Latest News

11 Sep 2024
Residual fuel stocks in the Middle Eastern storage hub at Fujairah rebounded last week to hit their highest levels since mid-June, with the...
11 Sep 2024
Refined product stocks in EU-16 countries were all higher over the month in July as refineries ran more crude...
11 Sep 2024
Oil drillers along the US Gulf Coast placed operations on ice Wednesday, continuing to evacuate employees from drilling rigs and...
11 Sep 2024
NNPC and Chevron have targeted production from its Nigerian joint ventures to reach 165,000 bpd by the end of the year...
11 Sep 2024
Operators in the Gulf of Mexico have shut in around a quarter of oil and gas production as Hurricane Francine makes its way toward...
11 Sep 2024
US crude oil inventories posted a steeper-than-expected draw for the week ending 6 September, while stockpiles of gasoline...
11 Sep 2024
Refined oil product stocks in Japan continued to recover as higher crude throughput boosted light end and middle distillate inventories, offsetting a...
10 Sep 2024
The EIA has slashed its global oil demand forecast for both 2024 and 2025 on weaker-than-expected Chinese and European data but remained...
10 Sep 2024
Crude oil futures in European morning hours Tuesday were slightly lower as benchmarks struggled to build on early week gains...
10 Sep 2024
ICE Brent crude futures dropped below $70/b Tuesday for the first time in three years as OPEC added to oil demand...
10 Sep 2024
OPEC made further downward revisions to their forecast for global oil demand growth in 2024 on Tuesday, marking the cartel's second...
10 Sep 2024
Oil markets have become increasingly desensitised to geopolitical events with sluggish demand growth and low refining margins...
10 Sep 2024
US natural gas futures steadied Tuesday after Monday's retreat, as speculators weighed the effects of Storm Francine on LNG demand...
10 Sep 2024
Middle East crude markets were again under pressure Tuesday as Dubai posted fresh 2024 lows, but HSFO backwardation steepened amid...
10 Sep 2024
Azerbaijan's crude oil output slipped to its lowest level in over four years last month as crude and condensate slipped 6% on the month to...
10 Sep 2024
China's third batch of clean oil product export quotas this year is said to be small as crude throughput is expected to...
10 Sep 2024
Malaysia's refined oil product output pulled back hard from June's record highs in July, with the Southeast Asian state seeing production...
10 Sep 2024
OPEC and its allies trimmed back production in September as field maintenance in Kazakhstan and political upheaval in Libya...
10 Sep 2024
Mexico's Pemex has been forced to shut at least two secondary units at its Salina Cruz refinery after a fire killed two workers over the weekend...
10 Sep 2024
China's crude oil imports rebounded sharply in August as refiners braced for the peak summer demand season, the latest government data...
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