The number of oil rigs in the US increased by one in the week ended Friday, according to data compiled by energy services company Baker Hughes (BKR). The count for oil grew to 480 rigs from 479 last ...
Private oil processors in China have slashed their operating rates to levels last seen at the beginning of the pandemic, as U.S. sanctions on Russia cut a key source of crude supply.
Chinese consultancy Oilchem estimated independent refiners in east China's refining hub - Shandong province - operated at 53.66% of their crude oil processing capacity in 2024, down 8.3 percentage ...
Crude Oil: Critical $67 Support Under Threat Amid China Slowdown, Rising US Output By Damian Nowiszewski - Dec 11, 2024 4 WTI crude teeters near a critical support level. Weak Chinese demand and ...