Latest News

North American oil drilling activity tumbled sharply the week ending 20 January, registering the largest drop since September 2021...

Crude oil futures Friday were climbing higher,  consolidating a second week of gains as China's reopening and broader demand outlook...

Crude closed the week higher as China's reopening and brighter demand outlook outweighed...

Refining margins of key oil products rose sharply on Friday over fears of future outages at French...

European gasoil refiner margins firmed for a second straight week as French strikes tightened...

Cracks in the marine fuel market continued to creep higher this week, with Asian cargo margins pushing to...

Gasoline and naphtha hit fresh multi-month highs against crude this week as markets...

Russia exported record volumes of crude to India in 1H January, facilitated by vessels supplied from existing and incumbent shipowners...

Norway's crude oil output ticked 1.4% higher in December, with monthly data from the Norwegian Petroleum Directorate...

Pakistan wants to import around a third of its total crude oil requirements from Russia, after the two sides agreed on...

Bunker fuel sold from bonded warehouse in China sunk to the lowest level since the pandemic...

Chinese imports of Russian crude have fallen to the lowest level since before the war while...

ExxonMobil has started a planned turnaround at its 520,000 bpd Baton Rouge refinery in Louisiana

Danish technology company Topsoe has signed a deal to help build China's first dynamic ammonia plant, with the...

Oklahoma City-based shale pioneer Chesapeake Energy Corp announced it is selling a portion of its Eagle Ford operations to WildFire Energy...

Swiss commodities trader Trafigura has set out a roadmap aiming for operational carbon neutrality by 2050, through...

Angola's crude output increased in December, with production jumping almost 4% to touch a three-month high...

 Diesel held in the ARA region hit a 16-month high this week, as restocking gathered pace..

Asian crude markets Friday consolidated a second week of gains ahead of the extended weekend for the Lunar...

Middle East benchmark Dubai crude posted a second week of gains as China's post-Covid reopening continued to outweigh