Latest News
15 May 2024
Bunker fuel demand in Fujairah slipped through April as consumption of low sulfur fuel oil fell, with monthly figures from the Fujairah Oil...
15 May 2024
East of Suez crude prices Wednesday were slightly lower as weak refining margins again weighed on Q3 demand outlook, while an oversupplied...
15 May 2024
The International Energy Agency (IEA) trimmed its forecast for 2024 oil demand growth for the second month...
15 May 2024
The CEO of Brazil's Petrobras, Jean Paul Prattes, has decided to step down, the state-ran energy giant said in a statement...
15 May 2024
ExxonMobil is restarting its 250,000 bpd Joliet refinery in Illinois after wrapping up scheduled maintenance that started in late March...
15 May 2024
US refiner CVR Energy has restarted multiple units at its 74,500 bpd Wynnewood refinery in Oklahoma...
15 May 2024
A big draw in light end stocks in the Middle Eastern bunkering hub of Fujairah last week saw availability of refined products drop in the...
15 May 2024
Quantum Commodity Intelligence – A growing gasoil inventory level in Japan underpinned by the short-term supply glut in the Asia Pacific region continued to...
15 May 2024
Several oil producers in Canada are pushing for the recently opened Trans Mountain Expansion (TMX) pipeline to tighten up on...
15 May 2024
US crude oil inventories posted an unexpected draw for the week ending 10 May, while gasoline stockpiles also eased...
14 May 2024
rude oil futures Tuesday were sliding lower as oil markets failed to react to another upbeat demand outlook from OPEC, instead focusing on...
14 May 2024
Crude futures fell Tuesday as a bullish OPEC reading for oil demand was balanced against more production misses...
14 May 2024
Asian naphtha margins continued to fall on Tuesday to hit a one-month low amid a series of scheduled turnarounds at crackers and...
14 May 2024
Profits fell more than expected at Brazil's Petrobras in the first quarter, the state-ran company reported Tuesday
14 May 2024
Demand for bunker fuels in Singapore slumped almost 5% in April as bunker calls at the world's biggest hub fell through the month, with...
14 May 2024
US natural gas output from onshore shale basins will decline further for the balance of Q2 as producers continue to trim production...
14 May 2024
The share of battery electric vehicle (BEV) sales in the US declined in the three months to March for the first time in...
14 May 2024
QatarEnergy has issued a sell tender for its keenly-watched Al Shaheen grade, with premiums for the Middle East medium sour crude expected to ease...
14 May 2024
East of Suez crude prices were steady Tuesday with markets generally lacking direction in the early stages of the week, but the downward...
14 May 2024
OPEC has stuck with its upbeat outlook on 2024 demand, seeing growth at 2.25 million bpd for this year and another...