Latest News

9 Oct 2024
The Energy Information Administration (EIA) expects household heating fuel expenditure in the US to be similar to last year's over the coming...
9 Oct 2024
US crude oil inventories posted a huge build of almost 11 million barrels the week ending 5 October, although product stockpiles were...
9 Oct 2024
Sales of electric vehicles (EV) in the US have accelerated over recent years, figures from the Alternative Fuels Data Centre (AFDC) have shown...
9 Oct 2024
Chevron announced an emergency flaring Wednesday morning at its Leviathan gas rig near Israel's coast...
9 Oct 2024
East of Suez crude prices rowed back Wednesday following the broader oil selloff, while a tightening gasoil market pushed cash differentials...
8 Oct 2024
Crude oil futures Tuesday were in sharp retreat from the early-week highs amid uncertainty over Israel's likely response to...
8 Oct 2024
The EIA cut its forecast for crude and oil products prices on Tuesday citing weak global demand...
8 Oct 2024
Crude lost grip of the $80/b handle Tuesday as bearish market signals emerged from the shadows to reignite some downward pressure on prices...
8 Oct 2024
Iraq has started jet fuel exports as it looks to diversify its supply of refined products, the Ministry of Oil said Tuesday...
8 Oct 2024
Asian gasoil cash markets are starting to firm as a supply overhang that has blighted the market for several months finally starts to work its...
8 Oct 2024
US crude exports fell to their lowest level in over a year in August as Chinese demand for its barrels slumped to zero, monthly government...
8 Oct 2024
State-owned Qatar Energy on Tuesday signed a 20-year supply agreement with Shell for up to 18 million mt of naphtha...
8 Oct 2024
Hurricane Milton was set to swell on its path towards the battered US Gulf Coast Tuesday, even as its intensity faded, with the now-Category 4...
8 Oct 2024
Libya's National Oil Company (NOC) said Tuesday domestic production of crude oil and condensates had recovered to 1.13 million bpd...
8 Oct 2024
Nigeria's state-owned oil company has started to sell crude to the country's prized 650,000 bpd Dangote refinery this month as the country...
8 Oct 2024
Kazhakstan has revised down its oil production forecast for this year owing to a major overhaul at its largest oil field...
8 Oct 2024
Preliminary statistics from China's Ministry of Transport showed a 4.1% annual jump in domestic trips during its Golden Week holiday...
8 Oct 2024
Asian oil prices were higher Tuesday as markets caught up with the Brent spike after Asian markets had closed in the previous session...
8 Oct 2024
Russian distillate exports are still seeping into Europe, data from LSEG showed Tuesday, despite of the European embargo on the import of...
8 Oct 2024
Gasoline production at Brazil's state-owned oil company Petrobras climbed to fresh highs in the third quarter of this year, latest data...
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