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OPEC secretary general Mohammad Barkindo said Wednesday that the energy transition is undermining investments in new supply in the oil and gas sector, and helped explain high prices

Worthy of note is that the regrade has widened, indicating it is European demand for diesel that remains the driver behind the Asian jet complex amid eye-wateringly high gas prices...

TotalEnergies' CEO Patrick Pouyanne has warned energy prices would "rocket to the roof" by 2030 if the industry stops investing in...

The price of 380 cst bunker fuel in Singapore came within touching distance of the $500/mt mark on Wednesday for the...

International environmental group Greenpeace on Wednesday labelled the practice of carbon...

Gasoline stocks in Japan saw a large drawdown last week, while gasoline exports grew 139% as spot prices increase and margins for...

Crude, gasoline and distillate stocks rose last week in the US, according to sources...

Oil product storage at the UAE hub of Fujairah was up last week after a big residual fuel restocking campaign, although overall...

Iraq's state-owned oil marketer SOMO is considering not offering its flagship Basrah Light grade to its term crude customers next year...

A fund operated by energy trader Pierre Andurand has almost doubled in value this year following the surge in energy prices...

Saudi Aramco has reduced Official Selling Prices (OSPs) for November-loading crude oil for Asia customers while also trimming OSPs for the US and Europe...

Low Sulfur Gasoil futures surged higher Tuesday, outstripping gains in Brent which itself rallied past $83/b...

US net imports of crude oil fell 6% in August compared with a month earlier, although net crude...

Brent crude oil futures Tuesday surged to fresh three-year  highs, underpinned by the OPEC+ decision to stick with gradual...

Spanish energy major Repsol has increased carbon reduction targets and ramped up investment plans for renewables...

Benchmark TTF European natural gas futures surged to fresh record highs of around €120/MWh Tuesday, a gain almost 25% on the previous close of...

The spot spread between 0.5% marine and high sulfur fuel oil, known as the Hi5, crunched sharply lower...

Demand for almost all refined products in Asia rallied on Tuesday, shrugging off higher...

Freight costs for transporting oil products in ARA have risen again Tuesday amid a scarcity of available barges...

National Oil Companies have a responsibility to maximise the value of hydrocarbon reserves through the energy transition but...