The biggest snag in OPEC’s push for a consensus on cutting oil output could come from relentless growth in supply from its second-biggest producer.   Read Article  +

Oil prices have lost almost a third of their value since early October, weighed down by an emerging supply overhang and widespread financial market weakness.   Read Article  +

A wave of shutdowns will hit Indian state-owned refineries next year as the country prepares for cleaner fuels from April 2020, company officials said, in moves that could temporarily dent oil demand and push up imports of refined fuels....  +

Indian consumers may have to wait till next year, when a new government takes charge, for any tinkering in the auto fuel retail pricing mechanism to make it more transparent.   Read Article  +

Oil prices have plummeted in recent days, months after surging to their highest point since 2014. After topping $75 a barrel in early October, the price of West Texas intermediate, the North American benchmark, has fallen by roughly one-...  +

Bangladesh will scrap plans to build additional floating liquefied natural gas import (LNG) terminals in favour of land-based stations, a senior government official said.   Read Article  +

Hawaii residents already paying the nation’s highest rates for electricity soon may see a sharp increase in prices because of international regulations for ships set to go into effect in 2020. That’s the conclusion of Shasha Feharaki, a ...  +

Three major centres for oil demand in the Mediterranean are expanding refinery capacity, squeezing traders and exporters including India and the Middle East out of traditionally busy markets for petroleum products such as diesel and gaso...  +

India's oil imports from Africa in October rose to their highest level since August 2015, after a fall in Brent's premium to Dubai swaps made African crude more attractive, tanker arrival data from industry sources showed.   Read Artic...  +

A decade-long oil boom in the U.S. has cut into the overall U.S. trade deficit by hundreds of billions of dollars, according to business information provider IHS Markit.   Read Article  +