India is looking at Oman and other Middle Eastern countries as potential strategic oil storage options while also pushing for reserves at home, as it looks to accelerate capacity expansion amid geopolitical tensions, the chief executive officer of Indian Strategic Petroleum Reserves Ltd. said....
Oil & Companies News
Oil Refiners Adding Renewable Feedstock To Produce Cleaner Fuels, Executives Say
Oil refiners are increasing their efforts to blend renewable feedstocks such as used cooking oil into their crude refining streams to meet global demand for cleaner fuels. As a result, demand for catalysts and additives to remove the impurities from bio-feedstock has risen, Maurits van Tol, chief...
Three reasons why European natural gas prices can fall
Benchmark European natural gas contracts (TRNLTTFMc1) hit two-year highs on Tuesday, but have been since edging lower. And MUFG commodities analysts in Thursday note offer three reasons why prices could enter a more protracted decline from here. If they’re right, it’d be good news for European...
https://www.hellenicshippingnews.com/three-reasons-why-european-natural-gas-prices-can-fall/
Trump signs order to establish council for boosting U.S. oil, gas production
U.S. President Donald Trump signed an executive order Friday on establishing a new council to boost U.S. production and export of fossil fuels. Tasked with driving up U.S. domestic oil and gas production, partly for export, the National Energy Dominance Council will be chaired by Secretary of the...
W. Africa Crude-Differentials stable
The West African crude market was quiet on Friday as high prices deterred demand. Nigerian Forcados was on offer at dated Brent plus $3.50, a trader source said, slightly down from levels on Thursday. Nigerian CJ blend was on offer at dated Brent plus $3.75. Angolan Palanca was offered at dated...
https://www.hellenicshippingnews.com/w-africa-crude-differentials-stable/
US Gulf refiners paying premium prices for Trinidad’s Molo crude
Some U.S. Gulf Coast refiners have recently paid prices over the Brent BRN1! crude benchmark for Trinidad and Tobago’s Molo heavy sour crude, the CEO of the country’s state-owned oil company, Heritage Petroleum, said on Tuesday. Lower availability of several popular Latin American heavy crude...
US EIA lifts 2025 spot gas price forecasts on cold weather, below-average storage stocks
The US Energy Information Administration boosted its 2025 estimates for spot natural gas prices Feb. 11, pointing to higher demand this winter heating season and storage stocks that are projected to remain below average through the end of 2025. “Cold weather at the end of January increased demand...
Oil to snap three-week losing streak as trade war fears ease
Oil prices rose on Friday and were poised to end three weeks of decline, buoyed by rising fuel demand and expectations that U.S. plans for global reciprocal tariffs would not come into effect until April, giving more time to avoid a trade war. Brent futures were up 39 cents, or 0.5%, at $75.41 a...
https://www.hellenicshippingnews.com/oil-to-snap-three-week-losing-streak-as-trade-war-fears-ease/
The Commodities Feed: Oil edges lower
Energy – OPEC estimates higher demand for OPEC+ crude The oil market edged lower with ICE Brent trading below $75/bbl this morning following the reports that US President Donald Trump and Russian President Vladimir Putin agreed to start negotiations to end the war in Ukraine. Meanwhile, the recent...
https://www.hellenicshippingnews.com/the-commodities-feed-oil-edges-lower/
India gasoline demand to grow 6%-8% next fiscal year – industry execs
Indian transportation fuel demand is expected to rise in the range of 6%-8% in fiscal year 2026, underpinned by rising vehicle sales, even as growth in Asian consumption lags growth in supply due to new refinery expansions in the region, industry executives and analysts said. India is poised to be...