General Motors will add hybrids in multiple segments, CEO Mary Barra told analysts Oct. 20, with US gasoline at $4.28 a gallon, up from $3.04 a year earlier. GM's US sales fell 6% in the third quarter, while Toyota's sales of electrified vehicles rose 28.5%. "We will have
India’s largest state-owned refiner, Indian Oil Corporation (IOC), will reduce slightly the volumes of Middle East crude oil it will buy under annual term deals in the 2027/2028 fiscal year starting next March, amid uncertainty of supply from the region, an anonymous source with...</stron
Crude oil inventories in the United States saw a decrease of 3.1 million barrels during the week ending October 16, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday The decrease brings commercial stockpiles to 412.5 m
Commercial crude stocks (excluding those in the Strategic Petroleum Reserve) for the week ended October 16: 412.5M barrels. Crude inventory change: -3.1M barrels vs -8.6M barrels for the week ended October 09 Consensus estimate: -0.100M. Gasoline inventory change: -
Robust crude oil flows out of the Middle East in recent weeks have started to pressure the key metric of strength for physical supply out of the region. The premium of Oman crude over Dubai, the measure of Middle East’s market strength, has slumped this week to the lowest
The key Charlie platform, which handles flows of oil into the Forties pipeline system, will remain open even if Apache workers carry out a threatened 24-hour strike on Wednesday, APA Corp. (APA) said. The company said it plans to maintain "experienced
VÃ¥r Energi ASA press release (VARRY): Q3 Diluted EPS: $0.11 vs. $0.05 a year ago. Revenue: $3.57B vs. $2.14B a year ago Net profit: $304M vs. $152M a year ago. EBIT: $2.21B vs. $1.07B a year ago. EBITDA: $3.03B vs. $1.73B Revenue: $3.57B vs. $2.14B a year ago.
The U.S. Department of Energy has called on refiners to ramp up their diesel fuel production further, Reuters has reported, citing two high-ranking officials from the department There are talks ongoing with refiners both in the United States and abroad, the report s
Crude oil prices ticked higher earlier today, extending gains from Tuesday as traders continued to worry about the stability of flows out of the Middle East. At the time of writing, Brent crude was trading at $110.30 per barrel, with West Texas Intermediate at $99.12 per b
WTI holds gains above $98.50 amid Middle East supply risks West Texas Intermediate (WTI) oil price appreciates after two days of losses, trading around $98.60 during Asian hours on Wednesday. Crude oil prices gained ground as traders assessed mixed reports regarding diplom
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