Latest News
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...
8 Dec 2023
UAE state-owned renewable energy company Masdar and Austrian energy company OMV have signed an agreement to...
7 Dec 2023
Crude futures and refined products markets moved sideways on the whole Thursday
7 Dec 2023
Gasoline stored in the ARA region recorded another unseasonably large draw this week...
7 Dec 2023
A sample of UK fuel sales indicate a rebound in demand for both gasoline and diesel on the month in November...
7 Dec 2023
Australian oil and gas producers Woodside Petroleum and Santos are in discussions over a merger reported to be in the region of...
7 Dec 2023
Brazil overtook Turkey as the largest buyer of Russian diesel last month, snapping...
7 Dec 2023
Singapore's light end stocks were up 2% over the week even as trade data showed another week of net exports of gasoline, while fuel oil stocks...
7 Dec 2023
Indian refined product demand fell last month as diesel consumption slowed on the year, official data showed Thursday...
7 Dec 2023
Crude oil futures were moving higher on Thursday as prices found a support level after slumping to five-month lows in the previous session...
7 Dec 2023
Production from core OPEC members dropped in November, as Iraq and Nigeria saw lower levels as major Gulf producers stuck to quotas...
7 Dec 2023
Asian crude prices slumped to five-month lows Thursday as a week-long relentless selloff continued, a move that has dragged products...
7 Dec 2023
Belgian shipowner Euronav NV has exercised its option to buy a third very large crude carrier (VLCC) from Chinese...
7 Dec 2023
US majors ExxonMobil and Chevron announced new spending plans this week, flush with cash from record earnings...
7 Dec 2023
China's oil demand is expected to peak by the end of this decade, according to the latest estimate from an in-house think tank...
7 Dec 2023
China's crude oil imports continued to fall in November to hit the lowest level in four months as...