A decade’s worth of efforts to cut oil consumption in industrialised countries is at risk of being reversed, as low fuel prices boost demand and send motorists flocking back to larger gas-guzzling cars. Read Article  +

New analysis shows that fuel-efficient cars that utilize gasoline engines will lower oil demand more effectively than the widespread adoption of electric cars, according to an analyst from FGE who spoke to Reuters. Read Article  +

Increasing efficiency of fossil-fuel powered cars is a bigger threat to gasoline demand than electric cars, energy consultant FGE told the Platts refining summit in Brussels. Read Article  +

India’s Reliance Industries (RELI.NS), operator of the world’s largest refining complex, is considering expanding its oil processing capacity by over 40 percent by 2030, according to two sources familiar with the matter. Read Article  +

Three years after plunging from highs of over-US$100-a-barrel, oil prices are expected to languish around US$50 for at least a year more. Read Article  +

Oil prices continued to climb Thursday morning, building on solid gains made Wednesday on shrinking global inventories and a bullish forecast for demand. Read Article  +

Mexico’s drivers may pay more for fuel after a power failure hit a second refinery the same week that the strongest earthquake in more than a century shut the nation’s biggest plant. Read Article  +

West African crude oil sailing for Asia is expected to reach a seven-month high in September as shipments for India rise substantially and Chinese purchases edge to a fresh high, a Reuters survey of traders and shipping data showed on Thursday. R...  +

Some traders who rushed to hire ships to send fuel from Asia to the U.S. after Hurricane Harvey are reconsidering their plans. Read Article  +

The derivatives market in Asian liquefied natural gas is finally taking off, as the world’s largest importers look to diversify the pricing structures of their purchases by increasing short-term agreements. Read Article  +