Latest News

3 May 2023
Iran's Revolutionary Guard has seized a second oil tanker in space of a week from the strategic Strait of Hormuz...
3 May 2023
Residual fuel stocks in Fujairah edged higher last week, with a 3% build leaving inventories just shy of 10 million barrels...
3 May 2023
The spread between Russia's flagship Urals crude and the Middle East Dubai benchmark narrowed by nearly $6/b during April...
3 May 2023
European gasoline has extended recent gains this week, as prompt availability tightens...
3 May 2023
The oil tanker which exploded off the coast of Malaysia earlier this week is set to bring further scrutiny on the so-call 'dark fleet' of tankers...
3 May 2023
Road fuel demand in Spain reached its highest for the month of March since 2018...
3 May 2023
Middle East crude tumbled around $5/b Wednesday, catching up with losses on western benchmarks...
3 May 2023
Finnish energy company Neste is aiming to produce green hydrogen at its 206,000-bpd Porvoo...
3 May 2023
Morgan Stanley has trimmed its outlook for Brent crude this year by 9-14% as...
3 May 2023
OPEC's crude output in April dropped to the lowest level in almost year with Iraq accounting for the lion's share of losses...
2 May 2023
Crude oil futures Tuesday were sharply lower as investors continued to digest bearish data from China released on Sunday, while concerns...
2 May 2023
Crude oil futures hit a six-week low by the cash market close on Tuesday amid poor Chinese economic...
2 May 2023
Output from the core OPEC members during April fell by 190,000bpd as Iraq and Nigeria struggled...
2 May 2023
Global air travel demand is expected to match pre-pandemic levels by the end of July as more flights...
2 May 2023
US refiner Marathon reported a sharp jump in first quarter profits Tuesday on the back of higher margins..
2 May 2023
The International Monetary Fund raised its forecast for Asia-Pacific, with the region's growth will be primarily driven by China's rebound...
2 May 2023
Papua New Guinea's Kumul Petroleum Holdings has further extended the period for an offer made to Australia's Santos...
2 May 2023
Refining margins for high sulfur fuel oil in Asia hit fresh highs on Tuesday, jumping almost $2/b...
2 May 2023
Saudi Aramco's LPG contract prices will stay largely steady near two-year lows through May, with broker figures showing...
2 May 2023
Brazil will begin studying the potential to raise its blend requirement for ethanol in gasoline to 30% from the...
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