NEW YORK (Reuters) - U.S. crude oil storage demand has surged in recent weeks to levels similar to the COVID-19 pandemic, according to data from storage broker The Tank Tiger, as traders brace for ...

A new approach could fractionate crude oil using much less energy Date: May 22, 2025 Source: Massachusetts Institute of Technology Summary: Engineers developed a membrane that filters the ...

June WTI crude oil (CLM25) today is up +0.19 (+0.30%) and June RBOB gasoline (RBM25) is down -0.00082 (-0.38%). Crude oil prices today recovered from early losses and are moving higher on the ...

India’s crude oil import dependency rose to an all-time high of 90 per cent during April 2025 as it procured more cargoes to meet the demand of an expanding industrial and commercial base.

Saudi Arabia’s direct crude burn for power generation is likely to rise this summer compared to last year, potentially easing part of the concerns about a global oil glut as the OPEC+ group ...

July WTI crude oil (CLN25) Wednesday closed up +0.95 (+1.56%), and July RBOB gasoline (RBN25) closed up +0.0152 (+0.74%). Crude oil and gasoline prices rallied Wednesday on concern the US might ...

SINGAPORE, May 20 (Reuters) - Saudi Arabia is expected to burn more crude oil for power generation this summer than last as it ramps up output after OPEC+ eases supply controls and as fuel oil has ...

Despite this, the bank kept its oil price predictions unchanged at $60 per barrel for Brent crude and $56 per barrel for West Texas Intermediate (WTI) for 2025. Currently, Brent crude is trading ...

Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. Crude oil prices retreated after the US Energy Information Administration reported an ...

Crude oil prices steady as easing U.S.-EU trade tensions offer mild support ahead of critical OPEC+ decision. OPEC+ may hike July output by 411,000 bpd, but Russia says discussions on raising ...

It will discourage imports of refined palmolien and shift demand back to crude palm oil, thereby revitalizing the domestic refining sector,” said SEA President Sanjeev Asthana.

New Delhi: India plans to take advantage of a drop in global crude oil prices to refill its strategic petroleum reserves (SPR), two people aware of the matter told Mint. The move comes amid ...