Is This The Beginning Of The End For Gasoline In Asia’s Largest Markets?

Is This The Beginning Of The End For Gasoline In Asia’s Largest Markets?

As the rise of electric cars looms ever larger on the horizon for India and China, far-reaching implications for the global oil market are impending. Oil and auto executives are well aware of the coming change, warning refiners to prepare...
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Oil Prices Slip After U.S. API Reports Build In Crude Stocks

Oil Prices Slip After U.S. API Reports Build In Crude Stocks

The American Petroleum Institute (API) reported a build of 882,000 barrels in United States crude oil inventories, compared to analyst expectations that markets would see a draw of 2.3 million barrels for the week ending May 12. This week’s build...
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Oil Rebounds After API Reports Biggest Crude Draw This Year

Oil Rebounds After API Reports Biggest Crude Draw This Year

  The American Petroleum Institute (API) reported a hefty draw of 5.789 million barrels in United States crude oil inventories, compared to analyst expectations that markets would see a crude oil draw of 1.8 million barrels for the week ending...
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Exxon Labor Negotiations Fall Apart, Threaten Nigerian Oil Production

Exxon Labor Negotiations Fall Apart, Threaten Nigerian Oil Production

Talks between Exxon officials in Nigeria and the fossil fuel sector’s labor union have failed to produce a mutually agreeable solution, according to a labor official who spoke to Bloomberg on Friday. “The meeting broke down, and as of this...
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