Latest News

14 May 2024
Azerbaijan produced roughly 560,000 bpd of crude oil and natural gas condensates through April, its lowest monthly total in almost...
14 May 2024
Gasoline cracks have dropped to seasonal lows in both Europe and Asia this week as returning regional supply...
14 May 2024
Kuwait has increased its Official Selling Price (OSPs) for its main export grade loading in June, following Saudi Arabia's decision to...
14 May 2024
US tight oil production is expected to reach a six-month high next month as gains in the Permian, Eagle Ford, and Anadarko...
14 May 2024
OPEC and its allies reduced output by over 200,000 bpd largely on Russian cuts, but worryingly for the alliance Iraq continues...
14 May 2024
Australian oil refiner Ampol will start planned maintenance at its 110,000 bpd Lytton refinery in Queensland in July this year, the company...
13 May 2024
Crude oil futures opened the week marginally higher as focus pivots back to macroeconomics, in particular the US and the timetable for rate cuts ahead...
13 May 2024
Crude futures and European product prices started the weekly broadly lower with attention on next month's OPEC...
13 May 2024
Turkish refiner Tupras will start trading renewable feedstocks from next year as part of plans to massively ramp up feedstock sourcing for...
13 May 2024
The gulf between Asian and European prices of low suflur fuel oil continued to widen at the start of the week, hitting fresh highs for the...
13 May 2024
Canada's Suncor has begun startup procedures at its 85,000 bpd Sarnia refinery after planned maintenance...
13 May 2024
A second drone attack has hit Lukoil's 300,000 bpd Volgograd refinery, with a Sunday attack said to have damaged a crude distillation unit...
13 May 2024
The EU has signed off on a new law phasing out the use of fossil-powered trucks and lorries after member states Monday formally adopted...
13 May 2024
Spain's refineries slowed on the month in March, official Cores data showed Monday, but were still higher on the year as output shifted to
13 May 2024
Residents of Canada's Fort McMurray oil hub have been put on standby to evacuate as an "out of control" wildfire threatens the city in...
13 May 2024
Iraq is onboard with extending OPEC+ production cuts beyond the current quarter, clarifying reports from the weekend suggesting that Baghdad...
13 May 2024
Middle East crude opened the week lower as markets caught up with the Brent retreat after Asian markets had closed on Friday...
13 May 2024
International Airlines Group (IAG) expects passenger capacity to rise around 7% in 2024 compared to last year following...
13 May 2024
Money managers appeared to pull back from the crude and refined products markets last week as net positioning showed longs being cut and...
13 May 2024
Nigeria's national oil company NNPC has started production at a new oil field in the Niger Delta...
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