Latest News

6 Feb 2024
BP's Whiting refinery still shut after power loss, cause unknown
6 Feb 2024
Logistical challenges caused by security risks on the Red Sea are driving demand for vessel bunkering in other parts of the Middle East...
6 Feb 2024
India will raise its domestic refinery capacity to around 9 million bpd by the end of the decade...
6 Feb 2024
TotalEnergies has restarted all but one production unit at its 238,000 bpd refinery in Port Arthur refinery in Texas nearly...
6 Feb 2024
BP will adopt a pragmatic approach to its investment decisions with regards to the energy transition...
6 Feb 2024
Quantum Commodity Intelligence – East-of-Suez oil prices posted gains for the first time in nearly a week as refiners welcomed Saudi's latest OSP release, and...
6 Feb 2024
TotalEnergies made another oil discovery offshore Namibia although further drilling will be required to ascertain if the find is commercially viable...
6 Feb 2024
Global oil markets will flip into a supply deficit by the end of 2025 as replacement barrels lag behind firming demand...
6 Feb 2024
Quantum Commodity Intelligence – The biggest oil refining and petrochemical complex in Malaysia has been shut due to...
5 Feb 2024
Crude oil futures Monday were climbing higher, recovering slightly after heavy losses from the previous week as investors wait for...
5 Feb 2024
Quantum Commodity Intelligence – Brent crude futures dipped in a flat opening session Monday, while product cracks ticked higher, led by gasoline
5 Feb 2024
Saudi Aramco has left its OSP for the flagship Arab Light crude for March loading unchanged for customers in Asia...
5 Feb 2024
Firm Middle East and Latin America demand helped pull more gasoline out of Europe last month...
5 Feb 2024
Quantum Commodity Intelligence –  The UAE will likely meet it target capacity of 5 million bpd with investments of $150 billion...
5 Feb 2024
Brazil's domestic crude processing fell for a third month in a row in December, easing off another 0.4% from November to 1.97 million bpd...
5 Feb 2024
Taiwanese shipping company Evergreen Marine has penned a deal with the world's largest independent common container carrier...
5 Feb 2024
Azerbaijan's 2024 oil output is set to continue its downward trend through 2024, falling 3% on the year to 29.5 million mt, the energy ministry...
5 Feb 2024
Polish tax authorities said Monday its domestic energy company Orlen sold parts of the Lotos Group...
5 Feb 2024
Middle East oil prices opened the week lower as markets caught up with Brent losses after Asian markets had closed on Friday, with those...
5 Feb 2024
The spread between European and Asian LNG prices is likely to remain relatively narrow for the remainder of Q1 although Asian markets should...
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