MOL’s Slovnaft refinery increases crude processing by 23% in 2025

Russian government permits sales of Euro-3 fuel in Russia until year-end

Several oil processing plants were allowed to produce gasoline with higher maximum permitted sulfur content

Commodities: Oil Bounces On Persian Gulf Re-Escalation

Commodities: Oil Bounces On Persian Gulf Re-Escalation

Oil prices decline as tanker traffic through Strait of Hormuz recovers

At present, Brent crude oil is trading at around 76 per barrel, while West Texas Intermediate (WTI), also known as Light crude, is priced at approximately 72 per barrel.

Govt committed to passing oil price relief to consumers: Ali Pervaiz Malik

Petrol traded between 90.36 and 98.35 per barrel last week. The post Govt committed to passing oil price relief to consumers: Ali Pervaiz Malik appeared first on BOL News.

Oil Product Markets Are the Real Hormuz Pain Point

While crude has nearly erased its wartime rally, refined fuels are increasingly tight.

Egypt Targets Doubling Crude Output by 2030 with New Tech

Karim Badawi, Minister of Petroleum and Mineral Resources, affirmed that the petroleum sector’s five‑year plan aims to double domestic crude oil production by 2030 through expanded application of the latest technologies, most notably horizontal drilling and hydraulic fracturing, alongside the introduction of new contractual frameworks. This came during the Minister’s meeting with the Board of [] The post Egypt Targets Doubling Crude Output by 2030 with New Tech first appeared on Egypt Oil Gas.

Global oil demand is falling, and crude prices are down. But here’s why gasoline, diesel and other refined products are still costly

The main exception to the global slump in oil usage was in the U.S., where gasoline use increased in the second quarter of 2026.

Petrol gets cheaper at Dangote Refinery, filling stations drop prices too

Dangote Refinery has cut petrol prices while diesel prices rise in Lagos. Global crude oil prices near 80 per barrel raise concerns for future fuel costs.

Company Operating Kulevi Refinery Says It Will Process ‘Entirely Non-Russian Origin’ Crude Oil

Black Sea Petroleum, a company owned by Georgian businesswoman Maka Asatiani that operates the newly launched Kulevi oil refinery in western Georgia, announced that it will begin refining “crude oil of entirely non-Russian origin” starting in August-September, saying the shift will “open doors to high-margin markets” for its products. July 1’s statement said the company

US grants Iran oil sanctions waiver as part of deal

The waiver authorizes the production, and delivery and sale of Iranian oil for two months.

Study examines plans to increase output from Iran’s Band-e-Karkheh Oilfield

Study examines plans to increase output from Iran’s Band-e-Karkheh Oilfield

Cooling Middle East Tensions Lift Markets and Pressure Oil – Comments from Century Financial

Crude Oil WTI is trading around 70.77 (-0.9) in early Asian hours, while Brent is hovering near 73.75 (-0.4), as easing geopolitical tensions between the U.S. and Iran continue to weigh on crude prices. Markets have largely priced in the prospect of renewed diplomacy after both sides agreed to halt attacks and resume technical talks [] The post Cooling Middle East Tensions Lift Markets and Pressure Oil – Comments from Century Financial appeared first on Middle East News 247.

World : OPEC+ Countries Produced Oil 7.5mln Bpd Below Target In June - IEA Report

MOSCOW, July 10 (Bernama-Sputnik/RIA Novosti) -- OPEC+ countries with voluntary restrictions increased oil production in June by 2.1 million barrels per day to 32.4 million barrels, and produced 7.5 million barrels per day below the quota level, the International Energy Agency (IEA) said in its fresh report on Friday, Sputnik/RIA Novosti reported.

Brent curve points to oil oversupply after Hormuz reopening

HOUSTON, Texas: Oil markets are beginning to signal a near-term supply glut as tankers resume leaving the Strait of Hormuz, releasing crude that had been stranded in the Gulf during the Iran war. Brent crude contracts for September delivery traded 12 cents above those for August delivery on June 24, marking the first time since the conflict began in late February that later-dated oil was priced higher than promp

Nigeria’s daily oil production rises by 2.3% to 1.74mbpd

Data released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Sunday showed that average crude oil production, excluding condensates, increased to 1.56 million barrels per day in June from 1.53 million barrels per day in May. The post Nigeria’s daily oil production rises by 2.3 to 1.74mbpd appeared first on Vanguard News.

Gulf oil exports surge as Saudi Arabia restarts key terminal after four-month halt

ALBAWABA- Major Gulf oil producers are rapidly ramping up crude exports as regional shipping routes recover, with Saudi Arabia restarting loadings at its critical Ras Tanura terminal after a nearly four-month suspension, while Kuwait and Qatar also boost output amid improving security conditions in the Strait of Hormuz...

Inventory Replenishment Could Fuel The Next Major CrudeOil Bull Market

The global oil market may be entering a new phase where the primary price driver is not supply disruption, but the urgent need to rebuild depleted strategic and commercial inventories. Governments, refiners, and traders around the world face mounting pressure to replenish oil stocks that were drawn down during a period of sustained emergency releases [] The post Inventory Replenishment Could Fuel The Next Major CrudeOil Bull Market appeared first on Foreign Policy Journal.

Petrol, Diesel Prices On July 2: Check New City-Wise Fuel Rates

Fuel prices in India depend on several factors, with global crude oil prices being the most significant as crude is the primary raw material used to produce petrol and diesel.

Iran's biggest weapon against the US may be slipping away, experts say

Iran's attacks on commercial shipping sent oil prices higher, but alternative routes and rising OPEC+ production may be weakening Iran's leverage.

Apple down 6%. Microsoft down 3%. SoftBank down 12%. The tech selloff isn't just about chips anymore.

Brent crude is trading under 73 a barrel while the Nasdaq is on pace for a weekly loss of more than 4

Several Russian regions impose restrictions on gasoline sales

The Irkutsk, Omsk, and Novosibirsk regions have imposed restrictions on gasoline sales.

Is OPEC Losing Control as Gulf Oil Producers Race to Reclaim Market Share?

The four month Iran war severely disrupted global energy markets after Tehran restricted shipping through the Strait of Hormuz following U.S. and Israeli military strikes. At the height of the conflict, around 14 million barrels of oil per day were removed from global supply, triggering fears of a prolonged energy crisis and sending Brent crude [] The post Is OPEC Losing Control as Gulf Oil Producers Race to Reclaim Market Share? appeared first on Modern Diplomacy.

Major Russian oil refinery suspends operations again after Ukrainian drone strike

The Lukoil-Nizhegorodorgsintez plant is the fourth-largest oil refinery in Russia, second-largest producer of gasoline, and Lukoil's largest refinery.

Harga minyak kukuh, Petronas perlu percepat pelaburan

PETALING JAYA: Harga minyak yang lebih kukuh kini menjadi pemangkin utama kepada Petroliam Nasional Berhad (Petronas) untuk menggerakkan semula pelaburan sektor huluan yang sebelum ini ditangguhkan, sekali gus mengurangkan justifikasi syarikat untuk terus mengambil pendekatan berhati-hati terhadap perbelanjaan modal. Menurut CIMB Securities Sdn. Bhd., gabungan harga minyak yang tinggi, aliran tunai yang lebih mantap serta ... Read more The post Harga minyak kukuh, Petronas perlu percepat pelaburan appeared first on Utusan Malaysia.

Oil Prices Jump After Renewed Strikes in Gulf Put Shipping Recovery at Risk

Oil prices surged on Wednesday after U.S. and Iranian forces traded strikes in and around the Persian Gulf and the Trump administration revoked a waiver that allowed the sale of Iranian oil in retaliation for attacks on three tankers in the Strait of Hormuz, a crucial conduit for the world’s energy flows. U.S. Central Command []

The Commodities Feed: The battle over Hormuz lifts oil prices

Further escalation in the Persian Gulf has oil prices moving higher amid renewed concerns over flows through the Strait of Hormuz

India Considers Resuming Iranian Crude Purchases if U.S. Extends Sanctions Waiver

(NaturalNews) Indian state-owned refiners are weighing a return to purchasing Iranian crude oil if the United States extends a temporary sanctions waiver beyond its...

Sentuo Oil Refinery capacity to increase from 40,000 to 100,000 barrels per day – Energy Minister

Minister for Energy and Green Transition, John Jinapor, has announced that the Sentuo Oil Refinery will increase its refining capacity from 40,000 barrels per day to 100,000 barrels per day upon completion of its second phase.

Hormuz: China Oil Demand Tapped out, Heavy Truck EVs Rise

If the country stops needing to use diesel for trucks, that is game over for petroleum

Crude oil prices rise after Trump declares end to ceasefire with Iran

Crude oil prices rose on Wednesday after United States President Donald Trump declared the ceasefire with Iran over. Checks by DAILY POST on Wednesday showed that Brent and West Texas Intermediate crude rose by around 4 percent to 77.74 per barrel and 73.52 per barrel, from 72 and 68 per barrel, respectively, on Tuesday. DAILY POST reports that Trump said [] Crude oil prices rise after Trump declares end to ceasefire with Iran