Latest News
24 Oct 2024
Fuel oil stocks in Singapore soared 12% last week to the highest level last seen this summer as imports continued to grow, more than...
24 Oct 2024
Marathon Petroleum was heard restarting at least two units at its 631,000 bpd Galveston Bay refinery...
23 Oct 2024
Benchmark crude oil and products retraced gains made earlier this week as EIA data showed a large build in US crude inventories, while the market...
23 Oct 2024
Independent commodity house Trafigura has completed a acquisition of a 50% stake in the Spanish oil storage company Meroil Tank...
23 Oct 2024
US distillate stocks fell to fresh lows last week as increasing use in power generation over the days that followed Hurricane Milton continued to outpace...
23 Oct 2024
US gasoline stocks rebounded from two year lows last week, as higher domestic output outpaced firmer demand...
23 Oct 2024
US commercial crude oil inventories posted an larger-than-expected build as domestic production held at record levels...
23 Oct 2024
East of Suez crude markets were higher Friday as benchmark Dubai posted the biggest daily gain in three weeks, while the fuel oil market...
23 Oct 2024
Crude oil futures Wednesday were in retreat, but managed to hold on to most of the back-to-back daily increases of 2%...
23 Oct 2024
Argentina's road fuel demand fell to its lowest level in over three years last month as a big drop in diesel demand was joined by lower...
23 Oct 2024
Goldman Sachs has maintained its average price outlook for Brent crude futures at $76/b during 2025...
23 Oct 2024
High sulphur fuel oil (HSFO) ARA barge cracks turned positive again on Tuesday, shooting more than $4/b higher versus Brent...
23 Oct 2024
The 110,000 bpd Atyrau oil refinery in west Kazakhstan has started operations ahead of schedule after a scheduled overhaul, the company...
23 Oct 2024
Middle distillate availability dropped in Fujairah last week to offset smaller builds in light end and fuel oil inventories in the week to 22...
23 Oct 2024
US crude oil inventories posted a larger-than-expected build, although this was offset by a draw in product stockpiles...
23 Oct 2024
Brokerage BGC has bought rival OTC, the owner of Oil Brokerage, in a deal that has seen the wave of deals between cash-rich brokerages in the...
23 Oct 2024
Japan's refined oil product stockpile continued to swell last week amid poor demand despite refinery runs falling 3% on the week...
23 Oct 2024
South Korea has further extended its oil product sale tax cut until the end of this year as the policy marks its two-year anniversary but the rate...
22 Oct 2024
Crude oil futures were higher, having overturned earlier losses as focus stayed on the Middle East...
22 Oct 2024
Benchmark crude oil prices rose 3% Tuesday on escalating tensions in the Middle East, while diesel cracks rebounded from recent lows...