Energy Market News

The diesel EFS widened to levels last seen in April during trade on Wednesday as European market strength and closed Transatlantic arbitrage...

Strengthening HSFO cracks in the East of Suez market have drawn increased arbitrage flows from Russia and the Middle East...

A potential ceasefire in Ukraine would unlikely increase Russian oil exports even with easing sanctions, analysts at Goldman Sachs said...

Fujairah's refined product inventories slipped 1% in the week to 19 February, falling to 19.9 million barrels as a sharp decline in light distillates...

Middle East crude markets moved higher Wednesday, breaking out of the recent narrow trading range, while the diesel EFS widened...

The Hi5 spread crunched to a record low this week in China on mixed fortunes for high and low sulfur bunkering fuel...

Swiss-based trading reported lower earnings for a second year as the decline in the commodities and mining sectors continued to weigh...

Oil product inventories in Japan dropped across the barrel during the week to 15 February despite a rebound in crude throughput, data...

Japan's crude oil imports in January rose 8% on the year to 2.63 million bpd...

Australia's refinery output hit its highest level since early 2022 in December, with production bolstered by a big jump in imported volumes...

President Donald Trump has indicated that he may not let Venezuela export crude oil and petroleum products...

Occidental Petroleum plans to divest $1.2 billion in assets in the first quarter of this year from two upstream ...

Enbridge has apportioned nominations for heavy crude shipments on its Mainline system by 5% and...

Diamondback Energy has entered a deal to buy certain subsidiaries of Double Eagle IV Midco for just ...

Brazil's National Energy Policy Council has decided to to temporarily maintain the domestic biodiesel blend with diesel at 14% amid concerns about...

Brazil's government has approved a decision to join the OPEC+ alliance as an observer, according to the Associated Press, though its...

Benchmark crude oil futures extended gains on Tuesday amid escalating geopolitical tensions and OPEC+ uncertainty, while the LSGO forward...

Japan is pushing for refinery modernisation and a broader crude import portfolio as part of its latest energy strategy published Tuesday...

Crude oil futures were nudging higher for a second session with investors watching a number of moving parts and conflicting price signals...

The LSGO forward curve reached its steepest backwardation since March 2024 on Tuesday, reflecting increased tightness in the...