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China oil demand to plateau between 2025 and 2030, state researcher says
13 Dec 2025 09:38 GMT
… incremental demand for oil this year came from jet fuel and … petrochemicals, said Haibo Wang, director of oil … research unit forecast that oil demand could reach 770 … refiner Sinopec, which is also state-owned, said it expected total oil demand …
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Oil prices post more than 4% weekly loss on oversupply concerns
13 Dec 2025 09:54 GMT
… add more downward pressure to crude prices, although a breakthrough is … as anticipated given that Russian oil supplies were already flowing fairly … barrels per day, while the Vienna-based Opec predicted supply will match demand …
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Middle East Crude-Benchmarks register weekly decline amid ample supply
13 Dec 2025 09:38 GMT
Middle East crude benchmark spot premiums of Oman … cents to 54 cents a barrel.
Equinor, Hengli and Shell will … a February-loading Upper Zakum crude cargo to Glencore following the … Friday.
World oil supply will match demand closely in 2026, OPEC data published …
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Automobile Dealers Demand Green Tax Refund as GST Looms
13 Dec 2025 09:02 GMT
As Bhutan prepares to implement the Goods and Services Tax (GST) from 1 January 2026, automobile dealers are raising urgent calls for justice, seeking either a refund or adjustment of the green tax they paid for 2025. With the new GST system set to replace …
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'Binding deal' for Lindsey Oil Refinery expected in coming weeks
13 Dec 2025 10:32 GMT
… realise that closing UK refineries does not reduce demand; it merely shifts production … (Gainsborough - Conservative) warned Lindsey Oil Refinery';s closure "is … no direct reference to Lindsey Oil Refinery. On carbon costs, she said …
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China Seeks to Strengthen Oil and Gas Cooperation with UAE Amid Middle East Tour
13 Dec 2025 10:15 GMT
China is pursuing closer oil and gas ties with … to discuss expanding cooperation in oil, gas, infrastructure, and investment … nations amid rising global energy demand.
The tour is part of … the largest importers of Iranian crude, making energy security a core …
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Malaysian palm oil output to top 20 million tons for first time
13 Dec 2025 08:53 GMT
… the export tax on crude palm oil shipments in December to … December though he anticipates export demand to improve with restocking … the Chinese New Year as demand increases for snacks, confectionery, … longer than expected or if demand recovery is slower than …
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FUJAIRAH DATA: Oil products stocks climb to eight-month high on fuel oils
13 Dec 2025 08:48 GMT
… increase, according to Fujairah Oil Industry Zone data published Dec … .316 million barrels.
Middle distillates, such as jet fuel and diesel … Energy since 2017.
Choppy demand
Regional traders said that choppy … HSFO bunker premium to fuel oil 180 CST FOB Arab …
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IEA lowers 2026 oil glut forecast on brighter macroeconomic outlook
13 Dec 2025 06:56 GMT
… Global oil supply will exceed demand by 3.84 million barrels per … Petroleum Exporting Countries and its partners - a group known as OPEC … where ample crude supply is juxtaposed with tight fuel markets, … sanctions on Russian crude-derived fuel exports. — Reuters
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Oil prices decreased on world commodity markets
13 Dec 2025 06:11 GMT
… of the January 2026 WTI crude oil contract on the New … of the February 2026 Brent crude oil contract on the London ICE … analysts, the decline in oil prices is due to the … markets, cautious expectations regarding demand prospects and market assessments that …