Wednesday , 17 December 2025

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Aramco boosts fuel-trading in fight for Asia, Africa sales

  Bloomberg Saudi Aramco is seeking to boost its fuel-trading volume by more than a third as the world’s biggest crude exporter expands its capacity to refine oil to grab a bigger share of growing markets in Asia and Africa. Aramco, as Saudi Arabian Oil Co. is known, is building refineries in the kingdom and in Asia to help it …

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Crescent Point turns focus to production

  Bloomberg After five years of snapping up more oil assets than any of its peers in North America, Crescent Point Energy Corp. is turning its focus to getting more out of them. Chief Executive Officer Scott Saxberg says that rather than scouting for new assets to buy, the company is trying to keep a lid on costs, drilling new …

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Oil rises from one-month low

  Bloomberg Oil rose from its lowest close in a month amid estimates that while the US crude inventory glut is continuing to shrink, although refined products are growing more plentiful. Futures gained as much as 0.6 percent in New York after dropping 1 percent. US crude stockpiles are forecast to have decreased for a fourth week from a record …

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