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.

US pipeline and oil terminal operators step up quality controls to avoid contamination of Texas shale oil.

In 2023, global oil demand will increase, driven by China, while US and Brazilian production will outperform, despite economic and geopolitical uncertainties.

China plans to increase fuel oil import quotas for independent refineries in 2023, in response to growing demand for raw materials.

The International Energy Agency (IEA) has revised upwards its forecasts for the refining sector, signalling major developments ahead.

ExxonMobil launches production at the Payara field in French Guiana, increasing the country's oil capacity and raising environmental issues.

Petrobras, the Brazilian state-owned oil company, is raising its production targets for 2023, despite a reduction in investment due to inflation.

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.

Oil prices resumed their ascent from July lows, thanks to possible OPEC+ intervention and less disappointing Chinese economic data.

Libya plans to increase its oil production, despite major political and infrastructural obstacles.

The latest oil market trends reveal a significant drop in prices, influenced by worrying economic data and sluggish global demand.

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.

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.

The Organization of the Petroleum Exporting Countries forecasts rising demand until 2045, despite the challenges.

Saudi oil giant Aramco reported a 23% drop in third-quarter profits, attributing the decline to falling oil prices and production cuts.

Officials from Russia and Saudi Arabia have announced continued voluntary cuts in oil supply until the end of 2023, in response to concerns over OPEC+ production policy and tensions in the Middle East.

Nigeria's state oil company, NNPC Ltd, is set to supply up to six crude oil cargoes to the new 650,000-barrel-per-day Dangote oil refinery in December for testing. This partnership between NNPC and the Dangote refinery, financed by Aliko Dangote.

Oil prices have risen significantly following the reaffirmation by Saudi Arabia and Russia of their crude production cuts until the end of the year.

ConocoPhillips (NYSE: COP) recently announced its financial results for the third quarter of 2023, marking a significant year-on-year comparison.

Oil refinery utilization rates in China are down on the third-quarter record, due to lower margins and a shortage of export quotas, which could impact crude oil demand in the world's largest importer and influence global oil prices.

Oil prices fell slightly due to profit-taking by energy investors ahead of the weekend and possible developments in the war between Israel and Hamas.

Niger's military-appointed Prime Minister Ali Mahaman Lamine Zeine inaugurated a 2,000 km pipeline linking oil fields in the southeast to Benin, marking a crucial moment for the Niger economy.

The Ugandan government plans to entrust exclusive rights for the supply of petroleum products to a subsidiary of the global energy trader Vitol, putting an end to a system that used to involve neighboring Kenya for the import of these products.