Ten U.S. refineries emitted excessive cancer-causing benzene in 2019: report
The study is based on the first full year of data reported by U.S. refineries since a U.S. Environmental Protection Agency rule was implemented in 2018. The rule requires...
India’s IOC signs annual deal on option to buy crude from Russia’s Rosneft
India has been diversifying its sources of crude oil imports, in order to hedge political risks that threaten to choke off supplies from a particular region or country.
Pakistan pledges to buy more Malaysian palm oil to compensate for India’s withdrawal
India imposed general restrictions on refined palm oil imports, and informally asked traders specifically to stop buying from Malaysia, the world’s biggest producer of the edible oil. Sources said...
U.S. oil fields flared and vented more natural gas again in 2019: data
Flaring, or deliberately burning gas produced as a byproduct to oil, can worsen climate change by releasing carbon dioxide. Venting releases unburned methane, which is many times more potent...
Oil rises as WHO declares emergency but opposes travel ban
Brent crude LCOc1 was up 20 cents at $58.49 a barrel by 1208 GMT but still down 3.6% on the week.
Brent crude LCOc1 was...
OPEC aims to extend oil output cuts through June, alarmed by China virus
The quick slide in oil prices over the past few days has alarmed OPEC officials, the sources say, as the new virus found in China and several other countries...
Oil drops below $60 as China virus drives demand concern
Crude prices extended declines on Monday, dropping below $60 for the first time in nearly three months as the death toll from China’s coronavirus rose and more businesses were...
Boost for Saudi Arabia as Aramco shares surge 10% on debut
Saudi Aramco shares surged the maximum permitted 10% above their initial public offering (IPO) price on their Riyadh stock market debut on Wednesday, closing in on the $2...
Copper primed for a pop if U.S./China trade war is resolved
Low inventories across the copper supply chain mean that any resolution to the U.S.-China trade war could trigger a snap rally in prices as consumers rush to restock,...
Oil falls as U.S. rights bill fuels tensions with China
Oil prices fell for a second day on Thursday after official data showed U.S. crude and gasoline stocks rose and President Donald Trump signed into law a bill...