Kazakhstan to Divert Kashagan Oil to China After Ukraine Drone Attack
Kazakhstan said on Wednesday it would redirect some oil from its Kashagan field to China and other routes after a Ukrainian drone attack last month on the Caspian Pipeline Consortium's Black Sea terminal in Russia.The…
Oil Prices Steady with Ukraine Peace Talks, US Interest Rate Decision Looms
Oil prices steadied on Tuesday after falling 2% in the previous session, with investors keeping a close eye on peace talks to end Russia's war in Ukraine, concerns about ample supply and a looming decision on U.S.
Kazakhstan to Directly Supply Kashagan Oil to China Due to CPC Damage
Kazakhstan plans to supply 50,000 metric tons of crude to China directly from the vast Kashagan field in December for the first time after a Ukrainian drone damaged the Black Sea terminal of the Caspian Pipeline Consortium (CPC)…
Oil Prices Fall as Iraqi Production is Restored, Ukraine Talks Continue
Oil prices slipped more than $1 on Monday after Iraq restored production at one of its oilfields which accounts for 0.5% of world oil supply, while investors weighed ongoing talks to end the war in Ukraine.Brent crude futures were down $1.07…
Palm oil prices rise before the Dalian trading stoppage
The Globex electronic trading system was down on Friday, and all Bursa Malaysia derivatives were affected. The benchmark palm-oil contract for February delivery at the Bursa Derivatives exchange gained 22 ringgit or 0.54% to 4,112 Ringgit ($995.88).
The central bank of Russia says that the discount on Russian Urals oil prices has increased to 23% by November.
In its latest review, the Russian Central Bank said that the discount between the price of the Urals oil blend and Brent global benchmark has increased by six percentage points to 23% this month. Although the…
The central bank of Russia says that the discount on Russian Urals oil prices has increased to 23% by November.
The Russian central bank announced on Thursday that the discount between Brent and Urals, which is Brent's global benchmark oil, has increased by six percentage points to 23% this month. These discounts are less…
Dalian's strength and VEGOILS extends its advantage over Malaysian weather concerns
Malaysian palm futures rose for the second session in a row on Thursday. This was due to production concerns caused by adverse weather conditions and the tracking strength of rival Dalian edible oil. The benchmark…
VEGOILS - Palm extends its gain over Malaysia weather concerns and Dalian strength
Malaysian palm futures rose on Thursday for the second session in a row, boosted by concerns about production due to bad weather and the strength of rival Dalian edible oil. By midday, the benchmark palm oil contract…
Malaysia palm oil exports from China fell by almost 29% in October
Malaysian palm oil exports fell by nearly 29% to China in the first ten months of 2025. This was announced on Thursday by the plantation and commodities Minister. In his opening remarks at a industry dialogue…
Mexico's Pemex refines more and pumps less at home, according to data from October
Data shows that the Mexican state energy company Pemex refined more crude oil at home in October, but pumped less crude oil. Pemex attributes the continued decline in crude production, currently averaging 1.36 million barrels per day (bpd)…
Oil Prices Fall as Ukraine Signals Support for Peace Deal
Oil prices fell over 2% on Tuesday after Ukraine hinted that an intense diplomatic push by the U.S. administration to end Russia's war against it could be yielding fruit.An end to the war in Ukraine could pave…
What might Maduro have to offer Trump? What could Maduro offer Trump in potential talks?
Venezuelan President Nicolas Maduro is in a position to use crude oil cargoes that Venezuela sells mainly to China as a bargaining tool if Venezuela decides to negotiate with the United States. The Trump administration…
Russian Urals Discounts in India Triple Since August as US Sanctions Hit
Discounts for Russian flagship Urals crude in Indian ports have tripled since August against dated Brent as U.S. sanctions drive key buyers away from Moscow-supplied oil, three sources involved in the trade said.The…
Lukoil Trading Arm Falls Apart Under US Sanctions
U.S. sanctions are dismantling what remains of Lukoil's Litasco, once Russia's biggest oil trader and a rival to top Swiss houses and oil majors, five sources told Reuters.The measures, which also target state-owned Rosneft…
VEGOILS-Palm ends four-week losing streak amid weak demand, elevated stocks
Malaysian palm-oil futures ended Friday on a high note, ending a four week decline despite concerns about a weak demand for November and higher inventories. At the close, the benchmark palm oil contract on Bursa…
Almost a Third of Russian Seaborne Oil Export Potential is Stuck in Tankers
Around 1.4 million barrels per day of Russian oil, or almost a third of the country's seaborne exporting potential, remain in tankers as unloading slows due to U.S. sanctions against Rosneft and Lukoil, JPMorgan said on Thursday.The U.S.
Russian Oil Exports Remain Stable Despite Recent Sanctions
Russia has maintained a steady pace of oil shipments from its sea ports at the start of November despite fresh U.S. sanctions imposed on the country's largest oil companies, traders said and LSEG data shows.The…
ExxonMobil warns EU laws could force ExxonMobil to leave Europe
Woods is one of a growing group of energy producers who are urging European legislators to revise Corporate Sustainability Due Diligence, which mandates that companies operating in the EU identify and address…
ExxonMobil warns EU laws could lead to Exodus from Europe
ExxonMobil, the U.S. energy company, will be unable to do business in Europe if the EU does not loosen a law on sustainability that penalises companies with fines up to 5% of their global revenue. Woods has joined…