Keywords: Petroleum
Inflation continues to rise in France. According to the preliminary estimate published by Insee on Friday, consumer prices increased by 2.4% year-on-year in August, up from 2.1% in July. The acceleration is primarily driven by energy prices, which have surged significantly over the year. Price increases......
The Organization of the Petroleum Exporting Countries (OPEC) has revised its expectations for global oil demand growth, lowering its forecast for 2026 while adopting a more optimistic outlook for the following year. In its latest monthly report, OPEC estimated that global oil demand will increase by......
The global oil market is entering a period of structural change as demographic trends increasingly influence where energy demand is concentrated. While ageing populations are putting pressure on consumption growth in many advanced economies, younger and rapidly urbanising populations in Asia and Africa......
India's three largest state-owned fuel retailers have defended the quality of E20 petrol, stating that extensive nationwide testing found no evidence of contamination concerns raised in recent public discussions. In a joint statement released on Friday, the companies said the fuel continues to comply......
India's fuel consumption climbed to its highest level in four months during July, reflecting resilient domestic energy demand despite mixed performance across individual petroleum products. New data released by the country's Petroleum Planning and Analysis Cell (PPAC) showed total fuel consumption......
The United States' Strategic Petroleum Reserve (SPR) has declined to its lowest level in more than four decades, highlighting the continued reduction of one of the world's largest emergency crude oil stockpiles. According to official energy data, the reserve fell by nearly 2.9 million barrels......
The OPEC+ alliance is expected to approve a modest increase in oil production quotas for September, according to sources familiar with the discussions, before temporarily suspending further monthly output increases as the group completes the rollback of its voluntary production cuts. The proposed adjustment......
Russia has expanded its search for alternative fuel supplies by importing a shipment of gasoline from Morocco as it works to address domestic fuel shortages caused by disruptions at several oil refineries. The move reflects Moscow’s broader strategy of strengthening fuel reserves while maintaining......
U.S. refiner HF Sinclair delivered a stronger-than-expected second-quarter performance, benefiting from improved refining margins and increased demand for American fuel exports amid ongoing geopolitical tensions in the Middle East. The Dallas, Texas-based energy company reported adjusted earnings of......
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