Drastic Opec-led production cuts have helped accelerate the oil market recovery but “much work remains” to drain excess inventories, the International Energy Agency said on Tuesday.   Read Article  +

US crude production is expected to rise by more than previously expected in 2017 to 9.31 million barrels per day from 8.87 million bpd in 2016, a 440,000 bpd increase, the US Energy Information Administration said.   Read Article  +

The 19th Asia Oil & Gas Conference (AOGC 2017) has come to a close after two full days at the Kuala Lumpur Convention Centre. AOGC 2017 drew speakers from the highest echelons of oil and gas players, government, operators, service providers, a...  +

Bulging stocks, US output gains and Opec's need to make further production cuts are derailing a recovery in oil prices, according to AOGC 2017’s conference chairman   Read Article  +

Even as the owners of ships carrying everything from bananas to oil spend billions of dollars to meet tighter clean-air rules, demand to buy the dirtiest fuel will still hold out in some parts of the world.   Read Article  +

Oil and gas consultancy firm FGE founder and chairman Dr Fereidun Fesharaki forecasts that a production cut until year end by Opec and several non-Opec members is still not going to be sufficient in stabilising oil prices at US$50 (RM216...  +

The country has shut down domestic output but a shift to cleaner fuels will be a slow one. And its coal import needs are showing no signs of abating   Read Article  +

Crude oil prices are slumping, and everyone is clamoring to know: how far can oil fall? Is this a buying opportunity, or is the selloff likely to worsen?   Read Article  +

Even as the owners of ships carrying everything from bananas to oil spend billions of dollars to meet tighter clean-air rules, demand to buy the dirtiest fuel will still hold out in some parts of the world.   Read Article  +

India's record jet fuel exports may fall this year as an expanding middle class and cheaper air travel boost local consumption, refinery executives and analysts told Reuters, potentially raising ailing profit margins for the fuel.   Read Article  +