U.S. East Coast refiners look to Texas crude for discounted oil
U.S. East Coast refiners are shipping more shale oil from the Gulf Coast thanks to heavy discounts for West Texas crude and are also looking to bring more via rail, Continue Reading
US oil producers battle to meet Iran shortfall
As President Donald Trump’s decision to reinstate sanctions on Iran sends oil prices higher, consumers and the administration might hope that US producers could come to the rescue with increased Continue Reading
Poland Reduces Russian Oil Import Dependence, At A Cost
Poland reduced last year the share of its imports of Russian oil to the lowest level since 2005 , but the diversification of oil supplies came at a higher cost Continue Reading
Audi targeting sales of 800,000 BEVs and PHEVs in 2025
Audi aims to sell approximately 800,000 fully electric cars and plug-in hybrids in the year 2025. At today’s Annual General Meeting of Audi AG, the Board of Management is presenting Continue Reading
Oil jumps to highest since 2014 after U.S. quits Iran deal
Oil prices rose more than 3 percent on Wednesday, hitting 3-1/2-year highs, after U.S. President Trump abandoned a nuclear deal with Iran and announced the “highest level” of sanctions against Continue Reading
Oil price shoots higher as Trump quits Iran nuclear deal
More than 12 hours after President Donald Trump announced the US would be pulling out of the nuclear deal with Iran and re-imposing sanctions on the country, the oil price Continue Reading
Oil Market Volatility Set To Soar This Month
After two months of an almost uninterrupted increase, crude oil is set for even more volatility on a string of political events that could see it either touch US$80 or Continue Reading
Crude Oil Draw Set To Improve Bullish Sentiment
After the much-awaited news regarding U.S. sanctions on Iran today, the American Petroleum Institute (API) reported a draw of 1.85 million barrels to the U.S. crude oil inventories for the Continue Reading
Rouhani says Iran will remain in nuclear deal
President Hassan Rouhani said on Tuesday that Iran would remain committed to a multinational nuclear deal despite U.S. President Donald Trump’s decision to withdraw from the 2015 agreement designed to Continue Reading
Iranian question mark hangs over U.S. gas prices
The steady rise in consumer gasoline prices in the United States is tapering off, but a question mark remains over the Iranian deal, analysts said. U.S. President Donald Trump is Continue Reading