Latest News

17 Jan 2024
Fujairah's light end inventories dropped 12% last week as a series of refinery turnarounds in the region weighed on availability, with middle...
17 Jan 2024
An arctic storm continues to cause havoc on the US refining system, with at least one plant fully closed...
17 Jan 2024
Quantum Commodity Intelligence –Asia crude prices were in retreat Wednesday as wider macroeconomic concerns outweighed...
17 Jan 2024
Bunker sales in Panama were up 3% over the month at 392,000 mt as lower prices tempted buyers back to the market, although...
17 Jan 2024
UK energy major BP appointed its interim boss Murray Auchincloss as new Chief Executive on Wednesday...
17 Jan 2024
Kazakhstan's December crude oil and natural gas condensate output touched a six-month high in at 1.83 million bpd in December even as...
17 Jan 2024
A large build of gasoline stockpile during the week ending January 13 pushed the inventory level to...
17 Jan 2024
US output of tight oil in major producing regions will be marginally lower in February, as production flattens out following...
17 Jan 2024
The total crude runs at Chinese refineries continued to slide for the third consecutive month to an 11-month low in December as...
17 Jan 2024
QatarEnergy has issued a sell tender for its keenly-watched Al Shaheen grade, with premiums on the Middle East medium sour crude set to rebound sharply...
16 Jan 2024
Crude oil futures Tuesday were climbing higher as traders eyed developments in the Middle East as Houthi militants renewed attacks on commercial shipping...
16 Jan 2024
European products outpaced crude on Tuesday, led by jet fuel, with east-west arbs sharply higher again…
16 Jan 2024
Benchmark US natural gas futures have slumped around 10% from pre-weekend levels despite much of the country gripped by a winter storm...
16 Jan 2024
A rebound in marine fuel 0.5% sulfur demand for through December helped to lift monthly bunker sales in Fujairah to their highest since August...
16 Jan 2024
Freezing weather has slashed oil and gas production in North Dakota by up to half, the state's pipeline authority said Tuesday...
16 Jan 2024
The price of jet and diesel in Europe relative to Asia has soared in the wake of US-UK military action in the Red Sea...
16 Jan 2024
Shell has indefinitely suspended all shipments through the Red Sea after last week's strikes by the US and UK against Houthi rebels has so far...
16 Jan 2024
Malaysia's diesel output hit an eight-month high in November as refiners sought to take advantage of elevated cracks on show, while gasoline...
16 Jan 2024
Angola's December crude oil output was 7% higher on the month at 34.8 million mt as the country announced it was to leave OPEC...
16 Jan 2024
The Caspian Pipeline Consortium (CPC) wants to handle 70 million mt of Kazakh and Russian crude oil for export during 2024, the group's...
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