Latest News

Traders trimmed bullish bets on Brent crude last week as prices struggled to break through the $80/b mark

North American drilling activity continued to slump moving into the second half of July, posting an 11th loss out of the previous 12 weeks...

Crude oil futures Friday were higher after Beijing raised hopes of introducing further stimulus measures in a bid to recharge its faltering economic recovery...

Crude futures recouped most of the previous day's losses to end the week narrowly higher...

The Hi5 spread slumped to its tightest since December 2020 this week, with high supply of VLSFO and continued tightness...

Norwegian crude oil production recovered to a three-month high last month, while natural gas output...

Ship-to-ship transfers of Russia's Urals oil at sea has all but ground to a halt, according to tanker-tracking data...

Production of gasoline and diesel both recorded counter-seasonal declines last month...

Diesel cracks in Europe rose to a one-month high this week, but started to meet some resistance...

Supply issues have pushed gasoline cracks sharply higher this week, compounding the affects...

Benchmark Dubai prices were marginally lower over the week, but largely consolidating the solid gains since the start of the month...

Poland has filed its appeal with the European Court of Justice to reverse EU legislation agreed earlier this year...

Nigeria's government have tasked its central bank with the immediate distribution of grains...

One of two vacuum distillation units (VDU) is offline at Shell's 404,000 bpd Pernis refinery in Rotterdam...

Middle East crude oil prices consolidated the week's second-half rebound Friday, registering the second highest print since April, while gasoline and diesel cracks...

Ecuador's state-owned oil company has confirmed around 1,200 barrels of crude oil was...

The US has introduced a raft of new sanctions aimed at crimping Russia's ability to expand oil and gas activities...

Crude oil futures Thursday were slightly higher following the previous-session's selloff, although struggled to maintain...

Brent crude dipped back below $80/b on Thursday on expectations US interest rates will stay...

European natural gas prices have rebounded from recent six-week lows as Europe's heatwave...