Asia Oil Market News & Analysis | Quantum Commodity Intelligence

Crude oil futures opened the week lower to extend the price slide that has now wiped over 7% from headline Brent prices....

Kazakhstan has sent its first crude oil shipment from the Kashagan field through the Caspian Sea to Azerbaijan's port of Baku, state-owned...

The naphtha east-west spread sank to its lowest levels since July during Monday's trading session, with the gap between Asian and European...

Production at Iraq's massive Rumaila oil field has been reduced by up to 300,000 bpd or around a quarter...

Middle East crude prices retreated for a sixth straight session Monday as the run of steady declines continued into the shortened week...

Goldman Sachs has increased its 2025 gasoline margin forecasts for key refining hubs while adopting a more bearish stance on diesel...

Freight rates for very large crude carriers (VLCCs) on key Middle East-Asia routes have surged this month on robust crude buying by...

Diesel and crude oil futures market extended rallies during the week ending 21 January as traders continued to price in the shockwaves from...

Crude oil futures were nudging higher Friday although benchmarks were heading for the first weekly decline in a month...

Middle East benchmark Dubai crude rowed back from recent six-month highs following a sequence of steady declines...

Adnoc will not be returning to the Red Sea anytime soon, with the key shipping route still seen as a risk, according to a senior...

Naphtha and gasoline showed signs of a recovery this week as cracks and spreads rebounded as seasonal restocking slowed...

Chinese state-owned oil producer and refiner Sinopec processed 252.3 million mt of crude in 2024, equivalent to 5.05 million bpd...

Chevron has started oil production at its Future Growth Project (FGP) in Kazakhstan's Tengiz field, a key milestone in its efforts to boost...

HSFO cracks continued to firm to fresh multi-year highs this week in Singapore as the trade continues to work through the implications...

Diesel fell under pressure on both sides of the Suez this week, with cracks unravelling most of the gains made at the start of the month as...

Middle East crude prices retreated for a fifth straight session Friday as gradual declines saw Dubai drop 3% over the week, while...

The global shipping industry faces stranded asset risks worth $400 billion as vessels and new orders are set to emit double the carbon permitted...

India has scaled back Russian crude imports in recent months, turning to Middle Eastern suppliers, while refined product exports...

Crude oil futures were slightly lower on Thursday as markets steadied at a support level following a week-long retreat that wiped out more than...