Mexico’s Newest Oil Refinery Now Seen Working At Half Capacity in Mid-2023
Mexican state oil company Pemex’s newest refinery will reach half of its crude processing capacity in July, the national president…
- Dubai
- December 22, 2022
Oil Extends Rally as U.S. Supplies Tighten Ahead of Demand-Heavy Holidays
Oil prices extended gains into a fourth straight session on Thursday after inventory data showed that U.S. supplies remained tight…
- Dubai
- December 7, 2022
Oil Languishes Below $80 as Recession Fears Outweigh Tighter Supply
Oil hovered near a one-year low on Wednesday as increasing concerns over U.S. economic health and the Federal Reserve largely…
- Dubai
- December 1, 2022
Oil rally Stalls on Weak Chinese Data, Uncertainty Over OPEC Cut
Oil prices were muted on Thursday, cutting short a three-day rally after data highlighted growing economic cracks in major crude…
- Dubai
- November 29, 2022
Oil Surges As Speculation Over OPEC Cut Outweighs China concerns
Oil prices jumped on Tuesday as traders bet that recent weakness in the market will invite more supply cuts by…
- Dubai
- November 22, 2022
Oil Rises on Saudi Supply Signals, But Demand Fears Cap
Oil prices rose on Tuesday following commitments to tightening supply from Saudi Arabia and the Organization of Petroleum Exporting Countries…
- Dubai
- November 17, 2022
Oil Sinks Further as China COVID Concerns outweigh Tightening Supply
Oil prices fell further on Thursday as increasing COVID-19 cases in China brewed more doubts over slowing crude demand, even…
- Dubai
- November 16, 2022
Oil on Edge as Markets weigh Poland Strike, Sluggish Demand
Oil prices fell slightly on Wednesday as investors awaited more clarity on a potential Russian missile strike against Poland, while…
- Dubai
- November 15, 2022
Oil Prices Dip as Demand Outlook Worsens on China woes, OPEC Warning
Oil prices fell in choppy trade on Tuesday and nursed steep losses this week as weak economic data from China…
- Dubai
- November 14, 2022
Oil Extends Gains on China reopening Hopes, Tightening Supply
Oil prices rose on Monday as markets bet that an eventual scaling back of COVID-19 measures in China will boost…