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Brent/Dubai and EFS hit fresh highs as Middle East lags North Sea gains

Brent futures hit 5-week high as force majeure threatens Libyan exports, but growing coronavirus cases seen impacting on the demand recovery.

A new European energy trading platform, called Sphirra, was officially launched today and saw its first trade...

The UK government will set the "world's most ambitious climate change target into law" to reduce emissions by 78% by 2035...

Exxon Mobil has proposed creating a huge carbon capture and storage (CCS) project in the Gulf of Mexico....

OPEC+ said likely to be downgraded to JMMC only, but Middle East producers waiting on Russian agreement...

SOMO awarded its Basra Medium tender to a trader at around May OSP +$0.35

Strong economic data, particularly the draw in US crude oil inventories underpinned markets in he week ending April 16.

Libya's state-owned National Oil Corporation (NOC) declared Monday the state of force majeure in the port of Hariga, one of the largest oil ports in the country...

Naphtha refining margins in Asia have fallen 8% in a day as spot prices collapsed on Tuesday...

Gasoline led the European oil complex lower Tuesday as the rapid spread of Covd-19 in India trumped the bullish news...

European propane cargo prices are trading $100/mt below naphtha cargo prices for the first time this year...

Asian hold on to last week's strong gains

US investment bank ups its $70/b Brent forecast by four months to May, sees end-year prices at $74/b

Saudi Arabia's new Jazan refinery is ramping up, with a total 8.72 million barrels of crude discharged in March...

Funds added bullish bets and cut bearish bets in Brent on the ICE exchange last week, recovering the net-length lost in ...

Brent was little changed by late Monday, held steady by a sharp drop in the dollar index and news of a force majeure for Libyan crude...

Saudi Araba drew down its own crude stocks in February, while its exports were curbed by its voluntary 1 million b/d production cut...

Commodity trading house Trafigura will take control of more than 90% of shares in imperiled mid- and down-stream energy ...

Chinese net crude imports are set to rise 3.6% this year to near 560 million mt, a figure equivalent to...