Latest News

16 Aug 2023
US crude oil stocks slumped last week to touch their second lowest levels of the year as part of a big draw from...
16 Aug 2023
Distillate stocks nudged higher in the week ending 11 August, EIA data showed Wednesday...
16 Aug 2023
US gasoline inventories fell for the third straight week last week to hit an 11-week low last week...
16 Aug 2023
Middle East crude oil markets further extended the week's losses Wednesday amid growing concerns over China's...
16 Aug 2023
US diesel is being priced out of Europe due to higher freight rates, market sources said Wednesday...
16 Aug 2023
Oil futures in European trading hours Wednesday were drifting sideways as concerns over China's stuttering recovery weighed across financial markets...
16 Aug 2023
The Hi5 spread in Asia was up for a third consecutive session on Wednesday as it touched a five-week high, with rising...
16 Aug 2023
A small build in middle distillate inventories led stock levels in Fujairah higher last week although overall levels remain...
16 Aug 2023
Crude oil exports from Saudi Arabia continued to fall in June this year largely in line with a shrinking output volume...
16 Aug 2023
QatarEnergy's keenly-watched Al Shaheen tender is expected to be awarded at higher levels versus the previous month...
16 Aug 2023
Crude oil output in Angola rose slightly in July to nearly 1.15 million bpd, posing a four consecutive monthly increase...
16 Aug 2023
Indian gasoil demand fell 6% in the first 15 days of August compared to the same period...
16 Aug 2023
European natural gas continued to trade close to six-week highs Wednesday amid uncertainty over the growing...
16 Aug 2023
US oil company Occidental has agreed a full takeover of Canada-based direct air capture firm Carbon Engineering for around $1.1 billion...
16 Aug 2023
Gasoline deliveries in Spain rose for the fifth straight month to hit a record high in...
16 Aug 2023
US crude oil stocks fell by over 6 million barrels in the week ending 11 August, according to a report released late...
15 Aug 2023
Brent crude oil futures at the European close Tuesday were back below $85/b for the fresh time in nearly two...
15 Aug 2023
Brazil's national oil company Petrobras will implement chunky increases to its wholesale road fuel sales prices to meet...
15 Aug 2023
Oil futures were down almost 2% by the close of European trading hours on Tuesday, with prices under downwards pressure as concerns picked up over the health of China's...
15 Aug 2023
Bunkering at the Middle East's vessel refuelling hub at Fujairah hit its highest level of the year in July, with a 9%...
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