Latest News

The US Treasury said late Wednesday it was freezing the assets of members of an international network for violating oil sanctions against Tehran...

European diesel and gasoline cracks tumbled to a two-month low by Wednesday's close as recession...

The US and its allies have discussed a price cap on Russian crude oil exports at range between $40 and $60 per barrel...

Crude oil futures Wednesday extended losses following the huge sell-off that saw headline Brent prices drop $10/b in the previous session...

The east-west arb in the global jet fuel market continued to widen on Wednesday, hitting a 10-day high as...

China announced plans to ramp up the number of weekly overseas commercial flights ahead...

China has issued its latest batch of low sulfur fuel oil export quotas, adding another 5 million mt available for...

Energy major Shell is to build what it says will be Europe's biggest renewable hydrogen plant...

A Commercial Court in Baghdad has declared four oil contracts void this week, as the federal Oil Ministry intensifies its push to implement...

Spanish crude oil imports in May hit their second-highest level on record with US and Canadian...

Austria will order industry and utilities to make plants run on alternatives to natural gas where possible, including oil, as the central European state...

The European Parliament voted Wednesday for investments in certain nuclear and natural gas projects to be classed as...

A Russian court has ordered the Caspian Pipeline Consortium (CPC) to shut its Black Sea export route for 30...

Middle East crude prices tumbled around 8.5%, catching up with Tuesday's oil selloff, while product cracks were hit...

The Japanese government is set to crank up its gasoline subsidy again from this Thursday after...

Strike action by Norwegian oil and gas workers, which threatened to cut its gas exports...

A big build in residual fuel and middle distillate stocks led oil product stocks in Fujairah to their highest level in a year...

The outgoing Secretary General of OPEC, Muhammad Sanusi Barkindo, died suddenly late Tuesday...

Crude oil futures came under huge selling pressure Tuesday amid further inflationary and recession fears, as the US dollar soared to...

Ecuador's oil output has recovered by around 90% since a deal between the government and demonstrators ended nationwide protests late last week, with output up to...