Latest News

14 Dec 2023
Japanese utility Kansai Electric Power Group and commodities firm Hartree Partners announced Thursday the...
14 Dec 2023
Firefighters were tackling a blaze at Marathon Petroleum's 593,000 bpd Galveston Bay refinery in Texas
14 Dec 2023
Finland's Neste has scheduled a major turnaround at its 200,000 bpd refinery in Porvoo next spring...
13 Dec 2023
Crude oil futures in European trading hours Wednesday were bouncing around five-month lows after benchmarks tumbled more than 3%....
13 Dec 2023
A bullish US stock report helped lift crude and product prices Wednesday, which came shortly after OPEC...
13 Dec 2023
US distillate fuel stocks rose for a fourth consecutive week to reach a near two-month high last week as net exports,,,
13 Dec 2023
The arbitrage opportunity of shipping fuel oil from Europe to Asia has increased sharply in the past week as strong purchases by...
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...
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