Asian spot liquefied natural gas (LNG) prices fell further this week to its lowest level in 10 weeks, tracking Europe’s bearish gas price momentum and amid weak demand due to comfortable levels of storage. The average LNG price for April delivery into north-east Asia...

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China’s imports of Russian Far East crude and Iranian oil are set to rebound in March as non-sanctioned tankers, drawn by lucrative payoffs, joined the trade replacing vessels under U.S. embargo, trade sources and analysts said. The rebound of sanctioned oil shipments...

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Brazilian state-run oil firm Petrobras will commission four more support vessels by 2026, Chief Executive Magda Chambriard told Reuters, increasing the number of new ships aimed at supporting its operations to 48 by 2026. The reinforcement of Petrobras’ fleet comes...

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Top oil exporter Saudi Arabia may slightly cut its crude prices for Asian buyers in April, tracking the marginal decline in benchmark prices this month, traders said on Friday. The April official selling price (OSP) for flagship Arab Light crude may decline by 20...

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U.S. crude oil and natural gas output set records in December, and oil demand touched multi-month highs, the U.S. Energy Information Administration said in its Petroleum Supply Monthly report. Crude oil output hit 13.491 million barrels per day (bpd) in December, up...

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