Category Archives: اخبار

Global oil demand roared back in 2021 as the world began to recover from the coronavirus pandemic, and overall world consumption potentially could hit a new record in 2022 – despite efforts to bring down fossil fuel consumption to mitigate climate change. Gasoline and diesel use surged this year as consumers resumed travel and business […]

Oil prices rose on Thursday for a third straight day, underpinned by a weaker dollar on optimism about global growth, even as governments from Australia to Europe step up curbs to slow the spread of the Omicron coronavirus variant. U.S. West Texas Intermediate (WTI) crude futures gained 35 cents, or 0.5%, to $73.11 a barrel […]

Asian share markets were broadly up on Wednesday as the risk appetite of global investors rises heading into year-end, despite the surging number of Omicron COVID-19 variant cases around the world. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.24% in afternoon trade, having been higher earlier in the day. Australian shares closed […]

Mideast Gulf naphtha premiums continue to rise, boosted by the prospect of tight supply from regional refiners and robust export demand from petrochemical producers in Asia-Pacific. Naphtha cargoes offered by Mideast Gulf refineries hit a premium of $46.50/t on 17 December, the highest in almost two years. Kuwait’s state-owned KPC sold 50,000t of full-range naphtha […]

Oil prices rose on Tuesday, though investors remained worried about the rapid spread of the Omicron coronavirus variant globally, prompting countries to consider more restrictions potentially denting fuel demand. Brent crude futures increased by 59 cents, or 0.8%, to $72.11 a barrel by 0418 GMT, while U.S. West Texas Intermediate (WTI) crude futures rose by 73 […]

Asian stocks rose on Tuesday, shrugging off a bruising Wall Street session, as Chinese markets cheered Beijing’s push to help troubled property firms, although surging cases of the Omicron coronavirus variant persist as a worry for investors. U.S. stock indexes retreated more than 1% as positive COVID-19 case counts rose and President Joe Biden’s social […]

Australia’s federal government will provide A$33.5mn ($23.8mn) in funding to support the development of sustainable aviation fuel (SAF) and sustainable marine fuel as part of a new round of financial support of around A$110mn for the country’s aviation sector. The rest of the funding will be spent on aviation technology and on regional aviation infrastructure. […]

U.S. gasoline prices have dropped in time for the major holiday driving season, but not everyone around the country is feeling the same relief at the pump. Fuel prices were one of the key factors in U.S. inflation that soared to multi-decade highs in October, dampening President Joe Biden’s popularity and sparking calls for investigations […]

India’s gasoline consumption in the first half of December surpassed pre-pandemic levels as preference for personal vehicles over public transport increased driving activity, while transport fuel demand strengthened on the month and on the year. Gasoline consumption of 629,000 b/d in the previous fortnight was up 7pc from the first half of November and 16pc […]

 About half of U.S. oil pipeline space is sitting unused, heating up competition for barrels in higher-output areas like the Permian Basin in Texas. Overall U.S. pipeline capacity utilization is at around 50%, compared with a range of 60% to 70% headed into early 2020 before the coronavirus pandemic hit, according to consultancy Wood Mackenzie. […]