Latest News

The United States is now preparing equally for both a scenario where there is a mutual return to compliance with Iran on a nuclear deal, as well as one in which...

Crude oil futures Wednesday rallied sharply after European Commission President Ursula von der Leyen proposed new sanctions against Russia...

The backwardation in European middle distillate markets fell sharply by the Wednesday close...

US product oil product stocks rebounded to a one-month high by the end of April despite a slowdown...

Norwegian energy major Equinor reported a record net operating income of $18.4 billion during...

A wave of protests at key Libyan oil fields and ports last month have had only a limited direct...

Austrian energy company OMV has teamed up with global jet fuel supplier Associated Energy Group to supply sustainable...

The war in Ukraine and soaring inflation levels across most of the world are yet to impact...

The price of diesel, jet fuel and gasoline relative to crude all hit their highest level in years on Wednesday as banks warn...

OPEC+ sees a surplus of 1.9 million bpd in 2022, 600,000 bpd higher from its last forecast, amid expectations of slower demand growth...

Dubai crude oil prices edged higher Wednesday following the four-day extended Singapore weekend...

Refiner margins are expected to remain strong for at least several quarters as some...

Dutch TTF natural gas futures and Rotterdam coal futures jumped over 6% on Wednesday...

Product stocks increased across the barrel in Fujairah in the week to May 3, with residual fuel stocks up 2%...

Petrobras started producing oil and natural gas through the FPSO Guanabara on April 30, the first

The increase in OPEC's oil output in April undershot the rise planned under a deal with allies...

Mexico's energy ministry (Sener) has granted the local unit of the Swiss-based commodities trader Trafigura a license to import and...

Russian tanker firm Sovcomflot is looking to sell up to one third of its fleet, in a bid to repay loans to western banks...

China's independent refiners have been discreetly buying Russian oil at steep discounts at a time when Western sanctions are set to tighten...

European middle distillate markets fell sharply on Tuesday, outpacing the $3/b drop in Brent...