Latest News

28 Oct 2024
Russian gas and LNG producer Novatek has shut the only operating train at its Arctic LNG 2 project and will cease commercial operations at...
28 Oct 2024
Water levels on the Rhine have dropped to their lowest levels in a month and look set to continue to fall, likely disrupting barge logistics for...
28 Oct 2024
Citi has cut its crude oil price forecast after a weekend attack by Israel on Iran, saying it sees the chances of wider conflict affecting the...
28 Oct 2024
Sinopec's profits over the third quarter declined by 52% over the year as lower energy prices met falling output...
28 Oct 2024
China's oil giant PetroChina is shutting down its 410,000 bpd Dalian refinery amid weaker refining margins and is eyeing a new refining...
28 Oct 2024
Iraq has once again reaffirmed its commitment to OPEC+, pledging to cut output and produce within targets set by...
28 Oct 2024
Tight nearby supply in the Asian jet fuel market has seen the spread to gasoil surge to a multi-year high at the start of the week, as rare...
28 Oct 2024
Nigeria's Dangote refinery has shipped its first gasoline cargo as operations at its vital RFCC unit continue to ramp up...
28 Oct 2024
Middle East oil crude prices were lower after what was deemed a relatively muted strike by Israel against Iran, while the Asian regrade...
28 Oct 2024
Energy major Shell is working to restart the hydrocracker at its 234,000 bpd Norco refinery in Louisiana on Friday after it was shut in...
28 Oct 2024
South Korea may consider extending fuel tax cuts further if the current volatility in the global oil market persists beyond 2024, the...
28 Oct 2024
North American drilling activity was unchanged as a small dip in oil rigs was offset by a similar increase in the gas count...
28 Oct 2024
Weak manufacturing data out of Europe and China during the week ending 22 October prompted investors to add more diesel exposure...
25 Oct 2024
Crude and products edged higher Friday as supply concerns returned with escalating Middle East conflict, while LSGO futures firmed to fresh...
25 Oct 2024
Eni's profits over the third quarter surpassed initial expectations, according to its Q3 report Friday, as the output remained resilient amid...
25 Oct 2024
European natural gas prices climbed to around the highest levels of the year Friday on production shortfalls and rising demand...
25 Oct 2024
Crude oil futures Friday were marginally higher as benchmarks headed for modest weekly gains of...
25 Oct 2024
Dubai crude ended the week slightly lower, as geopolitical tensions gave way to concerns over slowing demand growth end...
25 Oct 2024
Run cuts could help offset the end of refinery maintenance to support the gasoline complex, at least in the Atlantic basin...
25 Oct 2024
Neste has cancelled plans to build an electrolyzer to produce renewable hydrogen at its Porvoo refinery in Finland...
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