Independent refiners bought 21% less oil month-on-month: ICIS April imports at 8.4 million b/d down 8.8% from March record China’s oil imports dropped from a record as purchases by the Continue Reading
About 756,000 plug-in electric vehicles (PEVs) were sold in the world in 2016, with 95% of those sales in China, Europe, the United States, Japan, and Canada, according to figures Continue Reading
One recent afternoon at a Shell-branded station on the outskirts of this Dutch city, the price of a gallon of unleaded gas started ticking higher, rising more than 3½ cents Continue Reading
An oil and gas drilling advocacy group published an open letter to Google asking the search engine giant to consider “purging or demoting” websites spreading misinformation about hydraulic fracturing. Google Continue Reading
Russian Energy Minister Alexander Novak on Monday backed extending oil output curbs by leading producers, saying it would help speed up a return to a healthier market. Novak did not Continue Reading
WTI oil prices plunged to almost $45 per barrel yesterday (Figure 1). That was a downward adjustment to where prices should be based on supply, demand and inventory fundamentals. (Click Continue Reading
Money managers least bullish on WTI crude in five months Longs fell, shorts surged just before oil took near 5% tumble Hedge funds jumped out of the oil market just Continue Reading
Saudi Arabia’s energy minister Khalid Al-Falih said on Monday that oil markets were rebalancing after years of oversupply, but that he still expected an OPEC-led deal to cut output during Continue Reading
Prolonging cuts will speed up rebalancing of market: Novak Saudi Minister Al-Falih confident of agreement to extend Saudi Arabia and Russia signaled they could extend production cuts into 2018, doubling Continue Reading
Indian Oil boosting spot purchases of low-sulfur crude: Ashok Company reducing share of purchases made via long-term deals The global oil market glut is helping India’s biggest crude processor become Continue Reading
