Latest News

11 Jun 2021
Spain's oil product demand dropped 11.6% on the month in April to 4.05 million mt with falls for every product apart from jet fuel ...
11 Jun 2021
Middle East crude oil benchmarks Dubai and Oman, both medium sour crudes, strengthened by around 1.5%...
11 Jun 2021
Kuwait has increased its Official Selling Prices (OSPs) for July crude oil sold to Asia, reflecting the firmer market structure and a similar move from...
11 Jun 2021
Middle East crude benchmarks hit fresh two-year highs Friday, but gasoline lost ground...
11 Jun 2021
A cocktail of bullish factors is expected to see Brent crude futures hit $80/b in the summer, much earlier than previously forecast...
11 Jun 2021
Global oil demand is set to return to pre-pandemic levels by the end of 2022, said the International Energy Agency (IEA) Friday, while keeping its 2021 demand growth forecast at...
11 Jun 2021
Reliance Industries Ltd said it has shut a secondary unit at its export Jamnagar refinery in Gujarat, which may delay...
10 Jun 2021
Brent crude oil futures briefly nosedived in late-afternoon London trading Thursday on erroneous rumors that the US had lifted sanctions on Iran
10 Jun 2021
Crude oil futures rallied and products moved even higher Thursday, and gasoline and diesel cracks in Europe followed suit..
10 Jun 2021
Iraq's State Oil Marketing Organization has mostly increased its July Official Selling Prices for Asian and European buyers, while cutting OSPs in the...
10 Jun 2021
June Low Sulfur Gasoil futures expiry beats record for lowest expiry volume...
10 Jun 2021
US bank Goldman Sachs sees August global jet fuel demand at 5 million barrels per day, up from 3.9 mb/d in May ...
10 Jun 2021
OPEC maintained its firm demand outlook Thursday, keeping 2021 world oil demand growth unchanged at 6.0 million barrels per day, led by the US and China...
10 Jun 2021
Russia's Rosneft sells 5% stake in Vostok Oil to Vitol and Mercantile & Maritime Energy...
10 Jun 2021
Global commodity trader Trafigura announced Thursday a sharp uptick in first-half year net profits to $2.1 billion, up from $0.5 billion in the same period 2020 ...
10 Jun 2021
Equinor sells its Danish refinery and oil terminal to Klesch Group, but keeps hold of the energy trading company Danske Commodities...
10 Jun 2021
Singapore fuel oil stocks surged 5% to a five-week high last week, according to government data ...
10 Jun 2021
The relative price of jet kero in Asia fell compared to the curve Thursday despite firmer paper cracks...
10 Jun 2021
Retail sales were expected to drop in the UK after the bank holiday weekend, but the size and scale of the diesel fall compared to gasoline...
10 Jun 2021
New Zealand's refined product consumption dropped 6.8% in the first quarter of the year to 1.737 million mt, led lower by a fall in road fuel demand and a small dip in jet fuel consumption ...
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