Despite lingering concerns about China's economy, global oil demand hit a record high in June and could be on track for another record in August, the International Energy Agency (IEA) said in its latest monthly report. Read Article  +

The market for sour crude in Asia is tightening as Kuwait is ramping up a large new refinery and cutting exports to divert supply to its new facility, adding to the ongoing cuts from major Middle Eastern producers in the OPEC+ group to f...  +

China's muted economic growth in 2023 as its post-COVID recovery underwhelms has crimped the outlook for demand for diesel fuel, the oil product that is the lifeblood of the economy, paving the way for continuing firm exports. Read Arti...  +

Asian refiners are on the hunt for crude oil to replace Kuwaiti supply as the OPEC producer cuts exports by nearly a fifth to feed its huge new refinery, which is driving up prices for other sour crudes and likely to squeeze profit margi...  +

China's muted economic growth in 2023 as its post-COVID recovery underwhelms has crimped the outlook for demand for diesel fuel, the oil product that is the lifeblood of the economy, paving the way for continuing firm exports. Read Arti...  +

Asian refiners are on the hunt for crude oil to replace Kuwaiti supply as the OPEC producer cuts exports by nearly a fifth to feed its huge new refinery, which is driving up prices for other sour crudes and likely to squeeze profit margi...  +

The market for sour crude in Asia is tightening as Kuwait is ramping up a large new refinery and cutting exports to divert supply to its new facility, adding to the ongoing cuts from major Middle Eastern producers in the OPEC+ group to f...  +

South Korea’s exports are seen swinging back to growth starting from October in a slower recovery than the government had expected, the country’s finance minister said on Wednesday, while uncertainty over China’s economy still remains a ...  +

Kuwait has become the leading supplier of ship fuel to Qatar, one of the world's largest LNG producers and exporters, with its recently opened Al Zour refinery taking market share with products including fuel oils, jet fuel, diesel, naph...  +

Kuwait has become the leading supplier of ship fuel to Qatar, one of the world's largest LNG producers and exporters, with its recently opened Al Zour refinery taking market share with products including fuel oils, jet fuel, diesel, naph...  +