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Russia will increase its export duty on crude oil by $3.20/mt to $64.60/mt for the period starting September 1 ...

Oil futures recovered late afternoon in Europe, with Brent bouncing back around $1.50/b from its intraday low, but prices were still down...

Several major oil companies received tax rebates from the UK government for their North Sea operations last year after claiming for decommissioning...

The Shell Petroleum Development Company of Nigeria Limited (SPDC) declared force majeure on its...

Intercity mobility in China has collapsed in the first half of August according to data from technology company Baidu ...

Chinese airlines maintained the steep cuts in passenger seats last week, US passenger numbers fell, and the number of flights in Europe...

Demand for gasoline and diesel in Pakistan surged past pre-pandemic levels in June hitting...

Middle East crude prices dropped for the third straight day, while refined products/cracks

Oman's new Raz Markaz crude terminal is over 70% completed and the first phase is set to start operations in the first quarter of 2022...

Saudi Aramco's plan to take a stake in Reliance Industries' oil refining and chemicals business took a step closer Monday...

Indian demand of diesel, gasoline and jet fell in the first half of August compared to the first half...

South Korea's crude oil imports dropped 4.6% in July, although OPEC+ producers made gains at the expense of non-OPEC ...

China likely ran down stocks of crude oil for the fourth straight month despite refinery runs falling a chunky...

Refinery runs on a barrel per day basis in China fell 6% on the month and nearly 1% on the...

Mining giant BHP has launched a review of its global oil and gas assets and is assessing a potential merger of the division with Perth-based producer Woodside...

Ten oil rigs were added in the US last week, the biggest weekly rise since the end of March...

Funds dumped bullish bets in Brent and Low Sulfur Gasoil futures last week...

Demand for HSFO in power generation crunches spread with marine fuel 0.5%...

Propane was the only European product heading for a weekly gain after a surge in prices that was triggered by a counter-seasonal 600,000-barrel draw in US stocks...

Diesel cracks rallied, jet cracks were steady, and the spread between the two narkets narrowed...