Latest News

Quantum Commodity Intelligence – ...

Saudi Arabia has dramatically cancelled plans to boost its production capacity by another 1 million bpd over the next few years...

Seoul-headquartered oil refining major S-Oil has started producing low-carbon fuels such as sustainable aviation fuel (SAF) and...

Saudi Arabia's energy minister Prince Abdulaziz bin Salman has called for greater "joint efforts" to ensure oil market stability...

Crude futures were higher Monday as tensions in the Middle East ratcheted higher, while diesel cracks...

Italy's Eni has ceased the import of crude oil at its 84,000 bpd Livorno refinery and shut certain production lines...

Crude oil futures Monday hit two-month highs in early trade before easing off after Friday's direct hit on an oil tanker...

Naphtha cracks in Asia hit a 10-month high during trade on Monday, with prices continuing to rally after a tanker carrying the petrochemical...

Russia's oil output is forecast to hit roughly 530 million mt in 2024, equivalent to around 10.6 million bpd, energy minister Nikolay...

Oil and gas output in North Dakota has nearly fully recovered after freezing weather knocked out around...

PetroChina's international business division has signed a strategic cooperation agreement with Chinese local biofuel producer...

North American drilling activity was marginally higher for a second week, with drilling activity showing little change in the early part of the year...

Shell has announced plans to convert a diesel-making hydrocracker at its Wesseling refinery in Germany into a lubricant plant...

India's diesel exports jumped nearly 20% on the year in December, official data showed Monday...

Mexico's state-owned Pemex imported nearly 500,000 bpd of gasoline last month,

Benchmark crude Dubai post fresh 2024 highs for a third consecutive session Monday on the deteriorating security situation in the...

Shell announced this weekend that it had suffered an unplanned outage at its 400,000-bpd...

A drone attack on a 300,000 bpd refinery near the Russian city of Yaroslavl has been stopped without damaging the site, the latest in a series of...

Speculators piled into the long WTI trade in the week to 23 January as freezing weather in the US and falling inventories at Cushing combined...

China's biggest oil refiner Sinopec has hiked jet fuel output from its Shanghai refinery as air travel demand is...