News

Oil steadies as tight market supports despite big OPEC+ hike
Oil on Monday shrugged off the impact of OPEC+ hiking output more than expected for August as well as concern about the ...
Summer gas prices are headed even lower, as Saudi Arabia accepts the 'lesser evil' of cheap oil
OPEC+ jolted markets by announcing it would flood the market with more oil.
Kyiv Independent on MSN3h
Ukrainian drone strike hits major oil refinery in Russia's Krasnodar Krai, HUR source claims
Located roughly 500 kilometers (311 miles) from Ukrainian-controlled territory, the refinery is among the largest in southern ...
Libya’s oil revenues at $9.4 billion in H1 2025, central bank says
Libya's oil revenues have reached 51.1 billion Libyan dinars ($9.43 billion) in the first half of 2025, the central bank said ...
After Gasoline, China’s Oil Refiners Face a Jet Fuel Glut
China’s oil refiners are grappling with an oversupply of jet fuel, in yet another blow to the bottom line of a sector already ...
Trump administration fast-tracks oil transport expansion in eastern Utah
The Bureau of Land Management approved the expansion of an oil transloading facility in Carbon County Thursday evening after ...
Exclusive: OPEC+ set to complete big oil output cut unwinding in Sept, sources say
OPEC+ oil producers are set to approve another big output boost for September as they complete both the unwinding of ...
Soyabean oil has outperformed gold, silver and copper so far this year
Soyabean oil prices have surged over 30 per cent so far this year, outperforming gold, silver and copper. This increase is largely due to the US Environmental Protection Agency’s (EPA) proposed ...