Oil
Indonesia conducted its first test flight using jet fuel partially from palm oil on Wednesday, a senior minister said, as the country plans to commercialise the fuel as it seeks creative ways to use the edible oil domestically. The plane flew more..
Oil prices rose for a fifth straight day on Monday with Brent at its highest since October 2018 and heading for $80 amid supply concerns as demand picks up in parts of the world with the easing of pandemic restrictions. Brent crude was up $1.15 or..
Sudanese protesters on Saturday blocked two key oil pipelines in Port Sudan, the main port on the Red Sea, over a peace deal with rebel groups, the oil minister said. Oil Minister Gadein Ali Obeid warned that this was "an extremely grave situ..
REUTERS India has cut base import taxes on palm oil, soyoil and sunflower oil, according to a government notification, as the world's biggest vegetable oil buyer tries to cool near-record price rises. The reduction in taxes could bring down..
REUTERS Hurricane Ida's damage to U.S. offshore energy production makes it one of the most costly since back-to-back storms in 2005 cut output for months, according to the latest data and historical records. Ida's 150 mile-per..
An oil spill that originated from Syria's largest refinery is growing and spreading across the Mediterranean Sea, and could reach the island of Cyprus by Wednesday, Cypriot authorities have said. Syrian officials said last week that a tank fil..
An oil spill that originated from Syria's largest refinery is growing and spreading across the Mediterranean Sea, and could reach the island of Cyprus by Wednesday, Cypriot authorities have said. Syrian officials said last week that a tank fil..
REUTERS HO...
The State of Qatar voiced condemnation of the attack which targeted an oil tanker off the coast of Oman, and called for resorting to the international law to ensure that such attacks would not be repeated in the future, to maintain security and stabi..
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