Latest News

Residual fuel prices were under pressure again this week as an uptick in supply continues to weigh on the market, with high supply...

Bunker fuel demand in Singapore soared to a record high in December as prices fell to their lowest levels in six months, monthly data...

Oil prices surged higher Friday as Asian markets woke up to the news of US-led strikes against Houthi militants, with that move having big...

Spain's diesel imports were sharply higher in November as domestic production fell 4% on the year...

US rental firm Hertz is selling around a third of its global electric vehicle (EV) fleet in a move back

The strikes carried out by the US and UK military against Houthi militants in the early hours of Friday lifted oil prices by 2%...

OPEC and its allies, collectively referred to as OPEC+, increased crude oil production by a net 130,000 bpd in December, with Iraq and West African countries...

China's oil product imports surpassed exports in December despite a rebound in crude imports during the month...

A top trade official in China has opened the door to Saudi Aramco for further investment in the country during a meeting on Thursday...

Crude oil futures Thursday were higher on reports of a major shipping incident off the coast of Oman, in which a crude oil tanker was seized...

Benchmark US natural gas prices were holding at close to three-month highs Thursday with a second winter storm of the week...

European diesel and gasoil refiner margins rose for a fourth straight session on Thursday, reaching two-week highs as tensions...

Gasoline stored in the ARA region fell for the sixth straight week to a fresh 25-month low on firm export...

Azerbaijan produced 30.2 million mt of crude oil and natural gas condensates during 2023, down 7.4% on the year as OPEC+ quota allocations...

Vietnam's crude oil and refined product imports picked up during December as fortnightly customs figures published Thursday showed around...

Marine fuel backwardation at the front of the paper curve flattened to its lowest levels since July during trade on Thursday as another week...

An alert issued by the UK Marine Trade Operations (UKMTO) agency Thursday, advising shipping to proceed with around the northeast coast of Oman, took an unusual twist...

Fuel oil stocks were up another 3% in Singapore last week to hit a nine-month high as cargoes loaded to close the marine fuel arb continued...

Norway's upstream regulator has forecast a sharp drop in oil output this year after a big 2023,

Asian crude prices were slightly lower Thursday as global oil markets were rocked after the huge builds in US refined product inventories...