Latest News

13 Dec 2023
Seasonal gasoline restocking stalled last week as domestic demand hit a four-week high and exports jumped...
13 Dec 2023
Commercially-held crude oil stocks in the US tumbled by over 4 million barrels for a second straight week to hit a one-month...
13 Dec 2023
The EIA has slashed its Brent crude forecast for next year, even with the latest OPEC+ production cuts...
13 Dec 2023
OPEC stuck to its bullish forecast for oil demand on Wednesday, including the first quarter when...
13 Dec 2023
Oil product stocks in Fujairah for the week ending December 11 fell as middle distillate inventory dropped for the first time in five weeks while light-end stocks slid further amid...
13 Dec 2023
Several European oil refineries, including Germany's largest, have started to review their production planning...
13 Dec 2023
Petroineos restarted an unspecified unit at its 150,000 bpd Grangemouth on Wednesday, following maintenance...
13 Dec 2023
Asian crude prices took a massive nosedive Wednesday slumping to fresh five-month lows as the relentless selloff continued, pulling...
13 Dec 2023
Naphtha inventories in Japan fell to a fresh low last week on firm regional demand...
13 Dec 2023
Kuwait has reduced its Official Selling Price (OSPs) for its main export grade loading in January, reflecting the fall in spot premiums...
13 Dec 2023
The US and China will update their long-term plans to cut emissions just four...
13 Dec 2023
COP28 was labelled as "historic", but the UN decision to transition away...
13 Dec 2023
UN nations have agreed for the first time to transition away from fossil fuels in global energy systems, although no individual nation...
12 Dec 2023
Crude oil futures Tuesday were in sharp retreat having failed to consolidate earlier gains, as benchmarks retested last week's five-month lows...
12 Dec 2023
UN climate talks in Dubai ran into overtime on Tuesday and will now almost certainly run until Wednesday, although negotiators...
12 Dec 2023
Crude slumped to a fresh five-month low Tuesday after a soft US inflation reading added to concerns over 2024 demand...
12 Dec 2023
Physical deliveries of low-sulphur gasoil (LSGO) futures in December dropped to just 595 lots at expiry on Tuesday...
12 Dec 2023
Benchmark US natural gas prices were languishing at around six-month lows Tuesday as seasonally mild weather staved off winter heating demand...
12 Dec 2023
South Africa's government has backed a decision by state-owned PetroSA to partner with Russia's Gazprombank...
12 Dec 2023
A tanker carrying biofuel feedstocks allegedly owned by ENI and destined for Italy has been attacked by Houthi militants...
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