The delivery of a 2-million-barrel cargo of Russian oil to China took 7 times longer than it would have done prior to a round of US sanctions imposed on Moscow. The delivery of a two-million ...

KUALA LUMPUR: Petronas, through Malaysia Petroleum Management (MPM), has announced the first oil delivery from the Gumusut-Kakap/Geronggong-Jagus East (GKGJE) Phase 4 ...

These contracts serve as an agreement between the buyer and the seller to facilitate the delivery of oil or the cash settlement of the contract at the expiration date. Oil futures are traded on ...

U.S. crude oil inventories increased by more than expected last week in a fourth consecutive build, while product stocks declined, according to data released Thursday by the U.S. Energy ...

U.S. crude oil inventories increased by more than expected last week in a fourth consecutive build, while product stocks declined ... the Nymex delivery hub, rose by 1.5 million barrels to ...

Russia’s exports of refined products dropped this month as the surge in diesel outflows observed in January has subsided. Shipments in the first 15 days of February dropped to 2.3 million ...