Latest News

9 Aug 2022
Crude oil prices jumped on Tuesday morning as news emerged that the southern leg of the Druzhba crude oil...
9 Aug 2022
The spread between naphtha and propane gas hit a seven-month low as refineries and industry shifted...
9 Aug 2022
The increasingly acrimonious dispute between Shell and its unionised workers in Australia is set to delay major maintenance on its troubled Prelude...
9 Aug 2022
Indian gasoline and diesel demand tumbled over 11% in a counter-seasonal move to reach the lowest level since...
9 Aug 2022
Cash assessments for oil and oil products have been suspended 9 August due to a national holiday...
8 Aug 2022
Crude oil futures Monday were trending higher, cautiously rebounding from the previous week's sharp downturn.
8 Aug 2022
Diesel and gasoil cracks tumbled to their lowest since mid-March with front-month LSGO futures...
8 Aug 2022
The European Union has submitted a "final text" at negotiations in Vienna to revive the 2015 Iran nuclear agreement...
8 Aug 2022
America's largest oil and gas companies have defied calls from the Biden administration to boost domestic...
8 Aug 2022
Oil prices should still go higher even when factoring in all the recent negative shocks that have pushed levels to...
8 Aug 2022
At least two crude oil storage tanks have collapsed at a supertanker terminal in Cuba which suffered multiple explosions...
8 Aug 2022
Chinese refiners dialled back on booking crude imports through July, with only a thin month-on-month gain seen...
8 Aug 2022
Adnoc Distribution, the UAE's largest fuel and convenience retailer, said its second-quarter net profit surged 71%...
8 Aug 2022
Water levels on the Rhine River hit fresh multi-decade lows over the weekend, causing power...
8 Aug 2022
China is set to begin another round of tax inspections on independent refiners that will last for several months...
8 Aug 2022
Global airline capacity flatlined for a fifth straight week, failing to gain further momentum to reach...
8 Aug 2022
Middle East crude nudged higher Monday, up from the previous week's five-month lows, while distillate prices...
8 Aug 2022
Nigeria's crude oil production shortfall to its OPEC+ quota jumped to 715,000 bpd in July...
8 Aug 2022
Goldman Sachs said Europe is on course to meet it winter natural gas storage targets, although the race to replenish inventories has led to a steep rise in...
8 Aug 2022
Germany-based Siemens Energy said Monday that it will start winding down its Russian assets this autumn, although is still prepared to maintain turbines for...
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