Palm oil becomes costliest vegoil as Ukraine war halts sunoil supply
By Rajendra Jadhav MUMBAI – Palm oil has become the costliest among the four major edible oils for the first time as buyers rush to secure replacements for sunflower oil…
By Rajendra Jadhav MUMBAI – Palm oil has become the costliest among the four major edible oils for the first time as buyers rush to secure replacements for sunflower oil…
By Rozanna Latiff KUALA LUMPUR -A Russian-flagged ship targeted by U.S. sanctions and suspected of carrying Iranian oil is heading to Malaysia, shipping data showed on Monday, amid growing scrutiny…
Big Oil corporation Shell announced Monday that it would leave its partnership and ventures with Russian state-controlled energy giant Gazprom. Shell will divest from its 27.5% stake in the Sakhalin-II…
-U.S. oil demand rose in December to its highest level since before the coronavirus pandemic began, the U.S. Energy Information Administration (EIA) said on Monday, with product supplied nearing 21…
The White House has pushed the so-called green transition in the wake of the Ukraine crisis, arguing it proves global oil market dependence is unstable. President Joe Biden believes that…
SHANGHAI -Shares in energy firms and payment service companies rose sharply on Chinese markets on Monday as investors bet on stocks they saw potentially benefiting from the conflict in Ukraine,…
By Manoj Kumar NEW DELHI – Rising crude oil prices and supply disruptions following Russia’s invasion of Ukraine could further sap an Indian economy already slowed by COVID-19, posing risks…
By Ahmad Ghaddar LONDON – A decision by Western allies on Saturday to block certain Russian banks from the SWIFT payments system is likely to lift oil prices well above…
The White House confirmed that the administration’s sanctions targeting Russia don’t yet affect the country’s key oil and gas industry. “To be clear: Our sanctions are not designed to cause…
MOSCOW/LONDON – Russian oil exports continued to flow to Europe and onwards on Friday, even as Russian sellers and Western buyers said they struggled with payments, banking guarantees and shipping…
TOKYO – Japan said on Friday it will appropriately deal with oil release from national reserves in cooperation with the International Energy Agency and relevant countries, after Russia’s attack on…
By Nia Williams CALGARY, Alberta – Canada’s biggest oil-producing province Alberta is expecting its first budget surplus since 2014/15, Finance Minister Travis Toews said on Thursday, as soaring global energy…
COLONIAL HEIGHTS, Va. – If the conflict in Ukraine leads to sustained high oil prices it could hit U.S. consumer spending and pose a possible risk to U.S. economic growth,…
The worldwide price of crude oil skyrocketed to more than $100 per barrel for the first time since 2014 as Russia launched a full-scale offensive against Ukraine. The Brent crude…
DUBAI – Saudi Aramco shares surged as much as 4.2% to a record high 42.25 riyals ($11.26) on Thursday as oil prices breached the $100 a barrel after Russia attacked…
MOSCOW – Russia’s flagship Urals oil grade is trading at the biggest discount to global benchmark Brent since spring 2020, hit by rising tensions between Russia and the West over…
– Global oil benchmark Brent crude could rise by $5-$20 a barrel depending on the severity of the Russia-Ukraine crisis, Bank of America (BofA) Global Research said on Tuesday, adding…
MOSCOW – Russia’s Energy Minister considers the oil price of between $55-70 a barrel as ‘optimal’ for the market, according to an interview published on Tuesday. Oil hit its highest…
The Biden administration warned Saturday that the federal oil and gas leasing program would face significant delays amid its appeal in an ongoing legal fight with Republican-led states. The administration…
The U.S. is projected to become a net importer of crude oil in 2022, just two years after the nation achieved net exporter status, according to government data. The country…
– Pandemic restrictions in 2020 reduced the European Union’s oil and petroleum consumption in energy use to its lowest in 30 years, the bloc’s statistics office said on Friday. Eurostat…
By Jonathan Saul LONDON – UK-based maritime company Fleetscape is investigating the possible transfer of Iranian oil to a tanker it finances, the Oaktree Capital Management-backed firm said after allegations…
DENVER – Scott Sheffield, chief executive officer of U.S. public shale firm Pioneer Natural Resources Co, on Thursday said private oil and gas companies needed to be “reined in” for…
By Francois Murphy, Parisa Hafezi and John Irish VIENNA – A U.S.-Iranian deal taking shape to revive Iran’s 2015 nuclear agreement with world powers lays out phases of mutual steps…
By Simon Jessop LONDON – France’s CNP Assurances will no longer finance new oil and gas projects or invest more money in companies planning to do so, joining the growing…