Latest News

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...
6 Dec 2023
Brent futures slumped below $75/b on Wednesday for the first time since the end of June as oil demand...
6 Dec 2023
Crude oil futures Wednesday were again struggling, having hit fresh five-month lows as reverberations from the indecisive OPEC+ meeting...
6 Dec 2023
US gasoline stocks jumped by the most in nine weeks at the end of last month, EIA data showed Wednesday...
6 Dec 2023
US crude oil stocks were down for the first time since September as a draw from commercial inventories was led by higher refinery...
6 Dec 2023
US distillate stocks rose for the second successive week at the end of November...
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