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The load factor in the global air freight sector tumbled to below 50% in June, a level not seen since...

OPEC+ announced Wednesday a production increase of just 100,000 barrels per day in August, a figure below most expectations...

Benchmark Dubai crude oil price sunk below $100/b this week for the first time since July 15, but perhaps more alarming for Middle East producers has been the sharp contraction in...

Middle East crude prices were little changed Wednesday as Dubai consolidated below $100/b ahead of the OPEC+...

The port authority of Singapore has suspended the bunkering licence of international trading house...

The European Space Agency (ESA) has finally declared its Sentinel-1B satellite lost after more than seven months...

A power failure on Wednesday morning knocked out the Godorf crude oil refinery, the northern...

India removed the export duty on jet fuel just one month after introducing the measure while...

A big build in light end stocks at Fujairah last week offset a fall for residual fuel stocks, with loading operations...

Washington has confirmed the latest round of sanctions targeting firms believed to be involved in the sale of...

Chesapeake Energy, the drilling company most closely associated with the expansion of the US shale industry, is planning to offload key oil assets and pivot toward natural gas...

Crude throughput at Japanese refineries rose sharply in the last week of July as units came...

European gasoline cracks rebounded from a three-month low by the London close on Tuesday...

Japanese traders Mitsubishi and Mitsui have taken a hit on their investment at Russia's Sakhalin-2 LNG project...

US refiner Marathon Petroleum saw refining earnings spike to $7.8 billion in the second quarter, more than ten...

The price of cargoes of diesel delivered into northwest Europe neared a four-month low on Tuesday...

Bunkering operations are slowly returning to Fujairah after heavy rains and flooding led to a shutdown of the...

Crude futures were rallying at the European close on Tuesday, shaking macroeconomic risk-off sentiment from earlier in the day as...

Saudi oil giant Aramco has signed a $2.65 billion equity purchase agreement to acquire US-based Valvoline's Global Products business...

Environmental groups have slammed proposals by African leaders that the NGOs say would lead to increased investment in fossil fuels…