Asia’s Crude Oil Imports Set to Drop in 2024

Despite expected higher arrivals in November, Asia’s crude oil imports are on track to decline this year compared to 2023, confirming market concerns about weaker oil demand than previously expected. This month, a rebound in Chinese crude oil imports is …

Dow Falls Over 100 Points; US Crude Oil Stocks Decline

U.S. stocks traded lower midway through trading, with the Dow Jones index falling more than 100 points on Wednesday. The Dow traded down 0.24% to 44,750.49 while the NASDAQ fell 0.96% to 18,991.03. The S&P 500 also fell, dropping, 0.49% to 5,991.97. …

China State Bank Shouldn’t Back East African Crude Oil Pipeline

Greetings from the Speaker of the Parliament of China to the Speaker Hon. Dr. Asoka Ranwala

Ambassador of the People’s Republic of China to Sri Lanka H.E Qi Zhenhong met with the newly elected Speaker of Parliament of Sri Lanka Hon. Dr. Asoka Ranwala, recently in Parliament. The meeting was also attended by the Secretary General of Parliament Mrs …

Donald Trump 2.0 To Witness Reduction in Global Wars, Lesser Geo-Political Uncertainty and Stable Crude, Says Report

New Delhi, November 28: After Donald Trump's re-election as the U.S. President, Trump 2.0 is likely to see some reduction in global wars, lesser geo political uncertainty and stable crude prices, according to a report by by stockbroking firm Prabhudas …

Chinese Buyers Soak Up Unsold Oil as Iranian Crude Flows Slow

Breadcrumb Trail Links PMN Business China’s independent refiners have snapped up barrels from across the Middle East and Africa as offers of Iranian oil remain scarcer and more expensive than usual, in part due to broadening US sanctions. Author of the …

Forget Trump’s ‘drill, baby, drill’ mantra. The oil giants won’t go for it.

It is the increased output from the US, Canada, Guyana and Brazil that, coinciding with declining demand from China over the past six months, is primarily responsible for the surplus of supply over demand, which has kept a lid on oil prices despite the …

Oil prices flat as traders weigh mixed US inventories, Israel ceasefire

Investing.com-- Oil prices moved little in Asian trade on Thursday after U.S. inventory data painted a mixed picture of supplies, while easing tensions in the Middle East dented oil’s risk premium. Crude prices were nursing some losses this week after …

After Trump's tariffs, Asia to benefit from cheaper oil from Canada & Mexico

Oil producers in Canada and Mexico will likely be forced to reduce prices and divert supply to Asia if US President-elect Donald Trump imposes 25 per cent import tariffs on crude imports from the two countries, traders and analysts said. Two sources …

Oil slips on US gasoline stocks buildup; traders eye weekend OPEC+ meet

SINGAPORE: Oil prices drifted lower on Thursday after a surprise jump in US gasoline inventories, with investors focusing on this weekend’s OPEC+ meeting to discuss oil output policy. Brent crude futures fell by 20 cents, or 0.27%, to $72.63 per barrel by …