Latest News

23 Aug 2023
Backwardation in the Asian gasoline swaps market steepened to its widest in a year during trade on Wednesday as the...
23 Aug 2023
UK energy regulator Ofgem has hit Morgan Stanley & Co. International plc (MSIP) with a £5.4 million fine for unauthorised communications via WhatsApp...
23 Aug 2023
Stocks of distillates rose for the second successive week in the seven days to 18 August as a rise...
23 Aug 2023
A bigger-than-expected drop in US crude oil inventories last week supported falling futures, with inventories hitting...
23 Aug 2023
US gasoline stocks climbed for the first time in three weeks as imports jumped in the days...
23 Aug 2023
The Brent/Dubai cash spread widened to record negative levels Wednesday, as the ongoing OPEC+ cuts and continued demand growth...
23 Aug 2023
French road fuel demand fell last month as increased gasoline uptake was offset by lower diesel consumption...
23 Aug 2023
Energy major Shell has hired investment bank Goldman Sachs to explore the potential sale of its Singapore refinery and...
23 Aug 2023
Dubai's Department of Petroleum Affairs has set the OSP for Dubai crude loading in November at parity to the average settlement of Oman...
23 Aug 2023
Asian crude prices Wednesday eased for a second session amid the broader malaise on oil markets, while gasoline...
23 Aug 2023
Big drops in middle distillate and light end stocks were seen in Fujairah last week to leave total stock levels well...
23 Aug 2023
Production at Citgo’s 167,500 bpd Corpus Christi refinery was curtailed on Tuesday after Tropical Strom...
23 Aug 2023
Retail prices for gasoline and diesel in China is set to increase in the...
23 Aug 2023
Japan’s distillate stocks jumped last week as domestic refinery runs were broadly flat over the period...
23 Aug 2023
US crude oil stocks fell by over 2 million barrels in the week ending 18 August...
23 Aug 2023
Traffic on the Suez Canal appeared to be flowing normally on Wednesday after a collision between two tankers had...
23 Aug 2023
The Chinese government has decided to continue exempting tax on trading profits...
22 Aug 2023
Crude oil futures Tuesday were slightly lower as oil benchmarks consolidated at the week's lower levels, with concerns over...
22 Aug 2023
Crude futures retreated on Tuesday as concerns over Chinese demand linger, while products edged slightly...
22 Aug 2023
Iraq and Turkey have failed in their latest bid to resolve the dispute which has halted around 450,000 bpd of crude reaching export markets...
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