June refinery runs fell 17.7% year-on-year to 12.47 million bpd, the lowest since March 2020, amid fuel demand decline and supply disruptions. China’s refinery throughput dropped to 12.47 million barrels per day in June, a 17.7% decline from a year earlier, marking the low
The slowest annual expansion since Q4 2022 reflects weaker demand amid a property downturn and energy price pressures. China’s economy grew 4.3% year-over-year in Q2 2026, down from 5.0% in Q1 and below the 4.5% market consensus. The print marks the slowest pace since Q4 2
Oil prices stabilize above key technical levels amid escalating US-Iran conflict and supply disruption risks in the Gulf. West Texas Intermediate crude oil trades steady at $79.00, consolidating weekly gains after reaching a one-month high. The commodity remains supported
WTI oil price rises for third day West Texas Intermediate oil price extended its gains for the third successive day, trading around $79.20 per barrel. The price increase follows threats from US President Donald Trump regarding additional military strikes on Iran.
Oil prices rise as President Trump threatens further military action against Iran, stoking supply disruption fears in the Persian Gulf. West Texas Intermediate crude oil advanced to $79.20 per barrel in Asian trading, extending a three-day rally. The gains follow President
Brent and WTI hit multi-week highs after Iran strikes US bases in Bahrain, Kuwait, and Jordan, amplifying supply disruption fears. Brent and WTI crude futures climbed to their highest levels since mid-June for a second consecutive session, driven by escalating US-Iran host
China’s record 41 million barrel inventory draw in June reduced import demand, freeing up Middle Eastern crude for other regions. China’s refiners drew 41 million barrels from crude inventories in June, one of the largest monthly stock draws on record, easing pressure on M
Goldman Sachs projects 60% of Gulf oil exports could avoid Hormuz by 2028, but near-term price premiums remain intact. Gulf states are advancing pipeline and export infrastructure projects to reduce reliance on the Strait of Hormuz, with bypass capacity expected to rise by
US crude stockpiles fell 564K barrels last week The decline in US crude stockpiles marks the 13th consecutive weekly drop. The previous week saw a 400K-barrel draw. This trend may indicate a shift in oil supply and demand dynamics.
A new pipeline agreement aims to transport 1 million barrels per day from Alberta to British Columbia, supporting oil sands expansion. Canada’s federal and Alberta provincial governments, alongside major oil sands producers, finalized terms for the West Coast Oil Pipeline
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