Latest News

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...
5 Jul 2023
Dubai crude prices were marginally higher Wednesday while holding around the $75/b mark...
5 Jul 2023
The premium for naphtha in Asia is at its widest versus Europe since January, as regional demand...
5 Jul 2023
Saudi Arabia's Energy Minister said Wednesday that the OPEC+ cooperation remains strong, while the alliance will do "whatever necessary" to...
5 Jul 2023
Japan's crude runs rebounded further last week as a heavy seasonal maintenance draws to a close...
4 Jul 2023
Crude oil futures Tuesday were climbing higher as investors weighed up the impact of the latest output cuts announced by Saudi Arabia and Russia...
4 Jul 2023
Crude prices rebounded 2% during a thinly traded session thanks to a US national holiday on Tuesday, with...
4 Jul 2023
Abu Dhabi's Adnoc and Austria's OMV are exploring a multi-billion dollar consolidation of their respective...
4 Jul 2023
Russia's seaborne crude oil exports dropped by 10% in June, registering the lowest levels since February of this year...
4 Jul 2023
OPEC's crude output in June continued to fall as producers trimmed output after announcing an additional round of cuts...
4 Jul 2023
Dubai crude was little changed for a third session, with Monday's announced output cuts so far having little impact on...
4 Jul 2023
Jet's premium over diesel hit a fresh high this week in northwest Europe as summer air travel...
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