Latest News

20 Oct 2021
Stocks of commercial crude oil in the United States fell 400,000 barrels last week to 426.5 million barrels...
20 Oct 2021
Saudi Arabia's Minister of Energy, Prince Abdulaziz bin Salman, said gas to oil switching increase oil demand of 500,000-600,000 bpd this winter...
20 Oct 2021
Pledges to cut fossil fuel production to limit global warming has been derided as hot air by the United Nations Wednesday...
20 Oct 2021
India is to form a buyers group comprising of state and private sector oil companies in an attempt...
20 Oct 2021
Middle East crude prices retreated for the second consecutive session Wednesday, while product cracks were mostly weaker...
20 Oct 2021
Saudi Arabia consolidated its position as the number one exporter of crude oil to China in September, while Oman exports jumped...
20 Oct 2021
Freight rates for transporting oil products in ARA nudged higher again Wednesday to extend a trend...
20 Oct 2021
Singapore's power grid operator has directed generating companies to use fuel oil in the utility mix to combat the...
20 Oct 2021
Norwegian oil and gas production in September beat their estimates but fell 2.2%...
20 Oct 2021
Middle distillate stocks in Fujairah rebounded from a 21-month low last week, data from FEDCom and S&P Global Platts showed...
20 Oct 2021
Freight rates for LNG carriers have soared to the highest levels since January of 2020 as demand for the super-chilled fuel have created huge arbitrage opportunities...
19 Oct 2021
US crude stocks increased 3.3 million barrels last week, sources said Tuesday, citing data from the American Petroleum Institute...
19 Oct 2021
Brent rallied but low sulfur gasoil futures fell to extend the slump in middle distillate cracks...
19 Oct 2021
Japan's refiners ramped up crude processing and refined product production in the week ending October 16 in order to meet an upcoming winter demand surge...
19 Oct 2021
Brent crude oil futures were broadly higher in afternoon trade in Europe, but off from earlier highs of above $85/b after data showed...
19 Oct 2021
China's state planner said on Tuesday it was studying ways of intervening in high coal prices and would take all necessary measures to bring them back to a 'reasonable range'...
19 Oct 2021
Volumes handled by the Port of Rotterdam in the third quarter jumped 8.6% to reach near...
19 Oct 2021
The quality of crude oil in the North Sea is getting heavier and more sulfurous with medium sour crude set to make up a third of the total volume by...
19 Oct 2021
Asian gasoline benchmark prices have risen above those of diesel for the first time in more than...
19 Oct 2021
Asian gasoil cracks could be set for a more than $2/barrel fall in the coming weeks if temperatures over the winter period turn...
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