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Disabled oil tanker adrift in Baltic Sea towed to Sassnitz
A loaded oil tanker that lost the ability to manoeuvre in the Baltic Sea near the German island of Rügen has been towed to the city…
Tag
Oil
News
Disabled oil tanker adrift in Baltic Sea being towed eastwards
A loaded oil tanker that lost the ability to manoeuvre in the Baltic Sea near the German island of Rügen was being towed almost 25…
News
German tug secures 'shadow fleet' oil tanker adrift in Baltic Sea
German rescue teams have managed to secure towing lines to a loaded oil tanker that lost the ability to manoeuvre in the Baltic Sea near…
News
Oil settles up 1% as cold weather in US, Europe drives winter fuel demand
OIL prices rose more than 1 per cent on Thursday (Jan 9) as cold weather gripped parts of the United States and Europe, boosting winter…
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Oil prices ease as weak economic data offsets higher US winter storm heating demand
OIL prices eased in volatile trade on Monday (Jan 6) as some bearish economic news from the United States and Germany offset bullish…
Business
Oil prices ease as markets weigh China stimulus hopes
OIL edged lower on Thursday (Dec 26) in light holiday trade as the US dollar’s strength offset hopes for additional fiscal stimulus in…
Business
Oil prices edge higher on hopes for more China stimulus
OIL prices edged higher on Thursday (Dec 26) in thin holiday trading, driven by hopes for additional fiscal stimulus in China, the world’s…
Business
Oil steady as markets weigh Fed rate cut expectations, Chinese demand
Oil prices were little changed at their settle on Friday (Dec 20) as markets weighed Chinese demand and interest rate-cut expectations…
Business
Oil drops as dour economic outlook adds to oversupply concerns
OIL prices fell on Thursday (Dec 19) after central bankers in the US and Europe signalled caution over further easing of monetary policy,…
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Engineer Bridges Technology and Sustainability in Palm Oil Industry
Addressing environmental sustainability is essential in the fight against the climate crisis. This commitment not only helps restore…
News
Alaska is a climate victim and a perpetrator. The next four years will only make matters worse
“I’m just waiting to start hearing methane explosions like they do in Russia,” says Bethel, Alaska, City Council Member Mark Springer.…
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Gulf of Mexico oil and gas leasing programme advances
The US Bureau of Ocean Energy Management (BOEM) has announced the availability of the draft programmatic environmental impact statement…
News
Commodities firm Trafigura goes on Swiss trial over alleged bribes paid to win Angola oil contract
GENEVA (AP) — For the first time in Switzerland, a multinational company faces a criminal trial Monday on charges of bribing a foreign…
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Oil settles down as ease of supply risks drives weekly loss
OIL prices edged lower on Friday (Nov 29) and posted a weekly decline of more than 3 per cent, pressured by easing concern over supply…
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Oil falls US$2 on possible Middle East peace deal
OIL prices fell more US$2 on Monday (Nov 25) after multiple reports that Israel and Lebanon had agreed to the terms of a deal to end the…
Lifestyle
Used cooking oil the new black gold as it rides biofuel demand, limited supply
Europe is the largest consumer of the feedstock globally, but regulatory uncertainty in US, Europe still a hurdle GLOBAL demand for used…
Business
Oil settles slightly higher, investors focus on steep draw in fuel stocks
Oil prices closed slightly higher in choppy trading on Thursday (Nov 14), as a steep draw in US fuel stocks outweighed oversupply concerns…
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Aramco cuts oil prices to Asia for December after Opec+ delay
SAUDI Arabia lowered oil prices for buyers in Asia for December after members of the Opec+, which includes the Organization of the…
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Oil prices jump over 1% on delayed Opec+ output hike
OIL prices rose by more than US$1 in early trading on Monday (Nov 4) after Opec+ said on Sunday it would delay a planned December output…
Business
How one of the tiniest oil markets cost Singapore-based Trafigura over US$1 billion
Trafigura Group is a giant of commodity trading. On any given day, it handles enough oil to supply the entire needs of France three times…
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Oil prices settle up slightly on Iran worries, but prices down for week
OIL prices edged up on Friday (Nov 1) on reports Iran was preparing a retaliatory strike on Israel from Iraq in the coming days, but…
Business
Oil rises on US stockpiles drawdown, Opec+ mulls output hike delay
Oil prices rebounded on Wednesday (Oct 30), rising more than 2 per cent after data showed US crude and gasoline inventories fell…
Business
PetroChina profits fall on weaker oil and economic slowdown
Cumulative losses for the nation’s fuel-makers total 32 billion yuan this year till September, amid a downturn in the nation’s property…
Business
Sinopec profits slump as oil refining suffers from weak economy
SINOPEC’s third-quarter profits contracted as China’s biggest oil refiner increasingly finds itself under pressure from the nation’s…