Fuel Oil News

Nigeria's new mega refinery Dangote is running at 85% or around 550,000 bpd, the head of the plant was quoted on Friday....

Marine fuel and high sulfur fuel oil margins enjoyed some moderate support from a weaker crude complex through the week, although...

China's fuel oil imports surged to 2.55 million mt in November, the highest in seven months, driven by robust demand for marine fuel and...

Dubai cash prices were down by slightly less than $1/b on the week as broader demand concerns offset lower OPEC volumes for Q1...

Crude oil futures Thursday were drifting lower after Federal Reserve officials made their third and final rate cut of 2024 at Wednesday's meeting....

Crude and European product prices fell Thursday as the US Federal Reserve dialled back expectations of rate cuts next year...

ARA gasoline inventories hit a new high this week, although the pace of seasonal stock building slowed...

Record jet demand and modest growth in road fuel deliveries helped push UK oil demand higher in October...

Middle East crude markets eased Thursday following the broader selloff in oil benchmarks, while gasoil margins continued to firm...

A Ukrainian drone strike ignited a fire at the Novoshakhtinsk oil refinery in Russia's Rostov region overnight, Ukrainian officials said...

Crude and European product prices clawed back the week's earlier losses helped by lower US crude and distillate stocks...

Gasoline stocks were marked 0.6% higher on the week at 11.6 million barrels and are running 8% ahead of where they were a year ago...

Crude oil futures were higher as benchmarks recovered from the week's lows ahead of the US rate decision...

Saudi Arabia's crude production remained constrained in October due to sustained OPEC+ output cuts, with falling refinery intake weighing on...

China's refinery output fell to its lowest since February 2023 last month as weak downstream demand at home and abroad led refiners...

Middle East crude markets steadied Wednesday ahead of the US interest rate decision, while gasoline and middle distillate margins...

Another big build in residual stocks in Fujairah last week lifted refined product inventories to their highest levels since mid-September...

Crude oil futures Tuesday were drifting lower for a second session, after struggling to gain a foothold amid sluggish...

Another Russian fuel tanker ran into trouble in the Black Sea Tuesday, adding to fears of more oil being spilled just a few days after two...

Crude and product prices were lower Tuesday as concerns over Chinese oil demand weighed on the outlook, ahead of an expected US rate cut...