Latest News

3 Mar 2025
The new front-line Dubai crude contract opened the month at fresh 2025 lows, while middle distillate cracks were looking weaker...
3 Mar 2025
Brazil's crude oil exports hit a two-year high in January, doubling on the month to hit the equivalent of 2.4 million bpd, according...
3 Mar 2025
Rhone Energies said Sunday it had completed maintenance at its 140,000 bpd Fos-sur-Mer refinery, after bad weather...
3 Mar 2025
Finland has freed an oil tanker suspected of severing a key power cable in the Baltic Sea, but three crew members remain barred from...
3 Mar 2025
A fire broke out at the Ufa oil refinery in Russia's Bashkortostan region early Monday, with authorities citing a technical malfunction...
3 Mar 2025
China's demand for refined oil products this year is expected to slide 2% from 2024 as the retreat of road fuel demand would more than outstrip...
3 Mar 2025
Speculators continued to roll back their bullish positions in the crude oil futures market last week amid rising optimism about a truce for...
3 Mar 2025
US drilling activity increased for a fifth consecutive week, the longest winning streak since May 2022, according to the latest report...
28 Feb 2025
Venezuela was among the top five suppliers of crude oil to US refineries last year, most of which was...
28 Feb 2025
Annual crude oil production set a record in 2024, averaging at 13.22 million bpd, after holding above the 13-million-bpd mark for most of...
28 Feb 2025
Benchmark crude oil futures ended the week sharply lower on Friday as markets weighed the implications of Washington's latest tariffs on...
28 Feb 2025
Crude oil futures Friday were trending lower with the threat of a tariffs-led global trade war dampening sentiment...
28 Feb 2025
Russia's oil giant Lukoil on Friday dismissed reports that two of its employees had been forced to leave Romania...
28 Feb 2025
The European aviation sector will be vulnerable to global oil market uncertainty over the years ahead, according to the region's air traffic...
28 Feb 2025
Crude throughput on the Shell-operated Mars Oil Pipeline Company system recovers in December to a ...
28 Feb 2025
Middle East crude resumed the downward trend over the past week, although benchmark Dubai continued to outpace Brent massively...
28 Feb 2025
Iraq's government said Kurdish oil exports via the Ceyhan pipeline were set to resume...
28 Feb 2025
Blending economics were dealt a fresh blow this week as naphtha's ascent was unmatched by gasoline...
28 Feb 2025
The chemical industry in Europe is facing extinction, Jim Ratcliffe, CEO of INEOS, said in an open letter to European politicians earlier this week, adding that decarbonising Europe by deindustrialisation was 'idiotic'...
28 Feb 2025
Diesel margins fell under pressure in the West of Suez market this week as swelling inventories in the US and warming temperatures helped to...
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