Oil slides 4% on China virus curbs and strong dollar

August 9, 2021, 12:47:49 PM

Oil prices fell by 4% on Monday, extending last week's steep losses on the back of a rising U.S. dollar and concerns that new coronavirus-related restrictions in Asia, especially China, could slow a global recovery in fuel demand.

by Reuters

Russia's energy ministry proposes export ban on some petrol types - Ifax

August 2, 2021, 1:30:19 PM

Russia's energy ministry has proposed banning exports of the 92-octane and 95-octane types of petrol for three months, the Interfax news agency cited unnamed sources as saying on Monday.

by Reuters

EU extends tariffs on U.S. biodiesel for five years

August 2, 2021, 1:29:28 PM

The European Union will retain its tariffs on U.S. biodiesel for a further five years after concluding that removing them would likely lead to a surge of imports at artificially low prices.

by Reuters

Oil prices hit by concern over Chinese economy and higher supply

August 2, 2021, 1:28:25 PM

Oil prices fell on Monday as worries over China's economy resurfaced after a survey showing growth in factory activity slipped sharply in the world's second-largest oil consumer, with concerns compounded by higher crude output from OPEC producers.

by Reuters

Big Oil back to boom after pandemic bust, aiding climate push

July 29, 2021, 12:55:21 PM

Europe's top energy companies signalled confidence in a lasting recovery from the pandemic impact by drawing on higher oil prices to boost shareholder returns and reassure investors as they roll out risky climate strategies.

by Reuters

Oil Prices Boosted By Falling Crude Inventories

July 28, 2021, 2:53:28 PM

Crude oil prices rose today after the Energy Information Administration reported an inventory draw of 4.1 million barrels for the week to July 23.

by Irina Slav

Iraq Wants Other U.S. Oil Company To Replace Exxon

July 27, 2021, 2:35:29 PM

Iraq wants another U.S. company to replace Exxon as a shareholder in the West Qurna 1 field, one of the country's largest after the supermajor leaves the country.

by Irina Slav

Big Oil Companies Push Hydrogen as Green Alternative, but Obstacles Remain

July 26, 2021, 2:05:52 PM

BP PLC, Royal Dutch Shell PLC and TotalEnergies SE are all pursuing multimillion-dollar hydrogen projects, often with government support, as they seek to redefine their future role in a world less reliant on fossil fuels. Hydrogen made using renewable energy can be produced and used without emitting carbon dioxide.

by The Wallstreet Journal

Oil falls as coronavirus, slower China imports hit demand

July 26, 2021, 2:04:26 PM

Oil prices fell on Monday due to concerns over fuel demand caused by the spread of COVID-19 variants and as changes to import rules in China offset expectations of tight supplies through the rest of the year.

by Noah Browning

U.S. mulls crackdown on Chinese imports of Iranian oil

July 23, 2021, 9:52:14 PM

The United States is considering cracking down on Iranian oil sales to China as it braces for the possibility that Tehran may not return to nuclear talks or may adopt a harder line whenever it does, a U.S. official said.

by Reuters