Latest News

The week started on a bearish note with oil futures dropping on concerns of the Covid-19 pandemic in India...

Russian petrochemical producers Sibur and TAIF are to merge businesses in a deal that will see the new entity...

NYC has filed a lawsuit against the three oil majors for violating the City's consumer protection laws, Exxon refutes claims.....

Diesel and gasoil stocks held in independent storage in ARA hit a year low over the week to April 22, the lowest this year...

Refining margins for jet kero rallied on Friday, with spot jet cracks rising above 2/b for the...

First-quarter sales of hybrid electric vehicles in the European Union more than doubled their share on the year to 18.4% ...

Middle East crude oil prices retreated for the third successive day Thursday, as rising coronavirus

Japanese vehicle producer Honda announced Friday that it plans for 100% of its new vehicle sales to be powered by battery ...

Political risk consultancy Eurasia Group lays out scenario for Iran's oil industry, including returning to pre-sanctions peak.....

Climate activists staged another protest in London Friday, this time targeting the headquarters of Lloyd's of London...

A second Libyan oil producer said it would have to cut as much as 100,000 barrels a day of output this week...

Essar Oil UK, the owner of 210,000 b/d Stanlow refinery has been thrown a £400m lifeline by the taxman...

Middle East crude rebounds from weekly lows

Oil futures and the European oil product complex ended the week notching small gains...

Crude oil futures soften as demand growth fears return. Brent fares better after Libya declares force majeure

Essar Oil UK, the owner of Stanlow refinery, hopes to clinch further financing by the end of June to strengthen its ...

The Syrian missile that landed close to Dimona in Israel was not targeting the nearby nuclear reactor....

US refining major and biofuel producer Valero's Q1 refining throughput was down 15% on the year at 2,410 barrels per ...

Asian LNG prices are on the rise as summer stockpiling begins.....

British Airways owner IAG is to power 10% of its flights with sustainable aviation fuel by the year 2030 the company ...