Latest News

2 Oct 2024
East-of-Suez crude prices soared by more than 6% in response to Iran's missile strikes against Israel, with the sharp rally extending...
2 Oct 2024
The seasonal decline in air travel demand accelerated last week in Europe with summer holidays wrapped up...
2 Oct 2024
Crude oil output in the Canadian province of Alberta reached its highest level so far this year in August...
2 Oct 2024
Inventories of light end of the barrel in Fujairah rebounded sharply last week, more than offsetting a steep draw of refinery bottoms to lift...
2 Oct 2024
US crude oil inventories posted a further draw for the week ending 27 September, while product stockpiles were mixed...
2 Oct 2024
Refined oil product inventories in Japan rebounded 3% last week to a three-month high of 63.53 million barrels as local refiners ramped up crude...
1 Oct 2024
Crude oil futures surged higher on the deteriorating geopolitical situation in the Middle East, sparking fears a major expansion in...
1 Oct 2024
Crude and product futures were sharply higher Tuesday on reports Iran was preparing a ballistic missile strike at Israel...
1 Oct 2024
Naphtha cracks hit fresh highs Monday, propelled by strong Chinese demand in the run up to its Golden Week...
1 Oct 2024
A meeting scheduled for Wednesday by members of an OPEC+ technical committee is not expected to make any recommendation...
1 Oct 2024
TotalEnergies will ink a final investment decision (FID) for the GranMorgu development on Block 58 in Suriname for $10.5 billion, the company...
1 Oct 2024
Arbitrage economics for high sulfur fuel oil cargoes continued to point towards the West of Suez as supply cuts in Europe and weaker spot...
1 Oct 2024
HSBC has cut annual oil price forecasts for this year and the next, citing increased OPEC+ supply later this year outpacing sluggish demand...
1 Oct 2024
Taiwan has shut its largest ports, grounded flights and reduced some refinery operations as Super Typhoon Krathon...
1 Oct 2024
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...
1 Oct 2024
ExxonMobil's plans to sell its Nigerian onshore assets to Seplat Energy will receive ministerial approval over the coming days, President Bola...
1 Oct 2024
Ultra-low sulphur diesel (ULSD) loadings at the Baltic port of Primorsk are set to rebound from September's lows...
1 Oct 2024
Sales of new EVs surpassed 96% in Norway in September, latest figures from the Norwegian Road Traffic Information Council (OFV) showed...
1 Oct 2024
India's independent refiners are expected to keep moving large volumes of clean oil products abroad after hitting a multi-month high in...
1 Oct 2024
SCG Chemicals have started operations at its petrochemical site in southern Vietnam, the company announced...
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