Latest News

Low Sulfur Gasoil futures rallied more than Brent after the EIA weekly oil statistics revealed another draw in US distillate stocks last week...

Crude oil futures retreated slightly following the release of widely anticipated weekly EIA statistics...

BP confirmed on Wednesday that the four oil platforms it operates in the Gulf of...

China is to halt controversial investment in overseas coal-fired power stations as part of a broader commitment...

Propane was the stand-out figure in the US weekly oil statistics, drawing 500,000 barrels last week, counter-seasonally...

Germany will ban the use of palm oil in biofuel production starting in 2023 in favour of increasing its targets for advanced biofuels, while electricity used by vehicles will receive triple credits towards national greenhouse gas reduction targets.

Oil markets gave a muted reaction Wednesday to Iran's claims that talks to break the deadlock over nuclear monitoring and sanctions would resume in the coming weeks...

London-based price reporting agency Argus is winning the race to become the benchmark provider for E10 specification gasoline...

The US Environmental Protection Agency has proposed to cut biofuel mandates for 2020...

Commercial crude stocks in the United States fell for the seventh consecutive week, by 3.48 million barrels to 414 million barrels in the week ending September 17, a near 3-year low...

Nigeria is expected to boost its crude oil output to 1.88 million barrels per day in 2022...

China has imported its first carbon-neutral crude oil cargo, organized by state-owned...

Japanese production of ethylene rose to the highest level in three months in August and aromatic output...

The Philippines will introduce its state-owned reserves of crude oil, refined petroleum products...

The scramble to secure LNG supplies ahead of the winter demand crunch ratcheted up a notch Wednesday on reports that Chinese trading giant...

Production of gasoline, jet fuel and fuel oil all hit milestone levels in Brazil in August, despite an overall dip in refined products...

Ineos Grangemouth is investing £1 billion to both produce and use hydrogen at its petrochemical and refinery complex in Scotland...

Middle East crude oil prices extended gains Wednesday to move into positive territory for the week...

Stocks of fuel oil at the Middle East's main bunkering hub of Fujairah fell to a 33-month low last week...

Mexico has suspended five fuel import permits belonging to trader Trafigura, the latest twist in the government's attempts...