Latest News
14 Aug 2024
Oil product inventories in the Middle Eastern storage hub continued to fall last week to touch a 10-month low as a big draw in fuel oil stocks...
13 Aug 2024
Brent crude oil futures slid $1/b in Tuesday afternoon trade, snapping a five-day winning streak amid a reduced risk of...
13 Aug 2024
The California Air Resources Board has proposed to nearly double its 2025 carbon intensity reduction targets for transportation fuel and...
13 Aug 2024
Crude oil futures Tuesday were drifting lower, but benchmarks were still trading at close to the monthly highs registered...
13 Aug 2024
Asian HSFO margins slumped to their lowest levels in three-and-a-half months during trade on Tuesday, with slowing seasonal demand...
13 Aug 2024
Spanish refineries dialled back on crude processing through June, with monthly data from Cores published Tuesday showing 5.04...
13 Aug 2024
A fire which broke out in a pipeline transporting oil from the Libyan Waha oil field to the port of Es Sider has been extinguished...
13 Aug 2024
Asian crude markets were higher for a sixth session as Dubai again played catchup with Brent, while jet fuel east-west arb trade window...
13 Aug 2024
China has completed construction of one of the largest rigs in the world, which will be shipped to Saudi Arabia as part of the expansion...
13 Aug 2024
The global oil market flipped into a deficit this June as the busiest US driving season since Covid more than offset demand...
13 Aug 2024
OPEC and its allies increased output during July as the producer group remained well above its collective target, according to a survey...
13 Aug 2024
The US Department of Energy has tendered to buy another 6 million barrels to top up its depleted Strategic Petroleum Reserve...
12 Aug 2024
Crude rallied for the fifth straight day on Monday, shaking off any recessionary...
12 Aug 2024
North American drilling activity edged up last week as producers added to the oil count...
12 Aug 2024
Distillate cracks continued to struggle as they slipped to a fresh two-month low...
12 Aug 2024
rude oil continued to rally into a fifth session at the start of the week as US recession fears waned and focus shifted back to Middle East...
12 Aug 2024
Asian gasoil margins were back on the slide at the start of the week as paper margins slipped to their lowest levels since May amid a big...
12 Aug 2024
Shell's 400,000 bpd Pernis refinery near Rotterdam has been forced to restart its gasoline-making fluid catalytic cracker (FCC)....
12 Aug 2024
OPEC has trimmed its forecast for 2024 oil demand on the back of weaker...
12 Aug 2024
The pace at which Rhine water levels are falling sped up over the past week, further restricting the maximum load river barge...