Latest News

4 Jan 2024
Losses on European products outpaced crude on Thursday after the latest US stock report showed a steep decline...
4 Jan 2024
China has regained top spot as the world's largest importer of LNG, overtaking Japan and despite European buyers emerging...
4 Jan 2024
US crude oil inventories fell to their lowest levels since October as rising refinery throughput, slowing net imports and a slight drop in...
4 Jan 2024
US distillate fuel stocks at the end of 2023 jumped to their highest since early January as domestic demand tumbled during the...
4 Jan 2024
US gasoline stocks swelled by 10.9 million barrels last week – its most for any seven-day period since 1993...
4 Jan 2024
Oil exports via Caspian Pipeline Consortium (CPC) infrastructure to the Black Sea were up 8% on the year despite a series of shutdowns, with 63.5...
4 Jan 2024
Kuwait's Al Zour refinery has issued its first sell tender for marine fuel 0.5% sulfur in more than three months, with prices in Asia coming...
4 Jan 2024
Guyana is set to invite companies in the coming week to bid for project proposals to develop and monetize the country's natural...
4 Jan 2024
Adnoc has reduced the Official Selling Prices (OSPs) for February-loading crude, with its flagship Murban grade set at...
4 Jan 2024
All but one of Japan's oil terminals have restarted loadings after a deadly earthquake on 1 January...
4 Jan 2024
Benchmark Dubai crude prices surged 3.5% Thursday, comfortably recovering the previous session's losses, while gasoline cracks continued...
4 Jan 2024
Marine fuel oil stocks at the world's biggest bunkering hub rose for the second consecutive week to hit the highest level in...
4 Jan 2024
US crude oil stocks posted a steeper-than-expected draw the week ending 29 December, while refined products registered sharp builds...
4 Jan 2024
Brokerage RJ O'Brien Mena Capital has been hit with fines by Dubai's regulatory authority and the ICE futures exchange over breaches of...
4 Jan 2024
China's economic planning body raised domestic price ceilings for gasoline and diesel for the first time since mid-September last year as...
3 Jan 2024
Crude Wednesday were sharply higher as reports that the latest wave of protests in Libya had shut-in production...
3 Jan 2024
Brent crude oil futures surged nearly 3% on Wednesday as protests in Libya shut in its largest oil field, with broader...
3 Jan 2024
The price difference between high sulfur fuel oil cargoes in Europe and Asia has continued to edge higher at the start of the year, with...
3 Jan 2024
Protestors in southern Libya have reportedly shut in one of the country's largest oilfields on Wednesday as they demand...
3 Jan 2024
The US Department of Energy (DOE) has tendered for a total of 3 million barrels of crude oil as part of its Strategic Petroleum Reserve (SPR)...
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