Resource Royalty

Oil prices dropped ahead of Donald Trump's first day back in office, with expectations of a stronger dollar and a delay to his tariff threats both boosted bearish sentiment.

We expect distillate fuel oil consumption to increase in the fall as diesel-powered agricultural equipment is used to harvest and transport crops.

Iran is embarking on a US$70 billion investment programme of measures to attempt to halt a dramatic decline in output from its crucial South Pars gas field.

Crude oil prices went lower today after the U.S. Energy Information Administration reported an inventory increase of 7.3 million barrels for the week to April 26.