Latest News
26 Feb 2024
The US has sanctioned Russia's biggest tanker fleet operators as it looks to tighten enforcement of a range of measures aimed at restricting...
26 Feb 2024
Phillips66 has restarted a coker at its 264,000 bpd Sweeney refinery after maintenance...
26 Feb 2024
Jet fuel price backwardation in Singapore dropped to the lowest level in four months as...
26 Feb 2024
A jump in European gasoline prices, volatile freight costs a widening contango market structure...
26 Feb 2024
Goldman Sachs said Monday it sees only a modest risk premium despite an escalation in attacks on commercial shipping in the Red Sea...
26 Feb 2024
Middle East oil prices opened the week lower with markets catching up with Brent losses after Asian markets had closed on Monday...
26 Feb 2024
Austrian energy company OMV has signed off on the financing to build two green hydrogen units at its Romanian Petrobrazi oil...
26 Feb 2024
The long-awaited ramp up of Mexico's Olmeca refinery helped push domestic gasoline and diesel output
26 Feb 2024
Bullish positioning in the crude oil market crept higher last week as funds increased speculative long bets on the WTI market...
26 Feb 2024
Qatar has announced the latest development in its rapidly expanding LNG business, maintaining the Gulf state's position...
26 Feb 2024
North American drilling activity increased by a healthy five rigs last week to a seven-month high...
23 Feb 2024
Crude fell Friday to pull Brent futures into a narrow loss for the week, while diesel cracks...
23 Feb 2024
Crude oil futures Friday were sliding lower after a senior Fed official played down the prospects for an early rate cut...
23 Feb 2024
Refining margins continued to slide from their five month high this week as seasonal demand and increasing arrivals hit refining margins...
23 Feb 2024
German chemical giant BASF announced €1.1 billion ($1.2bn) in cost-cutting at its largest production site at Ludwigshafen after Europe, and specifically Germany...
23 Feb 2024
Asian marine fuel prices remained elevated through the week as demand for bunkering in Singapore for vessels avoiding the Red Sea...
23 Feb 2024
Middle East crude oil prices ended little changed over the week, as ongoing tensions in the Middle East and Red Sea shipping disruptions...
23 Feb 2024
Gasoline fell from recent highs this week as arbs weakened and supply was seen returning...
23 Feb 2024
The US government has approved a request from eight midwestern states for year-round sales of E15 gasoline from April 28, 2025 after reports had circulated...
23 Feb 2024
Japan's largest power company JERA bought a 15.1% stake in Woodside Energy's Scarborough gas field and LNG project valued at around $1.4 billion while eyeing...