Latest News

The US DOE said it intends to sell up to 20 million barrels of oil from the Strategic Petroleum Reserve (SPR), for delivery in the fourth quarter...

European and Asian gasoline cracks shrunk for a ninth straight session on Monday to hits their lowest...

Crude oil futures rebounded Monday to break a seven-day losing streak, as part of a broader asset price rally helped by a falling US dollar value and shrugging off the concerns of resurgent Covid that dominated prior sessions.

Ukraine's largest oil and gas producer Naftogaz will start the construction of a major oil storage...

Japan will offer up to $300 million in low-interest loans to Iraq...

Saudi Arabia's refined products exports in June were 11% higher than the pre-pandemic 2019 figure, boosted by a 32% growth in road fuel exports...

Chinese buying accounted for just 16% of Norway's Johan Sverdrup exports in July, sharply down from the 63% in the first quarter of this year...

Trader and refiners have sharply downgraded the value of jet compared to 10ppm gasoil in Asia as far ahead as summer 2022...

Iran has restarted gasoil and gasoline exports to Afghanistan after a request from the Taliban...

Middle East crude tracked higher Monday as oil prices largely corrected to the upside, while refined products/cracks

Global airlines capacity ticked higher by some 500,000 seats over the past week, but there were further cuts for forward bookings...

Vehicle traffic volumes in France are hitting fresh pandemic records in August with further increases seen each week...

Another eight oil rigs were added in the US last week, but the gas rig count fell by 5 and the Canadian oil and gas rig ...

Funds were shedding bullish bets in Brent before the collapse of prices last week...

A fire which broke out on an offshore platform in the Gulf of Mexico late Sunday has been brought under control...

Australia's Ampol Ltd. returned to a half-yearly profit following an improvement in refining margins and a government financial package...

Brent bounced off its lows to post a modest gain, but propane prices crashed lower...

Marine fuel 0.5% barges continued to drop quicker than high sulfur fuel oil in ARA amid...

Jet's premium above diesel in Europe continued to narrow this week amid the fallout of Chinese...

Weakening gasoline led the European complex lower this week with cracks for spot gasoline Eurobob E5...