Oil: Prices dip, but set for weekly gain of over 3%
OIL prices dipped on Friday (Mar 15), a day after topping US$85 a barrel for the first time since November, but prices...
IEA sees subdued oil demand growth as economic headwinds remain
THE International Energy Agency sees oil demand growth this year at 1.3 million barrels per day (bpd), down a full million bpd...
US leads global oil production for sixth straight year: EIA
US CRUDE oil production lead global oil production for a sixth straight year, with a record breaking average production of 12.9 million...
Oil prices slips amid concerns over the Middle East, China demand
GLOBAL benchmark Brent slipped on Monday (Mar 11), dipping below US$82 a barrel, as persistent geopolitical concerns in the Middle East and...
Oil posts weekly loss as markets weigh Chinese demand
OIL prices closed 1 per cent lower on Friday (Mar 8) and fell even more for the week as markets remained wary...
China's CNOOC makes 100 million ton oilfield discovery in South China Sea
CHINESE state-owned oil and gas giant CNOOC has discovered a new reserve in the South China Sea containing over 100 million tons...
When the fix for lower commodity prices isn’t low prices
EVERY student of the commodity market soon learns the industry’s main axiom: “Low prices cure low prices, and high prices cure high...
Adnoc says AI added US$500 million of extra value in 2023
ABU Dhabi National Oil Company’s (Adnoc) use of artificial intelligence generated US$500 million of additional value last year, it said on Tuesday...
Oil-sector risks mount amid higher demand-and-supply uncertainty
OIL prices may have pulled back from their recent highs, but observers warned that more risks await the industry against a backdrop...
China barred from buying US oil reserves in funding bill
CHINA would be barred from buying oil from the United States’s emergency stockpiles under a provision included in must-pass government funding legislation...