Commodities Market News - International Business Times, Singapore

Biden's War on Oil Prices Pushes Crude Down; Will Americans Get Affordable Gasoline?

US President Joe Biden has said that gasoline will become cheaper in the coming days.

Nov 29, 2021

By Koushik Das

Saudi Aramco's Third-Quarter Net Profit More than Doubles

Aramco's net income jumped to $30.4 billion for the quarter to Sept. 30 from $11.8 billion a year earlier.

Oct 31, 2021

By Reuters

Iranian Supertanker Departing From Venezuela to Transport Heavy Oil

The bilateral oil trade could be a breach of U.S. sanctions on both nations, the U.S. Treasury Department had said last month.

Oct 17, 2021

By Reuters

Crude Prices Jump to the Highest Level in Nearly Seven Years as Supply Tightens

Amid supply crunch, OPEC+, decides to stay with their planned output increase rather than boosting it further.

Oct 6, 2021

By Reuters

Explained: What's Fueling the Energy Crisis in Europe, UK and China?

Oil prices broke $80 a barrel this week for the first time in three years, with natural gas and coal also scaling multi-year peaks.

Sep 30, 2021

By Reuters

US Asks China to Reduce Buying Crude Oil From Iran - Report

According to commodity analysts year-to-date Chinese oil imports from Iran have averaged 553,000 barrels per day through August.

Sep 29, 2021

By Reuters

Malaysia jails 8 Indonesians for hijacking oil tanker last year

Chinese Firm Revealed as Key Player in Trade of Sanctioned Oil From Iran and Venezuela

The Hong Kong-registered firm, China Concord Petroleum Co, also known as CCPC, has quickly become an important partner for Caracas and Tehran.

Jul 23, 2021

By Reuters

Halliburton to pay Baker Hughes $3.5 bln as merger deal unravels

Crude Price Spike Helps Halliburton Report 33% Jump in Second-Quarter Profits

Global crude prices climbed 18.2% in the quarter ended June 30 and are up about 37% since the start of the year.

Jul 21, 2021

By Reuters

Chevron Plans to Sell Oil and Gas Fields in Permian Basin Worth $1 Billion - Report

Chevron is looking to sell lower-value assets, while some majors, like Royal Dutch Shell are considering exiting the formation entirely.

Jul 1, 2021

By Reuters

An oil tanker unloads crude oil at a crude oil terminal in Zhoushan, Zhejiang province, China July 4, 2018.

Crude Prices Could Top $100 in a Year; 'Last Oil Boom' is Taking Shape

Along with increasing demand, 'structural underinvestment' over the last couple of years will also spur crude prices.

Jun 23, 2021

By Jacob J

Coronavirus

Ransomware Attack on US Crude Oil Grid; Colonial Pipeline Shuts Key Line

Colonial Pipeline, which carries 45 per cent of the fuel supplies for the eastern US.

May 9, 2021

By IANS

Workers from ScanDrill Ltd clamp together pieces of pipe while drilling an oil well for Jagged Peak Energy Inc near Fort Stockton, Texas.

California to Phase Out Oil and Gas Drilling By 2045, Ban Fracking in 3 Years

'I don't see a role for fracking in that future and, similarly, believe that California needs to move beyond oil,' says Governor Newsom.

Apr 24, 2021

By Reuters

Suez Blockage: Shipping Rates Double, Oil Prices Set to See Impact

The re-routing ships around the Cape of Good Hope could add at least two more weeks to the voyage, increasing the transportation cost.

Mar 26, 2021

By IBTimes APAC Desk

Reliance, BP Announce Start of Gas Production at Ultra Deep-Water Field Off India's East Coast

Output from block KG D6 – R Cluster, Satellites Cluster and MJ – will together meet 15 percent of India's gas demand by 2023.

Dec 18, 2020

By IBTimes APAC Desk

Trump Extends Drilling Ban off North Carolina and Virginia Until 2032

The offshore drilling plan was part of a broader effort by the administration to maximize domestic energy production.

Sep 26, 2020

By IBTimes APAC Desk

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India@75: Article-370 in J&K is History; Three Glorious Years Later, "Nothing" Has Changed

By Danish Manzoor

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Commodities Market News - International Business Times, Singapore

Biden's War on Oil Prices Pushes Crude Down; Will Americans Get Affordable Gasoline?

Saudi Aramco's Third-Quarter Net Profit More than Doubles

Iranian Supertanker Departing From Venezuela to Transport Heavy Oil

Crude Prices Jump to the Highest Level in Nearly Seven Years as Supply Tightens

Explained: What's Fueling the Energy Crisis in Europe, UK and China?

US Asks China to Reduce Buying Crude Oil From Iran - Report

Chinese Firm Revealed as Key Player in Trade of Sanctioned Oil From Iran and Venezuela

Crude Price Spike Helps Halliburton Report 33% Jump in Second-Quarter Profits

Chevron Plans to Sell Oil and Gas Fields in Permian Basin Worth $1 Billion - Report

Crude Prices Could Top $100 in a Year; 'Last Oil Boom' is Taking Shape

Ransomware Attack on US Crude Oil Grid; Colonial Pipeline Shuts Key Line

California to Phase Out Oil and Gas Drilling By 2045, Ban Fracking in 3 Years

Suez Blockage: Shipping Rates Double, Oil Prices Set to See Impact

Reliance, BP Announce Start of Gas Production at Ultra Deep-Water Field Off India's East Coast

Trump Extends Drilling Ban off North Carolina and Virginia Until 2032

India@75: Article-370 in J&K is History; Three Glorious Years Later, "Nothing" Has Changed

India@75: Article-370 in J&K is History; Three Glorious Years Later, "Nothing" Has Changed

Why Musk Isn't Alone in the Battle Against Twitter's Mission to Save Democrats, Not Democracy

Why Musk Isn't Alone in the Battle Against Twitter's Mission to Save Democrats, Not Democracy

World War III Over Ukraine? The Blood Will be on Joe Biden's Hands, Not Putin's

World War III Over Ukraine? The Blood Will be on Joe Biden's Hands, Not Putin's