Latest News

East of Suez crude oil prices were slightly higher during the first week of March having flatlined during the second half of February, as continued...

Spain's Cepsa reported a full-year loss Friday as windfall taxes and the decision to divest most of its upstream...

The sell-off in European diesel cracks stalled this week after a month of falls as European refineries entered the maintenance season and Asian prices flatlined.

BP's greenhouse gas emissions rose around 2% overall in 2023 as start-ups of new projects outnumbered the impact of a smaller carbon footprint...

A power failure has shut multiple units at the West Plant of Valero's 370,000 bpd Corpus Christi refinery...

Barge rates to ship goods along the Rhine River have likely bottomed out this week at levels not seen since mid-2021, with...

Marathon Petroleum has restarted multiple units at both its Galveston Bay refinery in Texas and LA refinery...

Middle East oil prices finished the week on a firm footing as benchmark Dubai printed a 2024 high...

The German economy ministry has extended its trusteeship over Rosneft's German assets for a third time...

OPEC and its allies, collectively referred to as OPEC+, failed to fully implement fresh 2024 production cuts for a second month in February...

Stocks of gasoline and diesel held at commercial sites in China rebounded last week as Chinese refiners are...

Chinese state-owned China National Offshore Oil Company (CNOOC) has unveiled a new oil reserve discovery containing...

Quantum Commodity Intelligence – Brent crude futures dipped on Thursday as investors weighed strong Chinese demand at the start of the year...

Sharp builds in jet and fuel oil helped push ARA stocks higher this week...

Three US fuel retailer associations have written a joint letter to the Environmental Protection Agency calling for an emergency waiver allowing...

Crude oil futures Thursday were slightly lower as benchmarks struggled to consolidated the previous-session's gains...

Saudi Arabia has transferred a third tranche of shares in energy giant Saudi Aramco from state ownership to PIF...

European jet fuel markets slipped into a narrow contango this week for the first time in nine months...

The Department of Energy has issued its latest tender to resupply the Strategic Petroleum Reserve (SPR) as is looks to secure 3 million...

An extension of OPEC+ crude oil output cuts a further six months could see oil...