Latest News

27 Dec 2023
Fuel oil inventories in Fujairah dropped 1.1 million barrels last week and light end stocks were down 400,000 barrels, while there was a slim...
26 Dec 2023
Crude oil futures Tuesday surged higher, building on the pre-holiday upwards trend amid growing concerns over...
26 Dec 2023
Middle East crude prices Tuesday were slightly lower but benchmark Dubai against Brent, while the products trade...
22 Dec 2023
Crude oil futures in European trading hours Friday were edging higher as markets continued to claw back the $2/b losses recorded...
22 Dec 2023
Crude futures recovered some of the previous day's sharp losses in Friday's short trading window to end the week higher...
22 Dec 2023
Marine fuel cracks and the east-west spread were supported through the week in Asia by trade flow disruptions on the Red Sea, while well...
22 Dec 2023
Norway's Equinor has agreed to sell all of its remaining assets in Azerbaijan to state-owned oil and gas company SOCAR, ending its...
22 Dec 2023
Both gasoline and naphtha came pressure this week – the latter correcting abruptly from recent highs – as Red Sea diversions
22 Dec 2023
Middle East crude prices were comfortably higher over the week as benchmark Dubai finally showed signs of life after a two-month long downturn...
22 Dec 2023
European diesel and gasoil refining margins noted their first weekly gain since late October after heated tensions in the Red...
22 Dec 2023
Middle East crude prices Friday were little changed but consolidating solid weekly gains, while gasoline cargoes were under further...
22 Dec 2023
Crude throughputs at Indian refineries climbed again last month as seasonal maintenance and wound down...
21 Dec 2023
Crude oil futures Thursday were after Angola dramatically announced it was leaving OPEC...
21 Dec 2023
Crude oil futures tumbled over $1/b after Angola announced it was leaving the OPEC producer group, dragging product...
21 Dec 2023
Gasoline stocks held in the ARA port hub fell for a third consecutive week to reach its lowest level in two years on an uptick in...
21 Dec 2023
Crude oil refining in the EU16 rebounded in November from record lows as the autumn maintenance season drew...
21 Dec 2023
Oil and gas executives operating in the southern oil-producing states of the US expect energy prices to increase from current levels...
21 Dec 2023
Angola dramatically announced Thursday that it leaving OPEC after it was unable to resolve a long-standing...
21 Dec 2023
Middle East crude prices Thursday were little changed heading towards year-end as benchmark Dubai consolidated at around three-week...
21 Dec 2023
Italian energy company Eni has sold a minority stake in its gas, electricity and renewable energy spinoff Plenitude valuing the company at...
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