Latest News

Saudi crude exports slipped to a five-month low in the run up to supply cuts announced in April...

Benchmark Dubai crude prices Monday surged to a two-week high to move above Brent, while naphtha margins...

Investors turned net long ICE gasoil futures last week for the first time in two months on signs...

Crude oil futures Friday were were higher, as markets consolidated narrow weekly gains as optimism over China...

European gasoil and diesel markets firmed for a fifth straight week as stocks continued to tighten...

Crude consolidated recent gains in Friday trade, ending the week flat as improved sentiment...

The HSFO east-west continued slumped to an eight-month low this week on the back of tight European supply...

Iran has significantly ramped up crude oil exports this year and international sales are now running at levels not seen since 2018...

Gasoline moved sideways this week in Europe but the outlook brightened on improved demand...

Bunker fuel sales in Panama climbed 6% from April's lows through May, hitting 406,355 mt as HSFO demand...

Shell has closed its remaining crude distillation unit (CDU) at the 400,000 bpd Pernis refinery...

Petroineos has begun unspecified planned work at its 150,000 bpd refinery in Grangemouth...

Middle East benchmark Dubai crude prices Friday were little changed on the week, as support from China helped prices rebounded from lows...

Middle East crude rebounded strongly on Friday following the global trend, although Dubai was again the best...

UK offshore contractors will resume strike action next week after wage offers were rejected...

Refined product output slipped 2% from April to around 16mn bpd last month...

Crude oil futures Thursday were sharply higher as positive data and news from China more than reversed the previous session's late selloff...

Crude firmed on the back of strong China refinery data and a cut in the country's interest rates...

South Korea's crude oil imports recovered in May, with 11.6 million mt arriving through the month as a drop in...

Bunker fuel sales in Fujairah rose 4% to a four-month high in May, with a jump in VLSFO sales leading the way...