Latest News

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...
5 Jul 2023
Crude prices pushed higher on Wednesday as Saudi Arabia's energy minister vowed to do 'whatever necessary'...
5 Jul 2023
OPEC has invited Azerbaijan to become a permanent member of the oil-producing bloc..
5 Jul 2023
US independent PBF Energy has shut an unspecified unit at its 160,000 bpd refinery in California...
5 Jul 2023
Iran attempted to seize two oil tankers near the strategic Strait of Hormuz early Wednesday, the latest in a series of tanker-related incidents...
5 Jul 2023
There is further downside in store for crude prices as market attention shifts towards stock builds next year...
5 Jul 2023
A unit at Germany's 120,000-bpd Neustadt refinery has been shut down after a fire broke out Tuesday...
5 Jul 2023
Oil markets will start tightening in the second half of the year, according to Energy Aspects, highlighting backwardation in the Dubai crude benchmark...
5 Jul 2023
Fuel oil stocks in the Middle Eastern bunkering hub of Fujairah continued to recover last week, touching a four-week...
5 Jul 2023
Chemical giant Ineos has acquired TotalEnergies' 50% stake in its Lavera petrochemical assets in southern France...
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