The latest round of US sanctions on Iran indicates a growing resolve to tighten the economic pressure on Tehran, according to Rystad Energy.
April 06, 2025
US refiners have established a highly advantageous refining sector by heavily depending on crude oil imports from Canada and Mexico, particularly heavy crude, which is not sufficiently available domestically.
April 05, 2025
A monthly Reuters poll in Mar. indicated that analysts anticipate capped oil price increases for the remainder of 2025.
April 05, 2025
European refiners are facing increasing pressure to adapt to the energy transition, with several closures already underway and more expected in the coming years.
March 31, 2025
The week ending Mar. 28 saw crude oil futures experience volatility driven by a complex interplay of factors.
March 30, 2025
In Norway, Equinor Energy AS has awarded Technip FMC a contract for the Johan Sverdrup Phase 3 development in the Norwegian North Sea.
March 30, 2025
A Reuters survey of Asian refining and trading sources indicated on Mar. 28 that Saudi Arabia, the world's leading crude oil exporter, is likely to reduce the price of its oil for Asian delivery in May.
March 30, 2025
The American Petroleum Institute (API) and other industry stakeholders are raising significant concerns about the US Trade Representative's (USTR) proposal to impose substantial port fees on Chinese-built vessels.
March 30, 2025
Heavy Crude Market Shifts due to Shrinking Canadian Discounts and Venezuelan Supply Disruptions according to RBN Energy.
March 24, 2025
The week ending Mar. 21 marked by fluctuating prices influenced by geopolitical tensions, economic indicators, and OPEC+ supply decisions.
March 23, 2025
