Latest News

Middle East oil prices were higher for a fifth session Tuesday as Singapore traders returned from the extended holiday weekend, while the...

Quantum Commodity Intelligence –Indonesia's state-owned energy major Pertamina will slash the refining capacity at its Balikpapan refinery by...

Mexico's state-owned Pemex has had to shut units at its 190,000 bpd Madero refinery because of a gas leak...

Saudi Arabia's trading entity has made its debut trading benchmark crude grades in the Platts MOC North Sea crude window...

Azerbaijan produced 2.5 million mt of crude oil and 1.6 billion cubic metres of natural gas in January, the country's energy minister said...

Commercial gasoline and diesel stocks in China dropped nearly 2% in the week ending 8 February as demand spiked ahead of the Lunar New...

Crude oil futures Monday were marginally lower as benchmarks eased slightly from the previous session's February highs...

Gasoil and diesel refining margins eased at the start of the week, while backwardation down the curve ticked lower as Brent...

Saudi Arabia Energy Minister Prince Abdulaziz bin Salman said he believes oil demand will remain robust, while highlighting efforts from OPEC to...

Goldman Sachs said Monday that 600,000 bpd of China's forecasted oil demand growth for 2024 is under threat...

Galp's 220,000-bpd Sines refinery is expected to run interrupted this year and will be able to fully capture refining margins...

Consolidation in the US shale industry is set to continue as Diamondback said it would buy Endeavor Energy in a deal worth as much as...

OPEC and its allies, collectively referred to as OPEC+, reduced crude oil production by a net 340,000 bpd in January, but the figure was still a significant miss...

Exxonmobil's 191,000-bpd refinery at Botlek Rotterdam has been closed over the weekend for planned two-month maintenance...

CEOs of two of the biggest energy majors dismissed reports that oil demand...

North American drilling activity was slightly higher for the first full week of February but are little changed since the start of 2024...

Backwardation in Europe's diesel market hit its highest level in three months...

Spanish oil product consumption fell 1.2% in 2023 compared with a year earlier, led...

Speculators' bullishness over the crude oil market pulled back last week as traders slashed long positions and build up fresh shorts amid a...

Asia commentary and pricing are suspended for the Lunar New Year holiday in Singapore. A normal publishing schedule will resume on 13 February...