Latest News

19 Dec 2024
Crude and European product prices fell Thursday as the US Federal Reserve dialled back expectations of rate cuts next year...
19 Dec 2024
Israel launched airstrikes on Yemeni energy infrastructure early 19 December, targeting ports and power stations in response to Houthi...
19 Dec 2024
ARA gasoline inventories hit a new high this week, although the pace of seasonal stock building slowed...
19 Dec 2024
China's oil demand will peak at 800 million mt annually by 2027, state-owned refiner Sinopec said Thursday, underscoring the rapid...
19 Dec 2024
Industry body Eurocontol sees air travel demand growing by more than half out to 2050 in its latest long term forecast released Thursday...
19 Dec 2024
Nigerian officials have approved the sale of Shell's onshore assets to local company Renaissance in a deal worth up to $1.3 billion deal...
19 Dec 2024
Record jet demand and modest growth in road fuel deliveries helped push UK oil demand higher in October...
19 Dec 2024
The European auto sector saw another contraction last month with sales 2% lower than a year earlier, despite growing demand for hybrids...
19 Dec 2024
Middle East crude markets eased Thursday following the broader selloff in oil benchmarks, while gasoil margins continued to firm...
19 Dec 2024
QatarEnergy has awarded its monthly Al Shaheen tender for February 2025 at slightly higher premiums versus the previous month...
19 Dec 2024
A Ukrainian drone strike ignited a fire at the Novoshakhtinsk oil refinery in Russia's Rostov region overnight, Ukrainian officials said...
19 Dec 2024
North Dakota's oil output dropped to a three month low in October and was down sharply on the year as the impact from this year's wildfires peaked.
18 Dec 2024
Crude and European product prices clawed back the week's earlier losses helped by lower US crude and distillate stocks...
18 Dec 2024
Gasoline stocks were marked 0.6% higher on the week at 11.6 million barrels and are running 8% ahead of where they were a year ago...
18 Dec 2024
Crude oil futures were higher as benchmarks recovered from the week's lows ahead of the US rate decision...
18 Dec 2024
The US government's Environmental Protection Agency (EPA) on Wednesday approved California's plan to phase out gasoline-only car...
18 Dec 2024
US commercial crude inventories dropped almost 1 million barrels last week amid strong export demand, although the draw from stocks...
18 Dec 2024
US distillate inventories retreated from recent highs last week as refiners struggled to keep pace with robust winter demand, which hit fresh...
18 Dec 2024
US gasoline stocks climbed for the fifth straight week as imports reached their highest level since August, offsetting an uptick in demand...
18 Dec 2024
Kazakhstan's crude oil production rose 12% in November to 1.44 million bpd, recovering after recent maintenance shutdowns, although...
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