Category: petroleum
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Trump Or Harris? Who Will Inherit Biden’s Mixed Legacy On Key Issues
Washington: Americans head to the polls on Tuesday in a mood of discontent and division, with opinion polls showing nearly two-thirds of voters believe the country has been heading in the wrong direction under President Joe Biden. While the United States economy is the envy of the industrialized world, emerging from COVID shutdowns with strong…
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Harris or Trump will inherit a mixed legacy in 2024 US election
WASHINGTON – Americans head to the polls on Tuesday in a mood of discontent and division, with opinion polls showing nearly two-thirds of voters believe the country has been heading in the wrong direction under President Joe Biden. While the United States economy is the envy of the industrialized world, emerging from COVID shutdowns with…
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COP29 Host Azerbaijan, A Country Steeped In Hydrocarbons
Paris, France: Azerbaijan, host of the upcoming United Nations COP29 climate summit, is a petrostate nestled between Russia and Iran. An ancient history The name Azerbaijan comes from the Persian “azer”, or “sacred fire”, from the temples of the ancient religion of Zoroastrianism, which were fuelled by gas or crude oil that gushed naturally from…
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India Diesel Demand Growth Slows
Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info By Irina Slav – Nov 05, 2024, 1:37 AM CST The growth in demand for diesel fuel in India is slowing down, the latest sales figures have suggested, with the total for…
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Brent crude expected to trade in $75-80 range amid oversupply, weak demand: Report
Fundamental factors, including estimates from OPEC, the International Energy Agency (IEA), and the U.S. Energy Information Administration (EIA), point toward an oversupply scenario in 2024. “The estimates indicate supply in excess of demand growth,” Emkay Wealth said, adding that the outlook is further impacted by China’s declining demand for diesel and gasoline, which has reportedly…
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Shell Turns Germany’s Top Refinery Green
Julianne Geiger Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. More Info By Julianne Geiger – Nov 05, 2024, 8:30 AM CST Shell is gearing up to transform its largest German oil refinery, Rheinland, turning the crude-centric Wesseling site into a base-oil powerhouse.…
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Oil edges down ahead of US election, China NPC meeting
A pumpjack operates at the Vermilion Energy site in Trigueres, France, June 14, 2024. REUTERS/Benoit Tessier/ File Photo Purchase Licensing Rights, opens new tab SINGAPORE, Nov 5 (Reuters) – Oil prices eased slightly on Tuesday as markets braced for uncertainties from the U.S. presidential election, after rising more than 2% in the past session as…
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Marathon Petroleum Tops Estimates Despite Earnings Slump
Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. More Info By Tsvetana Paraskova – Nov 05, 2024, 7:30 AM CST Marathon Petroleum Corp (NYSE: MPC) beat the analyst consensus for its third-quarter earnings by a mile, despite the expected slump…
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South China Sea: A Ticking Time Bomb for Global Trade
ZeroHedge The leading economics blog online covering financial issues, geopolitics and trading. More Info Premium Content By ZeroHedge – Nov 04, 2024, 3:00 PM CST Territorial disputes in the South China Sea involving China and several Asian nations have intensified, raising concerns about potential military conflict and disruptions to global trade. The U.S., while not…
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Turkish Man Accused Of Violating US Sanctions On Venezuelan Oil
By AFP – Agence France Presse November 4, 2024 Order Reprints Print Article Text size A Turkish man has been arrested in Florida for allegedly violating US sanctions by conspiring to ship oil for Venezuela’s state-owned energy company, officials said Monday. Taskin Torlak, 37, was arrested in Miami on Saturday while attempting to leave the…