Latest News

11 Jul 2023
Azerbaijan's crude output slipped to a three-year low last month, with monthly energy ministry data published Tuesday...
11 Jul 2023
Indonesia's coastguard has seized an Iranian-flagged VLCC suspected of illegally transporting oil...
10 Jul 2023
Crude oil futures Monday were lower after US Treasury Secretary Janet Yellen said that a recession for the US was "not completely off the table"...
10 Jul 2023
Crude and oil products shrugged off disappointing economic data from the US and China...
10 Jul 2023
Enoc has signed has signed a long-term condensate supply agreement with QatarEnergy to supply feedstock for its condensate splitter...
10 Jul 2023
Austrian refiner OMV has become the latest oil company to cut its earnings guidance for its products business...
10 Jul 2023
Austria OMV will continue to buy the majority of its natural gas from Russia this coming winter, its CEO...
10 Jul 2023
A delayed oil and gas production deal between Iraq and TotalEnergies has got the green light after two years of...
10 Jul 2023
The Asian Hi5 cargo spread continued its slide on Monday, narrowing to its tightest levels in 21 months with the...
10 Jul 2023
Brazil's refiners continued to increase oil product output in May, with diesel, gasoline and fuel oil output all jumping...
10 Jul 2023
North American drilling activity posted an overall gain for the first time in 10 weeks, led by a surge in gas rigs...
10 Jul 2023
tate-owned Pemex said around 700,000 barrels of oil production was shut-in after a deadly...
10 Jul 2023
Passengers booked on global domestic flights hit a record-high 69.6 million this week...
10 Jul 2023
Traders trimmed short positions in the days leading up to production cuts announced by Saudi Arabia
10 Jul 2023
Middle East crude prices maintained July's strong uptrend and hit a fresh two-month high Monday, while the tight supply...
10 Jul 2023
The US Department of Energy (DOE) announced late Friday that it will purchase a further 6 million barrels of oil for the SPR...
7 Jul 2023
Crude oil futures Friday were higher as benchmarks consolidated at the upper end of the two-month range, as Brent managed to hold above $77/b...
7 Jul 2023
Crude continued to push higher at the end of the week, touching a one-month high during Friday's session as the...
7 Jul 2023
German investment bank Commerzbank has revised downwards its forecast for the Brent crude oil this year and next, as market sentiment will remain bearish...
7 Jul 2023
Diesel demand in India broadly flatlined in June compared to a month earlier, while gasoline demand fell 3%...
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