Latest News

2 Feb 2024
US energy major Chevron joined rival Exxon in beating estimates Friday on record fourth-quarter output...
2 Feb 2024
Marine fuel oil prices in Asia and Europe diverged this week, with European prices relative to crude nudging higher again to...
2 Feb 2024
Crude oil futures Friday were heading lower after initially consolidating at the weaker levels following the previous-session's slump...
2 Feb 2024
Diesel cracks rose down the curve over the course of the week as crude was stable...
2 Feb 2024
US energy major ExxonMobil's fourth-quarter earnings came in higher than expected Friday on stronger-than-anticipated growth
2 Feb 2024
Gasoline extended its premium over naphtha this week with supply seen tightening into the summer blending season...
2 Feb 2024
Middle East crude retreated sharply during the second half of the week as economic headwinds and talk of a possible Middle East ceasefire...
2 Feb 2024
Quantum Commodity Intelligence – Asian crude prices were lower Friday on reports...
2 Feb 2024
BP was restarting its 435,000 bpd Whiting refinery in Indiana Friday after a power outage...
2 Feb 2024
The number of oil tankers and LNG carriers transiting through the Red Sea declined sharply in December...
1 Feb 2024
Crude oil futures slumped sharply in a late Thursday trading on reports that Israel was close to reaching a deal with Hamas...
1 Feb 2024
Brent crude futures retreated for the second day with OPEC production back in focus, while diesel held...
1 Feb 2024
Brazil's offshore crude oil production continued to hit fresh highs, with development of the country's deep water yield 111.1 million barrels...
1 Feb 2024
Profits made by Shell's natural gas and LNG unit may face a slowdown at the start of this year after east-west arbs have closed and...
1 Feb 2024
Shipping disruptions on the Red Sea are exacerbating long-running trends in the oil refining and shipping businesses, with prices...
1 Feb 2024
Diesel/gasoil stocks in the ARA region rose last week as importers rushed to fill tanks ahead...
1 Feb 2024
Oil product exports from the Russian ports of and Primorsk and Tuapse are set to decline sharply this month...
1 Feb 2024
Asian crude prices were lower Thursday, although Dubai registered a relatively solid start to the month in gaining versus Brent, while east-west...
1 Feb 2024
Production from core OPEC members dropped by more than 400,000 bpd in January as producers implemented the latest round of cuts...
1 Feb 2024
Losses at Austria's OMV beleaguered chemicals division swelled to €77 million in the fourth quarter from €36 million...
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