Following the dramatic recovery in U.S. steel production last year – a more than 18% year-on-year increase – the market is increasingly losing momentum. SourceContinue Reading

Shell Plc is in talks to sell its fuel stations in Russia as it withdraws from the country in response to the invasion of Ukraine. SourceContinue Reading

Oil Product Tankers Outperform Crude Tankers | OilPrice.com Charles Hugh Smith Charles Hugh Smith has been an independent journalist for 22 years. His weblog, www.oftwominds.com, draws two million visits a year with unique analyses of global… More Info Related News By Charles Hugh Smith – May 06, 2022, 12:00 PM CDT As U.S. diesel prices...Continue Reading

German Refinery Faces Crude Shortage As EU Sanctions Kick In | OilPrice.com Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info Related News By Irina Slav – May 06, 2022, 11:30 AM CDT The PCK Schwedt refinery in Germany is facing...Continue Reading

Boris Johnson urged the oil majors BP Plc and Shell Plc to invest “massively” in renewables to shore up the U.K.’s energy security, as soaring prices squeeze household budgets. SourceContinue Reading

South Sudan is taking steps to take over the operations of international oil companies in the country to increase its share of revenue, even as production declines, according to a government official. SourceContinue Reading

PetroChina Sees Fuel Demand Rising In China Despite COVID | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Premium Content By Charles Kennedy – May 06, 2022, 11:00 AM CDT China’s biggest refiner sees growing fuel demand in China. China manufacturing PMI, a barometer for Chinese oil demand, has come in at...Continue Reading

Refiners Reap Benefits from Russian Sanctions Fallout | OilPrice.com Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info Related News By Irina Slav – May 06, 2022, 10:30 AM CDT Refiners are enjoying the highest premium for fuel oil in two...Continue Reading

Russia Boosts Crude Sales To India’s Top Refiner | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Premium Content By Tsvetana Paraskova – May 06, 2022, 10:00 AM CDT Russia is expected to ship seven cargoes of...Continue Reading

U.S. Natural Gas Prices Could Soon Hit $10 | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Related News By Tsvetana Paraskova – May 06, 2022, 9:00 AM CDT Warmer than usual spring weather, expectations of a...Continue Reading