cents, to settle at USD 63.36 per barrel as of 6:00 a.m. EDT. Brent […]
Crude oil prices slipped in early Tuesday trading, reversing recent stability as concerns over demand outlook and persistent supply pressures weighed on market sentiment. West Texas Intermediate (WTI) crude for October 2025 delivery declined by $0.82, or 1.28 percent, to settle at $63.15 per barrel as of 3:09 a.m. EDT. Brent crude for November 2025 […]
Crude oil prices fell on Friday, snapping a two-day rally, as slowing US summer demand and renewed supply concerns from OPEC+ weighed on sentiment. The decline came even as the Russia–Ukraine war showed no signs of resolution, with the European Union weighing secondary sanctions on Russian crude buyers. Moscow’s steady exports to India, China, and […]
Bharat Petroleum Corporation Ltd (BPCL) has announced plans for a ₹95,000 crore refinery expansion project aimed at significantly boosting India’s domestic refining capacity and reducing reliance on imports. The investment, one of the largest in the state-run refiner’s history, underscores the company’s strategic push to strengthen energy security while aligning with the nation’s long-term industrial […]
Abu Dhabi’s ADNOC has sealed a landmark 15-year Sales and Purchase Agreement with Indian Oil Corporation Ltd (IndianOil), committing to supply one million tonnes per annum of liquefied natural gas from its lower-carbon Ruwais LNG project. The deal, which builds on an earlier Heads of Agreement, marks a significant expansion of ADNOC’s footprint in Asia’s […]
PetroChina, Asia’s largest oil and gas producer, reported a sharp decline in first-half profit as weaker crude prices and a sluggish domestic recovery eroded margins across its upstream and downstream segments. The state-owned giant posted a net income of CNY 68.3 billion ($9.4 billion) for January to June 2025, down nearly 10 percent compared with […]
In a significant strategic shift, China’s Zhenhua Oil will double its crude oil offtake from Abu Dhabi National Oil Company (ADNOC) to 200,000 barrels per day by year-end, following its appointment as the asset leader for the UAE’s largest onshore oilfield, Bu Hasa. Zhenhua replaced TotalEnergies in January after a competitive bidding process, gaining full […]
In a rare strategic pivot, Reliance Industries has purchased high-sulphur fuel oil from Hindustan Petroleum Corporation Limited (HPCL), signaling a departure from its usual reliance on Russian supplies. According to several industry insiders, Reliance secured two cargoes, each around 33,000 metric tons, through HPCL tenders that closed in late July and early August, with loading […]
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