Latest News
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%...
7 Jul 2023
Gasoline retreated this week – led by a decline in Asia – as supply returned after an extensive maintenance period...
7 Jul 2023
The global shipping sector at UN-convened talks on Friday agreed to become 'net-zero' by "around" mid-century...
7 Jul 2023
HSFO cracks hit 14-month highs this week as OPEC output cuts continued to have knock-on effects beyond the...
7 Jul 2023
Benchmark Dubai prices increased by around 3.5% over the week as East of Suez markets showed clear signs of strengthening after Saudi Arabia...
7 Jul 2023
The Democractic Republic of Congo (DRC) has postponed an auction of oil concessions in the key peatland basin...
7 Jul 2023
European diesel cargo refining margins hit a one-week high this week as low water levels on...
7 Jul 2023
Rhine water levels are set to drop further over the weekend and will struggle to rebound for the rest of...
7 Jul 2023
Middle East crude prices maintained the week's positive trend, hitting a two-month high Friday and pulling further...
7 Jul 2023
Refinery capacity in the US increased this year for the first time since 2020...
7 Jul 2023
South Korea has removed import tariffs on naphtha, as well as crude oil for processing to make naphtha...
7 Jul 2023
Energy major Shell has warned investors it expects a big hit to its biggest profit-making unit...
6 Jul 2023
Crude oil futures Thursday were little changed as markets consolidated the slim gains made since Monday's announced cuts from Saudi Arabia and Russia...
6 Jul 2023
Brent crude futures capped earlier losses on a bullish US stock report, which showed larger-than-expected...
6 Jul 2023
The chief executive of TotalEnergies launched a robust defence of the energy giant's greenhouse gas emissions...
6 Jul 2023
US gasoline inventories drained for the first time in five weeks at the end of last month...
6 Jul 2023
US distillate stocks fell 1% to a four-week low in the last week of June as deliveries jumped 15%...