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Oil prices extend gains on fears of escalating tensions in Mideast
04 Feb 2026 02:25 GMT
… was the third-biggest OPEC crude producer in 2025, according … Energy Information Administration data.
Oil prices also found support … million barrels last week, sources said, citing American Petroleum … of stronger global energy demand, while continued Russian …
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$60 Oil Forces Europe’s Energy Giants to Rethink Buybacks
04 Feb 2026 03:04 GMT
… the Financial Times.
Related: Marathon Petroleum Beats Earnings Expectations as Refining … more than $10 per barrel in oil prices.
But the French … $60 and $70 per barrel and an exchange rate around … next decade, now that peak oil demand is no longer seen as …
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China’s Nanshan Group plans 100,000-bpd refinery in Indonesia
04 Feb 2026 05:38 GMT
… , where fuel demand is growing steadily while China’s domestic oil consumption peaks … build a 100,000 barrels-per-day crude refinery in the Galang Batang … , including Saudi Aramco and Kuwait Petroleum, have failed to materialise in …
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US–India Trade Deal Could Redraw Global Oil Flows and Tanker Demand
04 Feb 2026 06:01 GMT
… could significantly reshape global crude oil flows and tanker demand, potentially cutting Russian … , import, and transfer of oil products refined from Russian crude.
For tanker markets … is expected to replace Russian barrels largely by turning back to …
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Oil prices edge up after US shoots down Iranian drone
04 Feb 2026 02:25 GMT
… percent, to USD67.20 per barrel at 1:04 p.m … .
Iran was the third-biggest OPEC crude producer in 2025, according to … raised hopes that global energy demand could increase, while Russia’s … Ukraine boosted worries Moscow’s oil would remain sanctioned for longer …
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Trump India Deal Shifts Oil Trade Away from Russia
04 Feb 2026 04:51 GMT
… sour – similar to Russian crude, suitable for producing fuel oil, fuels, diesel, and other … a little over 1 million barrels per day, with the majority … of a broader balance between demand, supply, and sanctions, but real …
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Counting the cost (and the benefit) of making your home fossil-fuel free
04 Feb 2026 05:13 GMT
… ,000 on last year.
Reducing demand
When it comes to lower … your home? Using gas, oil or solid fuel to heat your home … to fossil fuels used for heating.
Phasing out gas and oil home … mainly of energy taxes on fuels and transport taxes, such as …
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Why Western Oil Majors Are Willing to Take the Libya Risk Again
04 Feb 2026 03:04 GMT
… million barrels per day (bpd) of mostly high-quality light, sweet crude oil … , particularly in demand in the Mediterranean and … ’s largest proved crude oil reserves, of 48 billion barrels. Moreover, in the …
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Valley short on LPG as refinery maintenance, transport delays bite
04 Feb 2026 03:43 GMT
… The state-owned Nepal Oil Corporation attributes the problem … shift to an alternative refinery created logistical challenges, including … bullet tankers, and when demand rises in India, supply … rate fixed by the Nepal Oil Corporation, discouraging transporters.
…
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Japanese rubber futures drift lower over demand concerns
04 Feb 2026 02:21 GMT
… Tuesday, pressured by subdued domestic demand, while easing broad-based … Group, raising concerns about demand in one of the world … , a trader told Reuters. Oil prices held steady on Tuesday … rubber, which is made from crude oil. Supply constraints in rubber …