Latest News
23 Dec 2024
Middle East crude prices opened the final week of the month slightly firmer, while cracks firmed across the barrel...
23 Dec 2024
Canadian crude shipped to the US via pipeline rebounded from recent lows in October, while record volumes were sent to British Colombia on the new TMX pipeline...
23 Dec 2024
Oil shipments via Russia's Druzhba pipeline have resumed, restoring a critical supply route for Hungary, Slovakia, the Czech Republic...
23 Dec 2024
Qatar has warned it will cease gas exports to the European Union if new corporate due diligence rules result in significant financial...
23 Dec 2024
Speculative net length in crude oil futures rose sharply during the week ending 17 December after the Chinese government said it would...
20 Dec 2024
Crude oil futures were heading lower again during Friday's session and were on course for a 3% loss through the week as attention turned...
20 Dec 2024
Crude eased again Friday with Brent marking its firstly weekly loss in three, as a strong dollar and a subdued outlook for 2025 weighing on sentiment...
20 Dec 2024
Dubai's Department of Petroleum Affairs has set the Official Selling Price (OSP) for Dubai crude loading in March at a $0.05/b premium...
20 Dec 2024
Nigeria's new mega refinery Dangote is running at 85% or around 550,000 bpd, the head of the plant was quoted on Friday....
20 Dec 2024
Middle East benchmark Dubai crude ended the week lower as broader risk-off sentiment neutralised the upside from potentially...
20 Dec 2024
Gasoline's rally ran out of road this week with cracks and timespreads correcting sharply in both Asia and the Atlantic...
20 Dec 2024
Marine fuel and high sulfur fuel oil margins enjoyed some moderate support from a weaker crude complex through the week, although...
20 Dec 2024
China's fuel oil imports surged to 2.55 million mt in November, the highest in seven months, driven by robust demand for marine fuel and...
20 Dec 2024
Norway's crude oil output slipped in November, with monthly government figures published Friday showing production down 2.5% on the...
20 Dec 2024
Global diesel cracks and spreads hit fresh 3-4 week highs this week but are facing headwinds from higher US supply...
20 Dec 2024
Syria's Baniyas oil refinery has ceased operations after the flow of Iranian crude, which historically accounted for 90% of its supply, was...
20 Dec 2024
US President-elect Donald Trump has issued an ultimatum to the European Union, threatening tariffs unless the bloc significantly...
20 Dec 2024
Dubai cash prices were down by slightly less than $1/b on the week as broader demand concerns offset lower OPEC volumes for Q1...
20 Dec 2024
Fresh seasonal highs for jet fuel and gasoline deliveries helped push Italian oil demand in November higher on the year, official...
19 Dec 2024
Crude oil futures Thursday were drifting lower after Federal Reserve officials made their third and final rate cut of 2024 at Wednesday's meeting....