Fuel Oil News

Arbitrage economics for high sulfur fuel oil cargoes continued to point towards the West of Suez as supply cuts in Europe and weaker spot...

HSBC has cut annual oil price forecasts for this year and the next, citing increased OPEC+ supply later this year outpacing sluggish demand...

Middle East crude opened the new trading month lower as faltering demand growth offset political tensions in the region, a move that also pulled margins for...

ExxonMobil's plans to sell its Nigerian onshore assets to Seplat Energy will receive ministerial approval over the coming days, President Bola...

Taiwanese oil refiners in August boosted their diesel exports even as crude throughput fell to a four-month low, according to...

Crude oil futures opened the week on a firmer footing following an escalation in Middle East geopolitics...

Below is a list of monthly averages for key Quantum refined oil product spot physical assessments...

Crude and product prices were higher Monday as Middle East tensions ratcheted higher after Hezbollah's leader was killed in an Israeli airstrike...

Around 45,000 union workers at seaports on the US East and Gulf Coasts are set to down tools having reached an injunction over pay...

Refined oil product sales in Japan rose in August on the back of strong summer appetite with the combined volume hitting a four-month high of...

Middle East crude closed out the final trading day of the quarter slightly higher, but still booked monthly losses of over 6%, while the product side saw...

Crude futures fell Friday to help wipe out all the previous week's gains, with OPEC+ production quotas in focus...

Mexico's refined oil product demand retreated from July's two-year highs in August, latest monthly figures from Pemex showed this week...

Crude oil futures in Friday were drifting sideways as traders waited on further confirmation that OPEC kingpin Saudi Arabia and its allies...

Chinese buying of marine fuel kept Asian prices elevated this week and the arb is pulling Europe along with it, while tight HSFO availability...

Asian oil markets edged up Friday after the previous session's slump, with gasoil backwardation firming to levels not seen...

Operators in the Gulf of Mexico have started to restore some oil production after Hurricane Helene took the more easterly route...

Crude oil futures were sharply lower following a report that Saudi Arabia was set to sideline its alleged $100/b price target...

Crude fell more than 3% Thursday on reports Saudi Arabia was willing to hike production to recapture market share...

OPEC+ is likely to go ahead with planned production increases from December, according to a Reuters report...