Latest News
13 Dec 2024
Tight Asian supply remained the dominant theme this week as strength spread to Europe, while naphtha looks...
13 Dec 2024
Diesel showed signs of renewed strength on both sides of the Suez this week, recovering ground lost to Brent as closed arbs into the region...
13 Dec 2024
Middle East crude eased slightly on the day but still posted comfortable weekly gains, while gasoline cracks continued to firm to near...
13 Dec 2024
Kosmos Energy's possible takeover of the UK's Tullow Oil would merge two similarly sized, West Africa-focused hydrocarbon producers...
13 Dec 2024
French oil product demand fell back last month after a strong October, as diesel consumption contracted sharply after the agricultural season...
12 Dec 2024
Brent struggled to hold on to the week's earlier gains on Thursday as the IEA warned of a looming supply surplus next year...
12 Dec 2024
Crude oil futures were steady Thursday, with investors looking for details on Beijing's plans to boost China's stumbling economy via...
12 Dec 2024
OPEC and its allies boosted oil production by 320,000 bpd in November, led by significant increases in Libya and Kazakhstan...
12 Dec 2024
Russia's state-owned Rosneft has signed a 10-year deal to supply India's privately owned Reliance Industries with 500,000 bpd...
12 Dec 2024
ARA product stocks were broadly flat this week as a seasonal jump in gasoline was matched by a fall in jet and fuel oil...
12 Dec 2024
Physical deliveries for the ICE low-sulphur gasoil (LSGO) December contract dropped to just 225 lots at expiry Thursday...
12 Dec 2024
Iraq's SOMO has reduced the OSP on its key export grade for Asia in January 2025, following the broader regional trend
12 Dec 2024
The International Energy Agency (IEA) forecasts a global oil surplus of up to 1.4 million bpd in 2025, even as demand rises by 1.1 million...
12 Dec 2024
Jet fuel's premium over diesel in northwest Europe is at its widest in about a month, with imports seen slowing sharply this month with arbs...
12 Dec 2024
The cost of shipping clean oil products between the Middle East and Singapore have risen in recent weeks as an exodus of Chinese cargoes and stronger...
12 Dec 2024
European air travel stabilised last week after falling steadily since its seasonal peak in the summer...
12 Dec 2024
Spain's refineries produced their lowest volumes of the year in October, official figures showed Thursday, with gasoline production slumping...
12 Dec 2024
Thailand's oil demand rose 2% month-on-month in October to 950,000 bpd, government data showed, defying expectations amid...
12 Dec 2024
Middle East crude climbed to monthly highs as sentiment pivoted to the upside, while gasoline margins continued to firm amid tighter...
12 Dec 2024
Canada's Suncor has been forced to shut an unspecified unit at its 85,000 bpd Sarnia refinery, a few weeks after the fire brigade were called