Latest News

16 Dec 2024
China's crude oil throughput rebounded in November on the back of higher cargo arrivals during the month as independent refiners ramped up purchases after...
16 Dec 2024
Australian road fuel demand rose for the fourth consecutive month in October, nearing its highest level of the year, according to official data...
16 Dec 2024
QatarEnergy is set to acquire a 27.5% working interest in Block 2813, offshore Namibia under a new agreement with...
16 Dec 2024
Global investors last week placed more bets on diesel prices falling as slim arbitrage margins throttled exports from the US and Asia while...
16 Dec 2024
Nigerian authorities have confirmed an oil spill at Shell's Bonny export terminal over the weekend...
16 Dec 2024
QatarEnergy has issued a sell tender for its keenly-watched Al Shaheen grade, with premiums for the Middle East medium sour crude expected...
16 Dec 2024
Pengerang Energy Complex (PEC) has delayed its operational start to late 2028, with construction now expected to begin by mid-2025...
16 Dec 2024
Marine fuel sales in November at Singapore, the world's largest ship refuelling hub, fell to 4.46 million mt in November, an 8.5% drop...
16 Dec 2024
North American drilling activity steadied despite a drop in the number of rigs in the Texas energy hub...
16 Dec 2024
Two Russian tankers broke apart in a violent Black Sea storm on 15 December, spilling thousands of tonnes of fuel oil near the Kerch Strait...
16 Dec 2024
Libya's National Oil Corp. (NOC) declared force majeure at its Zawiya refinery on Sunday after armed clashes damaged storage tanks...
13 Dec 2024
Brent crude futures were higher Friday with US-led sanctions back in focus, to help mark its first weekly gain in three...
13 Dec 2024
Crude oil futures were climbing higher Friday to consolidate the week's moderate gains, underpinned by hopes of a boost from China...
13 Dec 2024
Marine fuel prices continued to come off in Singapore last week amid a persistent supply overhang, a move that has weighed on...
13 Dec 2024
The UAE will slash oil shipments by more than 200,000 bpd from January as part of the wider agreement among OPEC+ members to tighten...
13 Dec 2024
Navigation on the Moselle River may soon resume after German authorities announced plans to test a temporary lock system this weekend...
13 Dec 2024
Trafigura Group posted a significant 62% drop in net profit for its 2024 financial year, recording $2.8 billion, as the company absorbed...
13 Dec 2024
Middle East benchmark Dubai crude ended the week firmer, underpinned by promises of further stimulus measures to boost China and the...
13 Dec 2024
London-listed African independent Seplat Energy has completed its acquisition of ExxonMobil's onshore and shallow water oil assets...
13 Dec 2024
Tight Asian supply remained the dominant theme this week as strength spread to Europe, while naphtha looks...
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