Diamondback Says Oil Glut Fears Are Fading as Demand Holds Strong
The risk of global oil oversupply is diminishing thanks to demand resilience, Diamondback Energy said in a letter to shareholders authored by the company’s chief executive ahead of the company’s…
Oil Market Remains Firmly in Wait and See Mode
The oil market “remains firmly in wait and see mode”, according to Ole R. Hvalbye, a commodities analyst at Skandinaviska Enskilda Banken AB (SEB). In a SEB report sent to…
Indian Refiners’ January Crude Processing Fell In January
Indian refiners’ crude processing (throughput) fell by 0.2% month-on-month in January 2026, reaching 5.63 million barrels per day (bpd) or 23.81 million metric tons, marking a slight decrease after December…
Half A Million Without Power After Winter Storm Ravages US Northeast
More than half a million homes and businesses across seven states were left without power after a winter storm swept across parts of the U.S. Northeast on Sunday and Monday.…
