Bloomberg Qatar’s demand for oil products, boosted by an expanding airline and a pre-World Cup spending spree, is bucking a trend of slower consumption growth and even contraction in the region as economies slowed on lower oil prices. Average daily consumption of gasoline, jet fuel and other refined products was a record 228,000 barrels per day in the first ...

  Reuters A tanker sent by Libya’s National Oil Corporation (NOC) began to load oil on Thursday at the country’s eastern Zueitina port, after rival forces stationed in the area agreed to let it dock and take the oil to safety, a port official said. The NOC expressed concern earlier this month after reports of possible clashes between the Petroleum ...

Bloomberg The glut of crude oil stored in ships on the North Sea is finally starting to dissipate. Demand for the commodity has increased as traders take advantage of remaining discounts before maintenance begins at the U.K.’s largest oil field. The result: a whittling away at the backlog of floating storage that has persisted for months. The “timing is right” ...