- Oil Heads for Longest Losing Run in a Month as Glut Fears Grow
March 28, 2018
Oil is losing steam as it heads for the longest falling streak in almost a month after investors were confronted with signs a global glut may persist.
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- India diesel use set for record in 2018 as election season heralds govt spending
March 27, 2018
Demand for diesel in India is set to hit a record in 2018 as the government targets massive infrastructure spending in the fiscal year that starts April 1, with Prime Minister Narendra Modi seeking a second term in elections in 2019.
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- Abu Dhabi awards $3.5bn in contracts to Samsung Engineering to boost refining capabilities
March 27, 2018
Abu Dhabi National Oil Company awarded two contracts to South Korea’s Samsung Engineering worth $3.5 billion to help process other crude grades as the company looks to free up its flagship Murban grade for export markets.
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- Brent crude oil futures above $70 per barrel on Middle East tension
March 26, 2018
Oil prices rose on Monday with international Brent crude futures opening above $70 per barrel for the first time since January.
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- Oil Rises as Trump's Hawkish Appointment Trips `Bolton Premium'
March 23, 2018
Crude is set for the biggest weekly advance in ten weeks as geopolitical tensions heat up amid speculation of sanctions on one of OPEC’s largest producers.
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