Latest News

6 Aug 2024
Brent crude should continue to see a floor at around $75/b despite the recent volatility in the wider financial market as current demand...
6 Aug 2024
Saudi Aramco reported a dip in second quarter profits for 2024 versus the previous year as the energy producer reined in production, while soft...
6 Aug 2024
Middle East crude prices edged up Tuesday although markets broadly remained under pressure, but it did not stop naphtha cracks...
6 Aug 2024
TotalEnergies has agreed to divest its Pakistani assets with the sale of a 50% share in fuel retailer Total Parco to Gunvor.
6 Aug 2024
Idemitsu Kosan saw its refined oil product exports soaring in the first financial quarter of this year amid a faltering recovery in demand in...
6 Aug 2024
Valero has shut a gasoline-producing FCC at its McKee refinery in Texas for a few days of planned maintenance this week
6 Aug 2024
Local authorities in the semi-autonomous region of northern Iraq have launched a clampdown on unlicensed refining operations in a bid to tackle...
6 Aug 2024
Oil production from the 12 core OPEC members increased during July, as Iraq was again was the primary overproducer despite pledging...
5 Aug 2024
Crude oil futures tumbled to 2024 lows as concerns over global economic growth and slowing oil demand growth...
5 Aug 2024
Crude dropped to fresh multi-month lows Monday, adding to steep losses at the back end of last week on concerns...
5 Aug 2024
Global airline capacity is expected to reach 542.9 million seats this month, according to industry association OAG...
5 Aug 2024
North American drilling activity eased last week as producers look to rein in natural gas output in the face of tumbling prices...
5 Aug 2024
Freight rates for shipping clean oil products from the Middle East to Asia slipped further last week amid a product supply overhang in the East...
5 Aug 2024
Middle distillates led the way lower in the refined products market at the start of the week as mounting concerns over the health of the...
5 Aug 2024
Saudi Aramco has increased the Official Selling Price (OSP) for the flagship Arab Light crude loading in September...
5 Aug 2024
Libya's 300,000 bpd Sharara oil field was said to be completely shut Monday after employees received orders...
5 Aug 2024
Middle East crude prices slumped to yearly lows Monday as concerns over demand growth took hold, with the selloff dragging the products...
5 Aug 2024
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) confirmed a fire at an oil well operated by state-owned NNPC...
5 Aug 2024
Water levels on the Rhine have started to fall this week after months of rainy and cool weather gave way to dryer and hotter weather...
5 Aug 2024
Chevron has evacuated non-essential personnel from two of its Gulf of Mexico platforms with Storm Debby expected to hit the Florida coast Monday...
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