In the third quarter of 2024, Petrobras recorded an average FUT of 95.2%. This period also saw a significant increase in the processing of pre-salt oil, which made up 73% of the total load in the distillation units. SourceContinue Reading

Russia’s Planned Idle Refining Capacity Raised by 67% for October | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Premium Content By Charles Kennedy – Oct 09, 2024, 9:00 AM CDT Drone attacks on Russian energy infrastructure and unplanned maintenance have led to increased refinery downtime. Russia’s refining capacity is expected to...Continue Reading

India’s Coal Power Output Falls for Consecutive Months for First Time Since 2020 | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Oct 09, 2024, 8:00 AM CDT Heavy monsoon rainfall has lowered India’s power demand growth in the past two months and led to the...Continue Reading

Rollout of Charging Points in the U.S. Is Far Slower Than Surging EV Sales | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Oct 09, 2024, 7:00 AM CDT While electric vehicle registrations in the United States have surged by 142% since the beginning of 2023,...Continue Reading

EIA Slashes Forecasts of Oil Demand Growth and Oil Prices in 2025 | 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 – Oct 09, 2024, 6:15 AM CDT The EIA reduced its...Continue Reading

Mining Giant Rio Tinto to Buy Arcadium Lithium for $6.7 Billion | 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 – Oct 09, 2024, 6:00 AM CDT Rio Tinto will buy Arcadium...Continue Reading

IEA: The World Is Not on Track to Triple Renewable Capacity by 2030 | 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 – Oct 09, 2024, 5:00 AM CDT Despite the surge...Continue Reading

Florida Is Running Out of Fuel as Residents Flee Hurricane Milton | 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 – Oct 09, 2024, 3:46 AM CDT Gas stations in Florida are...Continue Reading

Global Energy Industry Emissions Set to Peak in 2024 | 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 Premium Content By Irina Slav – Oct 09, 2024, 2:30 AM CDT DNV forecasts global energy emissions to peak in 2024...Continue Reading

Crude oil prices started trade little changed earlier today after a substantial inventory build in the U.S. surprised traders, adding to bearish mood prompted by the Chinese government’s decision to not issue new economic stimulus measures every week. Brent crude and West Texas Intermediate remain higher than a week ago but are off the heights...Continue Reading