Latest News

29 Nov 2023
Fund Elliott Investment Management has taken a $1 billion stake in US oil producer and refiner Phillips 66 and is looking to take two board...
29 Nov 2023
US gasoline stocks were overall higher last week as seasonal demand declined, but continued to tighten...
29 Nov 2023
Loading delays on the Black Sea continued into a third day with high winds and big waves threatening to persist through the week...
29 Nov 2023
Asian naphtha cracks continued to rise and were drawing in on a seven-month high during trade on Wednesday as growing delays at the Panama...
29 Nov 2023
Asian crude prices Wednesday were higher for a second session amid growing optimism that OPEC+ will find a compromise in time for...
29 Nov 2023
A 1.7-million-barrel draw from residual fuel inventories in Fujairah led oil product stocks lower last week as tight supply across Asia due to...
29 Nov 2023
India has resumed purchases of Venezuelan crude after the US last month suspended oil sanctions, with volumes set to pick up next month...
29 Nov 2023
Premiums for ULSD diesel barges over underlying futures and their equivalent cargo-sized parcels in the...
29 Nov 2023
Distillates led a decline in Japan's refined product stocks last week, despite higher domestic refinery runs...
29 Nov 2023
Around 61,000 bpd of US Gulf oil supply remains shut-in nearly two weeks after a pipeline leak near the mouth...
29 Nov 2023
South Korea's current plan to boost its liquified natural gas (LNG) infrastructure in reaction to the ongoing war in Ukraine and...
29 Nov 2023
Domestic prices for liquified petroleum gas (LPG) in China are expected to rise in December as poor refining margins...
29 Nov 2023
US crude oil stocks posted a modest decrease for the week ending 24 November, while key refined products showed mixed results...
28 Nov 2023
Crude futures climbed Tuesday on hopes an OPEC+ deal would be reached in time for this week's delayed meeting...
28 Nov 2023
Brent crude oil futures Tuesday were cautiously higher, moving back above the $80/b mark, as traders waited for further news on...
28 Nov 2023
Nigeria's national oil company NNPC expects to start operations at a second domestic refinery...
28 Nov 2023
Disruption in Kazakhstan's oil output persisted for a second day on Tuesday after a violent storm hit the Black Sea region and disrupted loading...
28 Nov 2023
Europe is struggling to attract diesel from the US Gulf amid sky-high transatlantic freight costs, which have risen as a result...
28 Nov 2023
Talks surrounding the upcoming OPEC+ meeting continued Tuesday and while the group, has yet to reach any agreement but market watchers are swaying towards...
28 Nov 2023
TotalEnergies has restarted several units at its Port Arthur refinery after months of planned...
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