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Emergency Oil Meeting Discusses Potential For Diesel Outages

The European Union held an emergency meeting on Friday to discuss the potential for diesel supply shocks stemming from the conflict between Israel and Hamas.

Saudi arabiaJulianne geigerEnergy kadri simsonEuropean unionMiddle east

Higher Refining Output Lifts Sinopec s Profit By 34% In Q3

Sinopec saw its net profit jump 34% in the third quarter on the back of strong fuel sales and higher rates of crude oil processing.

Tsvetana paraskovaChina national bureau of statisticsChina petroleum chemical corporationChina petroleumChemical corporationNational bureauBetween januaryCrude oil

Oil Ticks Lower On Inventory Build

Crude oil prices inched down today after the Energy Information Administration reported an inventory increase of 1.4 million barrels for the week to October 20.

United statesEnergy information administrationAmerican petroleum instituteMiddle eastWest texas intermediateIrina slavOil pricesOil marketsOil supply

Strong Gasoline Draw Supports Oil Prices

Oil prices got some support from today s API inventory report which reflected a strong draw in product inventories

United statesJulianne geigerAmerican petroleum instituteDepartment of energy doBiden administrationStrategic petroleum reserve

China Could Rescue The West From The Diesel Crunch

China could ease the global diesel market if it boost its fuel exports, with early data suggesting that it s doing just that.

Noord hollandNew yorkUnited statesSaudi arabiaBloomberg julian leeMatt smithEmma liJohn kilduffTsvetana paraskovaRussia oil pact showing signsMiddle eastMiddle easternJulian leeAgain capital

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