Latest News

1 Jul 2024
North American drilling activity retreated to fresh 2.5-year lows with oil rigs leading the losses for a fourth week...
1 Jul 2024
TotalEnergies was forced to shut a crude unit at its troubled Port Arthur refinery in Texas at the end...
1 Jul 2024
Middle East crude markets opened the new month higher as Dubai consolidated at the top end of the two-month trading range, while middle...
1 Jul 2024
Oil output in the Canadian province of Alberta fell sharply over the month in May, official data showed Monday...
1 Jul 2024
Spanish gasoline demand hit a fresh 17-year high at the start of Europe's driving season while diesel demand rose 3% on the...
1 Jul 2024
Beijing has set up a new entity to explore deep oil and gas reserves that have the potential to reshape the...
1 Jul 2024
Russia has extended an exemption to its gasoline export ban for another month, officials were quoted over the weekend...
1 Jul 2024
A fire was extinguished at Kuwait Petroleum Corporation (KPC) 's massive Al Zour refinery on Saturday...
1 Jul 2024
Money managers raised their speculative net long positions across crude, gasoil and gasoline futures last week as geopolitical tensions in the...
28 Jun 2024
US crude production rose more than expected in April, EIA data showed Friday...
28 Jun 2024
Crude and product futures were higher Friday, narrowly recording a third straight week of gains...
28 Jun 2024
Marine fuel prices tracked the rally in crude through the week and pressed higher while HSFO moved sideways as the worst of the...
28 Jun 2024
Crude oil futures Friday surrendered earlier gains having initially topped two-month highs, although geopolitical tensions and...
28 Jun 2024
Energy major TotalEnergies has signed an agreement to sell its entire West of Shetland portfolio to the UK-based independent Prax Group...
28 Jun 2024
Gasoline rebounded further from June's seasonal lows this week as the TA arb jumped into gear, but struggled to hold on to gains...
28 Jun 2024
The average price for Middle East Dubai crude was lower for the second consecutive month, although markets staged a strong recovery...
28 Jun 2024
Benchmark Dubai closed out June at fresh two-month highs on broader risk-on sentiment, a move that dragged refined product flat prices...
28 Jun 2024
Below is a list of monthly averages for key Quantum refined oil product spot physical assessments...
28 Jun 2024
Slower fuel oil and naphtha output led the way as Brazil's refined products output and crude throughput continued to trend downward...
28 Jun 2024
A low-pressure weather system currently making its way across the Atlantic is set to be upgraded to Storm Beryl, the US National Hurricane...
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