Latest News

11 Dec 2023
Fitch Ratings has raised its oil price forecast for 2024, making a case that tightening OPEC+ discipline will keep markets in deficit...
11 Dec 2023
Asian crude values increased for a second session as East-of-Suez markets continued to pull away from recent five-month lows Monday, while demand from...
11 Dec 2023
Combined net length on WTI and Brent futures sank to their lowest in more than ten years in the aftermath...
10 Dec 2023
UN negotiators continued to whittle down, or in some cases ramp up, the number...
10 Dec 2023
UN negotiators will very likely in 11 months time be packing their bags to hold two-week long...
8 Dec 2023
Crude oil futures Friday were higher having rebounded from the previous-session's five-month lows...
8 Dec 2023
Brent futures were trading higher Friday, but ended the week sharply lower on concerns over next year's
8 Dec 2023
The US Department of Energy has issued its latest tender to rebuild its Strategic Petroleum Reserve...
8 Dec 2023
OPEC and its allies, referred to as OPEC+, cut crude oil production by 110,000 bpd in November, with Iraq making the largest contribution...
8 Dec 2023
The World Shipping Council has identified four cornerstones needed to deliver the International Maritime Organization's (IMO) target...
8 Dec 2023
A surge in oil and gas earnings helped commodities trader Trafigura book another record year of profits, the company...
8 Dec 2023
A continued influx of diesel from the Middle East and Asia pressured European diesel cargo refining margins to their lowest...
8 Dec 2023
Marine fuel and HSFO flat prices were under pressure through the week and touched multi-month lows amid weakness in the wider...
8 Dec 2023
The return of supply after seasonal maintenance outweighed an uptick in November exports to weigh...
8 Dec 2023
Norway is exploring the option of ammonia production in the Barents Sea to develop the large swaths of natural gas resources...
8 Dec 2023
Middle East crude prices fell sharply during the week as investors remain unconvinced over the latest package cuts announced by OPEC+, while faltering demand growth...
8 Dec 2023
The EU was once again on the back foot at UN climate talks with focus...
8 Dec 2023
The massive 650,000 bpd Dangote refinery in Nigeria is expected to receive its first crude cargo on Friday...
8 Dec 2023
Asian crude prices edged up from the previous session's five-month lows on Friday, while...
8 Dec 2023
Lock-keepers and barge pilots have stopped nearly all barge traffic on the Albert Canal since Monday...
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