Latest News

22 Apr 2024
Oil producer Galp has made a significant oil discovery offshore in Namibia's Orange Basin, with the company saying it is hopeful the structure...
22 Apr 2024
Speculative bullishness around the Brent and WTI crude contracts diverged last week as money managers were seen to continue piling into...
19 Apr 2024
Quantum Commodity Intelligence – Crude and European product futures ended the day broadly flat and the week lower as early gains Friday...
19 Apr 2024
Europe and Asia's diesel market slipped into contango this week for the first time...
19 Apr 2024
Crude oil futures Friday were slightly lower as markets shrugged off Israel's strike against Iran, slumping around $4/b from the initial price surge...
19 Apr 2024
Gasoline hit a ceiling this week in northwest Europe with transatlantic arbs buckling under the weight of increased volumes...
19 Apr 2024
Residual fuel prices continued to see strong performance this week, with a rally in Asian HSFO prices leading the way as falling crude prices...
19 Apr 2024
East-of-Suez crude oil were lower over the week as markets gave back the gains posted during the first half April...
19 Apr 2024
Middle East crude prices were marginally higher Friday as oil markets largely shrugged off Israel's retaliatory strike against Iran, while the wider...
19 Apr 2024
Goldman Sachs nudged its outlook for Brent crude higher on Friday and said prices were likely
19 Apr 2024
Norway's oil output continued to climb through March and pushed back above the 1.8 million bpd mark, while natural gas production...
19 Apr 2024
US refiner Delek has started work on a gasoline-producing fluid catalytic converter (FCC) at its 73,000 bpd Big Spring refinery in Texas...
19 Apr 2024
QatarEnergy has awarded its monthly Al Shaheen tender for June at the highest premiums in six months, with medium sour grades attracting interest...
18 Apr 2024
rude oil futures Thursday were little changed as benchmarks consolidated at lower levels following the previous session's selloff...
18 Apr 2024
Crude futures extended losses on Thursday as Middle East supply risk fades, while European diesel...
18 Apr 2024
Gasoline held in the ARA recorded its steepest decline in about six months this week on higher transatlantic exports...
18 Apr 2024
Kuwait has slightly increased its Official Selling Price (OSPs) for its main export grade loading in May...
18 Apr 2024
The selloff in the Asian gasoil market amid significant oversupply has shown no sign of slowing down, with the front of the paper...
18 Apr 2024
Kazakhstan and Azerbaijan are in negotiations over the possible export of up to 5 million mt per year of crude via Baku to the Black Sea...
18 Apr 2024
An early Easter and the shift to summer schedules for many airlines saw a sharp uplift in the number of European flights...
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