Tag: crude oil

Oil prices fell for the fourth time in five sessions as traders closely monitored U.S.-led diplomatic efforts to secure a cease-fire in the ongoing...

Iraq has secured preliminary agreements for the development of 13 oil and gas exploration blocks and fields, as announced by the country's oil ministry...

Oil prices edged higher on Wednesday as market participants responded to a notable drop in U.S. crude and gasoline inventories, coupled with growing concerns...

Crude oil, a fundamental component of the global energy infrastructure, undergoes various processes to transform it into usable products such as gasoline, diesel, and...

The transformation of crude oil into gasoline is a complex and multi-step process that involves various stages of refinement and chemical manipulation. This process...

Crude oil, a fossil fuel composed of hydrocarbons and other organic compounds, is a critical resource in the global energy landscape. While it serves...

Gasoline is an essential fuel that powers millions of vehicles around the world. However, many people might not fully understand the intricate process involved...

The management of AIPCC Energy Limited, operators of the Edo Refinery and Petrochemicals Company Limited (ERPCL), has raised concerns over the lack of crude...

SINGAPORE, Aug 12 - Saudi crude oil exports to China are expected to decline in September to approximately 43 million barrels, according to several...

August, 2024 – Indian conglomerate Reliance Industries is set to initiate a crude-for-naphtha swap deal to resume crude oil transactions with Venezuela, following recent...

India has significantly increased its crude oil imports from Russia, now sourcing 40% of its crude oil needs from the country, according to BIMCO....

Here’s a breakdown of the situation: Oil Prices Surge Amid Geopolitical Tensions 1. Price Movements: WTI Crude: The U.S. benchmark crude oil price rose by 2.53% to...