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CHINA OIL MARKET NEWS
Why Hormuz windfall may prove short-lived for oil refinersGlobal refining margins have hit record highs, greatly benefiting producers. Yet, while fuel prices remain elevated due to tight inventorie...- China further eases fuel export curbs for JulyChina has lifted refined fuel export restrictions for the remainder of July. A private refiner, Zhejiang Petrochemical, can now resume its ...
- Millions of barrels of Iranian oil left in limbo after US revokes 60-day waiverAround 63 million barrels of Iranian crude are stranded on tankers after the US revoked a sanctions waiver that had temporarily allowed Ira...
- Gold eases as fresh US-Iran tensions lift oil prices, rate-hike betsGold prices fell to a near-weekly low as U.S. strikes on Iran boosted oil and the dollar. Higher interest rate expectations are pressuring ...
- Global Market Today: Oil rises, Asian stocks steady as US strikes IranOil prices surged as the United States conducted airstrikes and revoked waivers for Iran. Asian stocks remained largely unchanged while inv...
- US reinstates sanctions on Iranian oil sales after LNG, oil tanker attacksUnited States reimposed sanctions on Iranian oil sales Tuesday. This action followed attacks on vessels in the Strait of Hormuz. The U.S. T...
- Global Market: Asian refiners turn to cheaper Gulf oil despite Saudi price cutsSaudi Arabia significantly reduced crude oil prices for Asian buyers this month. Rival Gulf producers are offering better value and deeper ...
- Global oil market weathers Iran war shock, but reserve depletion raises future price risksThe global oil market absorbed record supply disruptions during the Iran conflict without triggering a prolonged price shock. But analysts ...
- Wall Street warms to India’s markets as oil pressures fadeIndia had fallen out of favor as investors chased markets with greater exposure to the artificial intelligence boom, while the energy shock...
- Oil prices gain as focus shifts to supply recovery and demandOil prices saw slight gains Tuesday as traders focused on supply increases. Traders are looking beyond Middle East tensions to demand prosp...
- Stocks in news: RIL, Trent, Titan, Cochin Shipyard, Nestle, Indian OilMarkets extended their winning streak on Monday, supported by encouraging quarterly business updates. Reliance Industries received an admin...
- OPEC+ to boost crude output, but can it deliver and who will buy?OPEC+ has boosted oil production quotas for the fifth consecutive month, raising questions about shipping capacity and buyer demand. While ...
- Charting the Global Economy: US hiring slows, eurozone CPI coolsIn Asia, Japan's economy is nearing a post-war growth record, buoyed by AI-driven exports, though some Chinese fund managers warn of an AI ...
- Energy-hungry Asia is already drawing lessons from Iran crisisAsia is learning crucial lessons from the recent Persian Gulf conflict, emphasizing the need for larger energy reserves and a wider array o...
- Sensex jumps 262 points, Nifty closes above 24,270. 7 key factors behind today's D-Street gainsIndian stock markets surged on Friday, with Sensex and Nifty climbing over 0.3% each. This rally was fueled by easing Middle East tensions,...
- Citi sees brent crude sliding to $60/bbl as supply fears easeGeopolitical tensions easing around the Strait of Hormuz are expected to drive Brent crude prices down to $60 a barrel by year-end, accordi...
- Oil slide deepens as Saudi exports reach 90% of pre-war levelBrent futures slipped to near $70 a barrel in London, hitting their lowest since the week before the Iran war began on Feb 28. Saudi Arabia...
- India, China ink edible oil trade pact to boost soybean oil importsIndia's edible oil industry, represented by IVPA, has inked a significant pact with China's CFNA to boost bilateral trade. This collaborati...
- Iran's unsold oil piles up at sea as buyers stay waryIran is struggling to sell its growing oil stockpile at sea as a US deadline looms, potentially costing Tehran vital revenue and weakening ...
- Oil prices dive as more tankers move through Strait of HormuzCrude oil prices experienced a significant drop, heading for steep weekly losses as tanker traffic through the Strait of Hormuz increased, ...
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