- Oil Market Bright Spot Gets Dimmed by Korea, China Supply Surge
February 26, 2019
South Korea and China just served oil traders with a little reminder that one the market’s brighter trades -- diesel -- is far from a one-way bet.
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- Asia's surging fuel exports depress refining industry profits
February 22, 2019
Asia’s biggest oil consumers are flooding the region with fuel as refining output is exceeding consumption amid a slowdown in demand growth, pressuring industry profits.
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- Twelve Empty Supertankers Reveal Truths About Today’s Oil Market
February 21, 2019
They are slowly plowing their way across thousands of miles of ocean toward America’s Gulf of Mexico coastline. As they do, twelve empty supertankers are also revealing a few truths about today’s global oil market.
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- Modi's Poll Math Puts at Risk $44 Billion Refinery With Saudis
February 19, 2019
India’s poll politics and Prime Minister Narendra Modi’s ambition to win a second straight term has claimed an unlikely victim. A proposed $44 billion oil refinery on the western coast to be built with investments from Saudi Arabia.
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- Indian Oil signs first annual deal for U.S. oil
February 18, 2019
Indian Oil Corp, the country’s top refiner, has signed its first annual deal to buy U.S. oil, paying about $1.5 billion for 60,000 barrels a day in the year to March 2020 to diversify its crude sources, its chairman said on Monday.
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