Latest News

19 Nov 2024
Middle East crude prices rebounded from 2024 lows Tuesday while the diesel market arb hit its widest level in a month on the back of...
19 Nov 2024
Norway's Equinor resumed production at its Sverdrup oilfield overnight after an onshore power outage forced operations to be halted Monday...
19 Nov 2024
China's diesel output rose for the third consecutive month in October, reaching 4.23 million bpd, the highest level since May...
19 Nov 2024
Crude oil output at Kazakhstan's giant Tengiz field has been reduced by up to 30% due to unspecified maintenance issues...
18 Nov 2024
Benchmarks were sharply higher Monday as the market braced for an escalation in the Russia-Ukraine war, while LSGO cracks climbed to a...
18 Nov 2024
Crude oil futures Monday were sharply higher as benchmarks rebounded from the post-US election lows as risk-on sentiment...
18 Nov 2024
Norway's Equinor has halted production at its Sverdrup oilfield, one of the largest in the North Sea, due to an onshore power outage...
18 Nov 2024
East of Suez benchmark Dubai crude tumbled to the lowest level of 2024 Monday, coming just two week's before the OPEC+ gathering...
18 Nov 2024
North American drilling activity registered the first movement in nearly a month after flatlining...
18 Nov 2024
Saudi Arabia's crude production remained constrained in September on recently extended OPEC+ cuts...
18 Nov 2024
in Leong founder Lim Oon Kuin has been hit with a prison sentence of over 17 years after being found guilty on charges of cheating and forgery...
18 Nov 2024
Marine fuel sales in Fujairah rose in October thanks to a jump in high sulfur fuel demand while low sulfur bunker sales retreated amid ongoing...
18 Nov 2024
Goldman Sachs expects oil prices to average $76/b in 2025 as bearish fundamentals weigh on short-term risks to supply under the new Trump...
18 Nov 2024
Middle East crude opened the week slightly lower as prices remained under pressure, but lower crude prices helped lift gasoil margins...
18 Nov 2024
French oil product demand recorded its highest October total since at least 2019, industry data showed Monday...
18 Nov 2024
Sinopec and Saudi Aramco have begun construction work on a large oil refining and petrochemical cracking complex in the southern Chinese...
18 Nov 2024
Azerbaijan's crude oil and natural gas condensate output continued to rise in October after production had dropped to the lowest since ...
18 Nov 2024
China's clean oil product exports fell sharply in October against the backdrop of lower crude runs and an export quota shortage, government data...
18 Nov 2024
Money managers continued to increase net long exposure in gasoline futures last week beyond the six-month-high mark, shrugging off...
15 Nov 2024
Crude oil futures were trending lower Friday, with markets heading for weekly declines after struggling to rebound from the losses...
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