Latest News
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...
15 Nov 2024
Quantum Commodity Intelligence – Benchmarks lost their footing Friday, ending the week lower despite having risen consecutively over the past...
15 Nov 2024
European gas prices jumped Friday after Austria's OMV said Russia will cut off fuel deliveries on Saturday morning
15 Nov 2024
Marine fuel cracks eased off in Asia and Europe last week as supply constraints have started to work their way out of the system...
15 Nov 2024
The diesel forward curve in Europe returned to backwardation this week as strengthening demand prospects tightened market outlooks...
15 Nov 2024
Gasoline looked to have found a floor this week as arbs reopened on a signs of tight US market
15 Nov 2024
China is set to cut tax rebates for clean oil product exports, signalling a broader effort by Beijing to rein in fiscal spending as it...
15 Nov 2024
Spain's Moeve reported a third-quarter loss Friday, its second this year, as weak refinery margins and a drop in domestic sales...
15 Nov 2024
South Korea has officially opened a new LNG and oil tank storage hub in Ulsan this week and is eying to expand the facility to store ammonia...
15 Nov 2024
European air travel steeply declined last week as demand retreated further from summer's seasonal highs, but was still sharply higher on the year...
15 Nov 2024
Kazakhstan's crude oil production dropped in October 2024, impacted by extended maintenance at the Kashagan field...
15 Nov 2024
Middle East crude prices resumed the downward slide Friday to leave benchmarks lower on the week, but product margins were still...
15 Nov 2024
QatarEnergy has awarded its monthly Al Shaheen tender for January 2025 at the lowest premiums in almost a year, further jeopardising...