Oil Prices Surge on Fresh Middle East Strikes and API Crude Draw
Oil prices spiked in early Asian trade on Wednesday, erasing a significant portion of Tuesday’s selloff on the…
China’s Refinery Runs Crash to Pandemic Lows as Crude Imports Collapse
Chinese refiners further slashed crude processing in June, with volumes crumbling to the pandemic lows of 2020 amid…
Nearly 2 million barrels of Iraqi crude oil arrive at Vietnam port after passing through Strait of Hormuz
A crude oil tanker carrying Iraqi crude oil arrives in Vietnam.…
Is This the Worst Fall of the Indian Rupee in History? Here Is What the Data Actually Shows – Fact Crescendo Sri Lanka English
Subscribe to our WhatsApp Channel When the Indian Rupee hit 96.82 against the US Dollar in May 2026,…
Canada’s Trans Mountain Pipeline Moves Toward Another Capacity Increase
Trans Mountain Corp. will hold another open season for the expanded pipeline that takes crude from Alberta to…
Europe’s Arctic Oil Dilemma Deepens as Supply Fears Grow
A dozen financial institutions from Scandinavia have urged the European Commission to remain firm in its opposition to…
Chevron CEO Warns of Emerging Physical Shortages in Crude Oil
Signs of physical shortages in crude oil are emerging, the chief executive of Chevron warned this week, noting…
South Korea introduces relief payments amid oil crisis
South Korea has added relief payments to its sweep of measures to tackle the ongoing oil crisis as…
Dangote Begins Crude Production, Targets Market Supply
Dangote Group has achieved first oil from its upstream assets and is aiming to start pumping marketable crude…
Asean refineries shut units and cut output in fight for survival
As a result, refineries across the wider Asia-Pacific region have also started cutting runs or temporarily shutting units,…
Trump brands UK ‘crazy’ for not drilling the North Sea. But would it actually lower energy bills?
Donald Trump has unleashed his latest attack on renewables, branding the UK “crazy” for not boosting oil extraction…
Crude oil price sparks Australia recession fears as unpredictability of Iran conflict continues
More than one million people would be jobless, inflation could double and Australia would plunge into a recession…