Latest News
23 Aug 2024
Middle East crude prices rebounded Friday amid the broader risk-on sentiment returning to the market, while short-term bullishness in the...
23 Aug 2024
Any bounceback in diesel crackspreads will have to wait for another week, with cracks both east and west of Suez slumping again, with...
23 Aug 2024
OPEC has further updated the timeline for Iraq and Kazakhstan to compensate for overproduction during the first half of the year...
22 Aug 2024
Crude oil futures Thursday finally showed some positive momentum after a week's worth of losses, finding cautious support...
22 Aug 2024
ExxonMobil's French subsidiary Esso warned of flaring at its 140,000 bpd Fos-sur-Mer refinery as it restarted a unit...
22 Aug 2024
Brent crude oil futures were mostly unchanged for a second straight session after a US oil stock draw provided a floor to this week's...
22 Aug 2024
Middle distillate inventories were up almost 1 million barrels in the key Northwest European storage hub at ARA last week, with big...
22 Aug 2024
Falling demand for fuel in Argentina bottomed out to see a recovery in July, with gasoline and gasoil sales on the rise along with a big spike...
22 Aug 2024
The Hi5 spread rally in Asia persisted during Thursday's session as the gap hit its widest level since the spring amid tight short-term...
22 Aug 2024
European natural gas prices rowed back from 2024 highs this week after fears over supply constraints eased, while the EU has...
22 Aug 2024
Middle East crude resumed the month's downward trend Thursday with prices sliding back towards yearly lows, while gasoil prices were...
22 Aug 2024
Proman has bunkered a total of 12,500 mt of methanol over the past year at its production site in Trinidad...
22 Aug 2024
Singaporean oil refiner SRC is set to wind down operations of the crude distillation unit at its 290,000 bpd refinery until...
22 Aug 2024
The drop in Rhine water levels has sped up faster than anticipated, limiting the maximum volume river barges can carry...
22 Aug 2024
Ethylene production in Japan rebounded for the first time in five month on the back of higher domestic...
22 Aug 2024
Orlen Unipetrol has closed the 103,000 bpd Litvinov refinery in the northeast of the Czech Republic after local authorities...
22 Aug 2024
Refined oil product stocks in Singapore rose last week as the outflow of light end products fell sharply on the back of an imminent end to the...
22 Aug 2024
US oil production will reach a fresh annual average record of 13.7 million bpd in 2025, led by further growth from the giant Permian Basin...
22 Aug 2024
US energy services firm Halliburton has reportedly been hit by a cyberattack causing widespread disruptions across the company's network...
21 Aug 2024
Oil futures Wednesday were floundering again, as crude prices extended the bear run that had wiped around $5/b...