Latest News

29 Dec 2021
The latest round of talks to revive the 2015 nuclear deal with Iran have again stalled this week, despite European negotiators saying there are weeks left to save the deal...
29 Dec 2021
Asia crude oil prices continued to trend higher Wednesday, gaining for the sixth consecutive day, while light end and distillate cracks continued to...
29 Dec 2021
International flights will still be 25% to 30% below 2019 levels by the end of 2022 to supress the recovery of the global aviation passenger...
29 Dec 2021
Residual fuel stocks at the Middle East bunkering hub of Fujairah were up by 600,000 barrels in the week to 27...
29 Dec 2021
Mexican state oil company Pemex said it will slow is crude oil exports next year and...
29 Dec 2021
Production at the 3.6mn t/yr Prelude floating LNG project in Western Australia (WA) has been halted by the regulator, until operator Shell demonstrates...
28 Dec 2021
Crude oil futures Tuesday were trending higher, building on the previous-session's firm gains and underpinned by growing optimism that...
28 Dec 2021
After spending several weeks below the seasonal norm, European temperatures have warmed up and are likely to stay above average until at least January 12...
28 Dec 2021
Benchmark Dubai crude hit a one-month high Tuesday in terms of outright price, but on a structural basis...
28 Dec 2021
Both crude production and supply to domestic refineries in Russia reached new post-pandemic highs in November...
28 Dec 2021
Asia crude oil prices were sharply higher Tuesday versus pre-holiday prices as oil markets continued...
28 Dec 2021
Freight rates for barges carrying oil products in ARA have dropped sharply for the first time in almost three months amid rising water levels...
28 Dec 2021
Refining margins for marine fuel oil rose to their highest so far this year on Tuesday...
28 Dec 2021
Refining margins for gasoline hit their lowest in three weeks on Tuesday on surging crude prices...
28 Dec 2021
China will reach peak oil consumption by 2030 on strong demand for petrochemicals in the...
28 Dec 2021
Japan's crude imports moved to a new post-pandemic high in November amid a ramp-up in output and domestic sales...
28 Dec 2021
Funds turned bullish in Brent and WTI last week, adding more long lots than short lots, for the first time in 11 and 6 weeks respectively...
28 Dec 2021
ExxonMobil's refinery in Baytown, Texas, continues to run at reduced rates following...
28 Dec 2021
News Corporation has purchased IHS Markit's Base Chemicals for $295 million, the companies announced...
28 Dec 2021
State-owned oil company Petroleos de Venezuela (PDVSA) exceeded one million barrels of daily crude oil production...
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