The oil market faces strong resistance, while natural gas positions for a positive move driven by robust heating demand.

China, the world’s heavyweight oil consumer, has officially hit its peak. According to CNPC’s Economics & Technology Research Institute, the country’s refined oil consumption maxed out in ...

Oil prices nudged higher on Thursday, the first day of trade for 2025, as investors returning from holidays cautiously eyed ...

HOUSTON, Jan 7 (Reuters) - Oil prices settled higher ... it is recording gains on the back of improved demand expectations fueled by holiday traffic and China’s economic pledges," Hilal said ...

Oil prices rose on Thursday as investors returned for the first trading day of the new year with an optimistic eye on China's ...

Oil prices were headed for a weekly gain on Friday as optimism over demand recovery from China aided sentiments.

SINGAPORE, Dec 13 (Reuters) - China's refined oil consumption peaked in 2023 at 399 million metric tons (7.98 million barrels per day) and is expected to fall 1.3% to 394 million tons in 2024 ...

A colder-than-expected winter has driven increased demand for heating oil, kerosene, and LPG. Despite a stronger U.S. dollar, ...

Oil rose with optimism boosted by Chinese leader Xi Jinping’s annual New Year’s address in which he said the country is on an upward trajectory.

China’s biggest oil refiner said the country’s gasoline demand had peaked last year and declines would accelerate as the shift to electric vehicles gathers pace. Consumption of the fuel would ...