Biden exploring release of diesel fuel reserves amid high prices

White House says it is ready to act quickly if needed to address supply outages on East Coast.

Oil prices head for weekly loss on Omicron coronavirus uncertainty

Surging cases of the Omicron coronavirus variant raised fears new curbs may hit fuel demand.

Oil slips over 1% on bets that crude supply growth will exceed demand

Oil prices fell for a third day straight on Wednesday on growing expectations that supply growth will outpace demand growth next year.

Oil gains as investors see limited Omicron impact on demand

Both benchmarks posted gains of about 8% last week.

Oil prices rise: Brent is above $76 per barrel

Oil adds to gains as worries over Omicron ease.

$2 million worth of fuel stolen from a US military base In Romania,

Members of an organized criminal group stole fuel from a US military base.

Pakistan petrol retailers start nationwide strike as profit margins drop

The country’s Oil and Gas Regulatory Authority (OGRA) has said it would try to curb the impact of the strike, adding that and any disruptions would be met with legal action.

Brent price went up to $82.72 per barrel

The United States has not yet announced the sale of raw materials from the strategic reserve.

Gasoline and diesel fuel export banned in Kazakhstan

The restrictions were also imposed before, in May 2021 and November 2019.

Shell to end crude refining at German site in low carbon shift

Royal Dutch Shell said on Thursday it plans to shift its Shell Rheinland refinery at Wesseling in Germany away from crude oil and towards low or zero carbon products from 2025.

Oil prices went up after OPEC+ meeting

Oil prices have recently hit seven-year highs but declined earlier this week.

Brent price went up to $86.25 per barrel

Benchmark oil prices increased over the last week.