Latest News

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%...
6 Jul 2023
US crude oil stocks surprised with a bigger-than-expected draw in commercial inventories last week...
6 Jul 2023
Diesel held in the ARA region dropped below 2 million mt this week for the first time since December..
6 Jul 2023
Notional gasoline margins have slumped this week – led six-month lows in Asia...
6 Jul 2023
Big import volumes helped to lift Singapore's residual fuel stocks again last week, while demand for gasoline across the...
6 Jul 2023
Saudi Aramco has increased premiums on Official Selling Prices (OSPs) for August-loading crude to Asia, after extending output cuts for another month...
6 Jul 2023
UK gasoline demand hit a 23-month high during June, preliminary government data showed...
6 Jul 2023
Domestic demand of gasoline in Nigeria has fallen 28% in June after the government slashed generous...
6 Jul 2023
US energy giant ExxonMobil expects second-quarter profits to slide around $4 billion compared to the first quarter...
6 Jul 2023
Middle East crude prices maintained a steady uptrend Thursday as Dubai reached two-week highs, while...
6 Jul 2023
The UAE's crude production capacity has rocketed to 4.5 million bpd as Adnoc's rapid expansion lifts output towards its 5 million bpd target...
6 Jul 2023
Kuwait's state-owned KPC has brought the final phase of its giant Al-Zour refinery on line...
5 Jul 2023
Crude oil futures Wednesday nudged higher, although prices continued to see-saw as markets again faced conflicting signals...
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