Latest News

12 Oct 2023
The US has imposed sanctions on two shipping companies for breaches of the price cap imposed on Russia oil sales...
12 Oct 2023
US gasoline stocks recorded a surprise draw last week, as exports hit a 2023-high and demand...
12 Oct 2023
Saudi Arabia's energy minister Prince Abdulaziz bin Salman has said the Kingdom's voluntary crude output reduction will continue for as long as it is necessary
12 Oct 2023
OPEC trimmed its expectations for a supply shortfall this year and next on higher crude...
12 Oct 2023
Asian crude oil prices Thursday were lower for a second session as East of Suez markets continued to pull back from the highs earlier in the...
12 Oct 2023
The International Energy Agency stands ready to keep oil markets adequately supplied if...
12 Oct 2023
Oil product stocks fell across the barrel in Singapore last week as a big fall in residual fuel inventories led the way lower to leave...
12 Oct 2023
The EIA sees sharply higher crude prices next year on tightening supplies...
12 Oct 2023
pan's product stocks fell last week led by declines in light ends...
12 Oct 2023
South Korean power generator Korea Midland Power Co (Komipo) is bidding for a long-term supply of liquified natural gas (LNG) for its...
12 Oct 2023
US crude oil stocks posted an unexpectedly steep rise for the week ending 6 October...
12 Oct 2023
Privately owned Chinese refiner Hengli Petrochemical has won a licence to supply bunkers fuel in the country's largest ship fuelling hub through...
12 Oct 2023
Saudi Aramco is in the process of finalising an equity investment in a top independent refiner based in...
11 Oct 2023
Crude oil futures in European trading hours Wednesday were lower for a second session...
11 Oct 2023
Crude futures and European product prices fell on Wednesday as fears the Hamas-led attack...
11 Oct 2023
Global oil demand continues to grow in the EIA's annual World Energy Outlook...
11 Oct 2023
Kuwait has left its Official Selling Price (OSPs) for its main export grade loading in November unchanged...
11 Oct 2023
President Vladimir Putin said Wednesday that Russia will continue its cooperation with other oil producers as part of the OPEC+ alliance...
11 Oct 2023
Israel's Oil Refineries Limited (ORL) has reportedly rescheduled a 30-day planned maintenance...
11 Oct 2023
ExxonMobil has agreed to buy Pioneer Natural Resources in a $59.5 billion deal that will boost the company's presence in the US shale...
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