Latest News

29 Aug 2024
Iraq is set to undertake its first serious attempt of the year to get to grips with the chronic overproduction that has led it into conflict with...
29 Aug 2024
Turkey's crude oil arrivals slipped 11% on the month in July to a six-month low of 616,000 bpd as elevated crude prices and weaker cracks...
29 Aug 2024
A salvage operation is expected to get underway in a bid to avert a major environmental disaster in the Red Sea...
29 Aug 2024
Middle East crude prices were in retreat again Thursday while Dubai also lost ground against Brent heading into the expiry, while gasoline...
29 Aug 2024
China's state-backed petrochemical cracker Tianjin Bohai Chemical Industry Group has restarted its 600,000 mt per annum propane dehydrogenation plant this week after...
29 Aug 2024
Russia has banned public reporting on industrial output of refined oil products by its statistics ministry, further limiting information...
29 Aug 2024
Lower fuel oil stocks in Singapore continued to weigh on the overall stock availability last week, despite large cargo inflows incentivised by...
29 Aug 2024
Oil production from Libya was under further strain in the second half of the week with more production set to go offline as the row...
29 Aug 2024
Qatar is in discussions with Germany authorities over the possible acquisition of Rosneft's stake in the Schwedt refinery, which was placed...
28 Aug 2024
Banle Energy International has now expanded its global port coverage to over 60 ports in 14 countries as the company prepares to captilise...
28 Aug 2024
Brent crude oil futures slipped for a second straight day amid renewed worries about the global economy and a...
28 Aug 2024
Crude oil futures Wednesday were in retreat, with markets so far this week torn between conflicting pricing signals....
28 Aug 2024
US gasoline stocks hit a nine-month low last week as output hit a six-week low while demand picked back up at the end of the summer...
28 Aug 2024
US commercial crude oil stocks extended the summer trend of lower stockpiles, posting an eighth draw in the last nine weeks...
28 Aug 2024
US distillate inventories continued to rise last week as refinery run rates hit a two-month high, with stocks of jet fuel hitting a 14-year high...
28 Aug 2024
The trading arm of French energy giant TotalEnergies has been hit with a $48 million charge by US regulators to settle a case...
28 Aug 2024
A yawning east-west spread in the marine fuel market continued to widen during Wednesday's session, with rallying prices in Singapore...
28 Aug 2024
Socar will shut its STAR refinery on Turkey's west coast for up to two months for maintenance work amid falling refined product margins...
28 Aug 2024
Profits at oil trader Gunvor slipped 48% in the first half of the year as oil market volatility waned, with trade adapting to geopolitical...
28 Aug 2024
ExxonMobil is looking to divest some of its conventional oil and gas fields in the Permian Basin, with the sales potentially raising...
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