OilPrice

Due to a hike in import tariffs, Chinese imports of fuel oil are set to slow at the start of the year, which could further weigh on the refining margins of the independent refiners in the world’s top crude oil importer. China’s smaller private refiners, which are short on crude import quotas or

Due to a hike in import tariffs, Chinese imports of fuel oil are set to slow at the start of the year, which could further weigh on the refining margins of the independent refiners in the world’s top crude oil importer. China’s smaller private refiners, which are short on crude import quotas or

Germany's largest automaker has recorded sliding profitability, with its China unit under pressure as demand for luxury automobiles wanes. Specifically, demand for its Porsche Taycan has run out of juice, leading to significant markdowns.  Bloomberg Intelligence's Joel Levington published a note on

India’s largest exploration and production firm, state-held Oil and Natural Gas Corporation Limited (ONGC) has hired supermajor BP to be the technical services provider of its efforts to boost production at India’s biggest oilfield, ONGC said on Wednesday. India has been looking to increase its

Shell expects its LNG production and trading and oil trading businesses to book significantly lower results for the fourth quarter of 2024, due to seasonality and timing of lifting, the UK-based supermajor said on Wednesday. For the third quarter, Shell booked better-than-expected earnings on the