Latest News

12 Jun 2023
Goldman Sachs has cut its forecast for Brent crude oil for December 2023 by $9/b to $86/b...
12 Jun 2023
Middle East crude markets opened the week sharply lower, caching up with Brent losses from...
12 Jun 2023
North American drilling activity shrunk for a sixth consecutive week, something not seen since the summer of 2020...
12 Jun 2023
The US Department of Energy has awarded contracts to purchase 3 million barrels of US-produced...
12 Jun 2023
Investors added to net length in crude and diesel last week, spurred by Saudi Arabia's unilateral...
12 Jun 2023
Saudi Arabia and its OPEC+ allies are trying to combat "uncertainties and sentiment" in the oil market by taking proactive measures....
9 Jun 2023
ICE Brent crude ended the day little changed after clawing back steep losses on earlier...
9 Jun 2023
Benchmark European TTF natural gas prices showed the first serious signs Friday the market had finally bottomed out this week...
9 Jun 2023
Crude oil futures in European trading hours Friday were steady and set to end the week little changed, with post-OPEC+ gains...
9 Jun 2023
OPEC+ crude production shrank 670,000 bpd in the first month of expanded voluntary cuts in... 
9 Jun 2023
Distillate stocks in the EU-15 plus Norway climbed for the third straight month in May...
9 Jun 2023
Slowing imports and tightening fundamentals saw European gasoil markets lead the complex higher...
9 Jun 2023
European gasoline cooled this week as the transatlantic window remained difficult to work...
9 Jun 2023
Middle East benchmark Dubai crude prices Friday were higher versus the previous week, as broader economic concerns largely offset...
9 Jun 2023
Middle East crude prices eased slightly Friday, as the Dubai benchmark consolidated in the mid-$70s/b, while diesel cracks maintained...
9 Jun 2023
VLSFO cash differentials fell sharply on the week, with aggressive offers pushing the...
9 Jun 2023
The UK government has introduced a price floor for its 75% windfall tax on oil and gas...
9 Jun 2023
Russian gasoline exports jumped 37% in the first five months of the year compared with...
8 Jun 2023
Crude oil futures in late afternoon London trade Thursday nosedived on reports that that the US and Iran are close to an interim deal...
8 Jun 2023
Direct talks between Robert Malley and Iran's ambassador to the UN have taken place on US soil...
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