-
Oil heads for weekly decline as US, Iran extend talks
27 Feb 2026 04:01 GMT
… a barrel by 0331 GMT. U.S. West Texas Intermediate crude fell … Iran, as well as a demand for the delivery of all … the Petroleum Exporting Countries and their allies, a group known as OPEC … +, is likely to consider raising its oil output by 137,000 barrels …
-
Oil prices edge lower after US, Iran extend talks
27 Feb 2026 02:06 GMT
… Iran extended talks over the OPEC member's nuclear programme … that could disrupt supply.
Brent crude futures lost 28 cents, or … talks, oil prices gained more than a dollar a barrel after media … Iran, as well as a demand for the delivery of all …
-
White oil, black hole?
27 Feb 2026 01:44 GMT
… itself has merit. Transporting petroleum products through pipelines is … million tons (at current demand levels) would flow through … highly unlikely that such demand will materialize over the … cycle. Going forward, white oil demand is expected to decline with …
-
Oil Flat As Thursday's U.S./Iran Talks Merely Lead To More Talks
27 Feb 2026 05:04 GMT
… is still long, OPEC+ may add barrels in April, and Iran … Petroleum Exporting Countries, sources told media it will consider raising its oil … to prepare for peak summer demand.
Samantha Hartke, head … imports the majority of its crude oil from Iraq, Saudi Arabia …
-
Black Sea Petroleum: Building Energy Security and Strategic Leverage for Georgia
27 Feb 2026 01:41 GMT
… refined fuels. The project is intended to satisfy growing regional demand for refined engine fuels … Kulevi Oil Refinery. Source: Black Sea Petroleum
Development … Petroleum 92-95, and high-quality aviation fuel … from every barrel of crude feedstock.
Operational …
-
OPEC+ Considers Oil Output Raise By 137,000bpd For April
27 Feb 2026 04:44 GMT
… OPEC+ is likely to consider raising its oil output by 137,000 barrels … per cent of global demand, and froze further planned … the Brent crude benchmark is trading near $71 a barrel. That … year.
OPEC+, which comprises the Organisation of the Petroleum Exporting …
-
Fuel cost adjustment row erupts over PM’s power package
27 Feb 2026 05:00 GMT
… said the FY26 reference fuel cost for January would … case. The lower reference fuel cost meant consumers were charged … Discos) to charge a higher fuel cost in January, retain Rs15bn … including furnace oil-based ones, were utilised to meet demand, leading to …
-
Refinery restart hinges on cash and crude, economist warns
27 Feb 2026 03:54 GMT
… also have access to crude oil to feed the refinery,” Ramkissoon said. “If … , refining margins have fluctuated significantly. Demand growth between 2018 and 2019 … , margins recovered unevenly amid shifting demand, expanding global refining capacity and …
-
Cheniere’s Profit Soars by 64% in 2025 as LNG Demand Jumps
27 Feb 2026 02:20 GMT
… a record amount of the fuel last year.
Cheniere on Thursday … benefited from strong international LNG demand and a substantial reversal of … domestic policies, which favor American oil and gas projects and exports …
-
Province paints rosy oil price forecast despite resource-driven budget shortfall
27 Feb 2026 00:27 GMT
… despite a multibillion-dollar fossil fuel-based wallop that is set … global oil glut, which has significantly imbalanced supply and demand.
Susan … .
China could stockpile more crude than it is right now … roughly 3.3 million barrels of oil per day.
The country …