Latest News

27 Sep 2024
Crude futures fell Friday to help wipe out all the previous week's gains, with OPEC+ production quotas in focus...
27 Sep 2024
TotalEnergies has signed an agreement with Lewis Energy Group to acquire a 45% stake in its natural gas assets in Texas, the company said in a statement Friday...
27 Sep 2024
Mexico's refined oil product demand retreated from July's two-year highs in August, latest monthly figures from Pemex showed this week...
27 Sep 2024
US natural gas prices consolidated at three-month highs following a second round of offshore production losses this month
27 Sep 2024
Crude oil futures in Friday were drifting sideways as traders waited on further confirmation that OPEC kingpin Saudi Arabia and its allies...
27 Sep 2024
asoline gave back most of its short-lived gains this week as Europe shifted to lower-spec winter grades, while another hurricane
27 Sep 2024
Chinese buying of marine fuel kept Asian prices elevated this week and the arb is pulling Europe along with it, while tight HSFO availability...
27 Sep 2024
Middle East benchmark Dubai crude retreated over the week, after reports that OPEC+ kingpin Saudi Arabia and allies were planning to...
27 Sep 2024
Asian oil markets edged up Friday after the previous session's slump, with gasoil backwardation firming to levels not seen...
27 Sep 2024
The paper curve backwardation for low sulfur diesel in Europe has gotten steeper this week as the autumn refinery maintenance season kicked in...
27 Sep 2024
Citgo was restarting its 177,000 bpd Lemont refinery in Illinois on Friday after a power outage...
27 Sep 2024
Operators in the Gulf of Mexico have started to restore some oil production after Hurricane Helene took the more easterly route...
27 Sep 2024
South Korean oil refiner S-Oil has shut one of the three crude distillation units at its Onsan refinery for possibly a month-long maintenance...
26 Sep 2024
Crude oil futures were sharply lower following a report that Saudi Arabia was set to sideline its alleged $100/b price target...
26 Sep 2024
Crude fell more than 3% Thursday on reports Saudi Arabia was willing to hike production to recapture market share...
26 Sep 2024
A UK court has approved a legal challenge from environmental groups that seeks to overturn a licence...
26 Sep 2024
The Finnish government has submitted a draft act to slash renewable fuel blending targets between 2025-2027 compared to the current program...
26 Sep 2024
OPEC+ is likely to go ahead with planned production increases from December, according to a Reuters report...
26 Sep 2024
Oil product stocks held in the ARA trading hub were relatively flat on the week, as builds in naphtha and fuel oil were counterbalanced by...
26 Sep 2024
Libya's rival factions resumed talks Wednesday in a bid to overcome a political injunction that has paralysed the country's oil production and...
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