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Oil Consumption Newsletter
  • OPEC+ Boosts Output More Than Expected In Quest To Snuff Shale 05 Jul 2025 19:21 GMT

    … low oil inventories,” the Vienna-based OPEC said in a statement. Crude … . Refiners in the US are churning through the most crude for … some fuels like diesel have soared.  The extra oil output … in recent months, as consumption in China cools while production …

  • Top 5 countries with world’s biggest oil reserves – see who ranks first 05 Jul 2025 12:32 GMT

    … . It powers industries, fuels transportation, and plays a … consumption. Because of this, countries with the largest oil … role in global oil organizations, such as OPEC and OPEC+.   Top … crude, which is difficult and expensive to refine. Although rich in oil …

  • OPEC+ Will Boost Supply Even Faster With Larger August Hike 05 Jul 2025 11:53 GMT

    … the Organization of the Petroleum Exporting Countries and its … reflected in the low oil inventories,” OPEC’s Vienna-based secretariat … Refiners in the US are churning through the most crude for … in recent months, as consumption in China cools while production …

  • OPEC Agrees in Principle to Larger Than Expected Increase 05 Jul 2025 09:48 GMT

    … the Organization of the Petroleum Exporting Countries and its … : from satisfying peak summer fuel demand, to punishing the … its quota. Crude traders had widely expected OPEC to ratify another … in recent months, as consumption in China cools while production …

  • OPEC+ Poised For Fourth Consecutive Oil Hike 05 Jul 2025 08:52 GMT

    … .5 per cent of global oil consumption. While the group has repeatedly … up for past quota overshoots. OPEC+ fast‐tracked this weekend… . Price and market reception Brent crude recently edged lower, trading in …

  • China's large PV, LNG dual-fuel car carrier vessel completes 1st trip 05 Jul 2025 06:20 GMT

    … liquefied natural gas (LNG) dual-fuel car carrier, the "Yuan … to an advanced LNG dual-fuel main engine, it is equipped … runs on LNG and fuel oil help cut energy consumption by 20 percent …

  • WTI Crude Oil Consolidates Near Key Support, OPEC+ Decision Looms 04 Jul 2025 19:18 GMT

    … Texas Intermediate (WTI) Crude Oil prices remain subdued on … Organization of the Petroleum Exporting Countries (OPEC+) meeting on July … in US Crude inventories and softer gasoline consumption despite the … a technical perspective, WTI Crude Oil is trading in a …

  • Can renewables and electric vehicles help Australia unplug from imported oil? 04 Jul 2025 19:09 GMT

    … stations, the raw product — crude oil — is produced in the … to process more oil domestically, with 20 fuel refineries around the … reduce dependency on imported fossil fuels, especially [considering] all … Germany's daily oil consumption," he said. The …

  • Oil Prices Tick Higher as Markets Balance Geopolitics and Demand 04 Jul 2025 15:27 GMT

    … supply at any time. OPEC+ Pumps More Oil, While U.S. … at any time. OPEC+ Pumps More Oil, While U.S. … two opposing moves—more oil from OPEC+ and less drilling in … gasoline consumption meant refineries needed to process more crude oil, supporting oil prices …

  • Oil Prices Dip on Expectations of Another OPEC+ Production Hike 04 Jul 2025 15:26 GMT

    … of three new strategic petroleum storage sites, more than … hiked fuel oil import tax rebates for independent refiners in … the region, returning between 75% and 95% of payable consumption … has been its exclusive crude supplier. Sanctions-Hit …

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