Browsing: fuel

LONDON: The Organization of the Petroleum Exporting Countries on Thursday predicted robust fuel use in the summer months and stuck to its forecast for relatively strong growth in global oil demand in 2024, while saying there was a chance the world economy could do better than expected this year, according to Reuters.

The Russian Energy Ministry noted stability of the situation with domestic fuel provision with fuel during the meeting

The overall picture is that freight movements have started to rise even before the U.S. Federal Reserve and other major central banks cut interest rates

The volume of Russian diesel in floating storage at sea hit the highest levels since at least 2017 this month, Bloomberg reported on Friday, citing data from energy analytics firm Kpler.

India is looking to purchase the inaugural shipment for its latest LNG terminal, as the nation aims to rapidly increase…

Russia’s First Deputy Minister of Energy Pavel Sorokin said earlier that Russia may reduce oil refining in 2024, but due to these volumes, oil supplies for export will increase

Fuel prices were slashed for the third consecutive month in January, by 14 fils per litre

The fuel is seen as a vital lifeline for Western Europe, which has cut itself off from cheaper Russian gas imports

Global production of the fuel is also expected rise whereas supply will likely remain tight, according to the energy watchdog

Houthi attacks in the waterway have prompted many companies to redirect vessels to longer and more expensive routes