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Brent, WTI Crude Jump amid Mideast Tensions

Brent and WTI crude prices jumped on Monday in Asia amid the heating up in tensions among Mideastern countries. Concerns raged over output and...

WTI Crude Slips, China Refineries Surge

WTI crude prices dropped amid the uncertainty over phase one trade deal signing. US West Texas Intermediate crude futures lost 15 cents or 0.3%...

Oil and Petroleum Prices Start the New Year with Gains

Oil and petroleum prices advance with good momentum this second day of the year. Major futures – Brent and WTI crude oil contracts –...

The International Maritime Organization 2020 Sulfur Level Assessment

For the last two years, the International Maritime Organization came up to a decision of capping the sulfur level of global marine fuels. The...

Petroleum Giant Rosneft Failed to End Tainted Oil Crisis

  On Tuesday, Kremlin-run petroleum giant Rosneft said that Transneft, which manages Russia's oil pipelines, was unsuccessful to deliver an answer to a tainted-oil crisis. Since...

Indonesia Seeks for Assistance as Petroleum Product Spill Continues

Sedari’s fishermen are still grounded by the massive spill. It was weeks after an unexpected stream of crude oil from a tank. It has...

Trump Administration in Talks as Biofuel Energy Wanes

On Thursday, top Trump administration officials met to study choices for suppressing a reaction in politically influential farm states over recent biofuel energy policy...

OPEC’s Market Share Collapses

Recently, OPEC's share of the global oil market has plunged to 30%, the lowest in years. It is after results of supply limit and involuntary...

Petroleum Products Price Downtrends Ahead of Crude Inventories

On Tuesday, petroleum products price curved in slightly. It was after the prior surge, as the pause of news on the U.S.-China trade front...

China’s Government Favors Coal Mine

In 2019, China's government documents showed that sanctions for the new coal mine construction in China have risen. Beijing, the capital of China, anticipates the...