Nine oil companies, including TotalEnergies, were fined a colossal sum for anti-competitive practices, marking a turning point in the regulation of the hydrocarbon market.
Nine oil companies, including TotalEnergies, were fined a colossal sum for anti-competitive practices, marking a turning point in the regulation of the hydrocarbon market.
Asia, led by China and India, is experiencing a resurgence in demand for fossil fuels, despite challenges in the construction sector and advances in electric vehicles.
Asia, led by China and India, is experiencing a resurgence in demand for fossil fuels, despite challenges in the construction sector and advances in electric vehicles.
In 2023, global oil demand will increase, driven by China, while US and Brazilian production will outperform, despite economic and geopolitical uncertainties.
In 2023, global oil demand will increase, driven by China, while US and Brazilian production will outperform, despite economic and geopolitical uncertainties.
A liquefied natural gas (LNG) sales agreement has been signed between QatarEnergy and China Petrochemical Corp, or Sinopec, with a probable fixing of around 12.7% on the price of crude oil. This agreement enables Sinopec to receive LNG cargoes at its terminals in China.
A liquefied natural gas (LNG) sales agreement has been signed between QatarEnergy and China Petrochemical Corp, or Sinopec, with a probable fixing of around 12.7% on the price of crude oil. This agreement enables Sinopec to receive LNG cargoes at its terminals in China.
Pontegadea, the investment company of Inditex founder Amancio Ortega, plans to acquire a 49% stake in a portfolio of wind farms and photovoltaic power plants in Spain, in partnership with Repsol.
Pontegadea, the investment company of Inditex founder Amancio Ortega, plans to acquire a 49% stake in a portfolio of wind farms and photovoltaic power plants in Spain, in partnership with Repsol.
Freight rates for VLCCs (Very Large Crude Carriers) on the main route from the Persian Gulf to China have reached a two-month peak due to growing demand for long-haul Atlantic barrels, according to market sources.
Freight rates for VLCCs (Very Large Crude Carriers) on the main route from the Persian Gulf to China have reached a two-month peak due to growing demand for long-haul Atlantic barrels, according to market sources.
Independent Chinese refineries reduced their imports of bitumen blends in October due to rising prices and the entry of competitors, notably PetroChina, following the lifting of US sanctions on Venezuelan oils.
Independent Chinese refineries reduced their imports of bitumen blends in October due to rising prices and the entry of competitors, notably PetroChina, following the lifting of US sanctions on Venezuelan oils.
Oil prices currently reflect the view that a 1973-style oil embargo is an extremely unlikely response to the crisis in Gaza. However, the leaders of OPEC's largest producers have made irrational decisions in the past.
Oil prices currently reflect the view that a 1973-style oil embargo is an extremely unlikely response to the crisis in Gaza. However, the leaders of OPEC's largest producers have made irrational decisions in the past.