Latest News
Reuters
Nov 30, 2022, 6:41 PM
U.S. inventories of distillate fuels finished October at their lowest levels for any October since 1951, according to the U.S. Energy Information Administration.
2 Min
Reuters | Nov 30, 2022Ford's Shuttered Unit Argo Lays Off 78 Employees In Austin -Govt NoticeThe Pittsburg-based Argo AI earlier this year commenced driverless operations in Austin and Miami.0 mins read
Reuters | Nov 30, 2022Indian Petrochemical Demand Could Rise Threefold By 2040- IOC ExecIndia, Asia's third-largest economy, annually consumes 25 million to 30 million tonnes of petrochemicals. Its per capita consumption is about a third of global average.1 min read
Reuters | Nov 30, 2022Oil Sinks About 4% After Weak Factory Data Sparks Demand ConcernsOil prices dropped about 4% as weak manufacturing data in several countries weighed on the demand outlook while investors braced for this week's meeting of OPEC and its producer allies on supply.2 mins read
Reuters | Nov 30, 2022Russian Crude Prices Recover On Strong India, China DemandSpot prices for Russia's key export crude grade ESPO Blend to Asia have rebounded from all-time lows amid strong demand from top buyers India and China and easing concerns about possible sanctions, several traders said.3 mins read
Reuters | Nov 30, 2022Big Oil Offers Big Returns But Keeps Spending TightThe West's energy giants are set to return a record $30 billion to investors after reporting bumper profits in the second quarter of the year following a surge in energy prices.3 mins read- Reuters | Nov 30, 2022Oil Rises As IEA Hikes 2022 Demand Growth ForecastOil prices rose by over 1% after the International Energy Agency raised its oil demand growth forecast for this year as soaring gas prices drive some consumers to switch to oil.2 mins read
- Reuters | Nov 30, 2022Oil Reverses Losses, Demand Concerns PersistOil prices edged higher in volatile trading as the market awaited clarity on talks to revive a deal that could allow more Iranian oil exports, and bleak economic data from leading crude buyer China limited gains.2 mins read
Reuters | Nov 30, 2022Oil Dips As Slowdown Worries Limit Price GainsOil prices dipped after two days of gain, as market participants weighed worries about global economic slowdown.2 mins read
