Latest News

10 Sep 2024
Malaysia's refined oil product output pulled back hard from June's record highs in July, with the Southeast Asian state seeing production...
10 Sep 2024
OPEC and its allies trimmed back production in September as field maintenance in Kazakhstan and political upheaval in Libya...
10 Sep 2024
Mexico's Pemex has been forced to shut at least two secondary units at its Salina Cruz refinery after a fire killed two workers over the weekend...
10 Sep 2024
China's crude oil imports rebounded sharply in August as refiners braced for the peak summer demand season, the latest government data...
10 Sep 2024
Iraq's State Oil Marketing Organization (SOMO) has reduced Official Selling Prices (OSP) on its key export grade for Asia in October...
9 Sep 2024
US producers were evacuating employees from drilling rigs in the Gulf of Mexico Monday with Storm Francine threatening up to 2 million...
9 Sep 2024
Last week's rout in crude and product futures continued Monday on lingering demand concerns...
9 Sep 2024
Crude oil futures Monday were edging higher with benchmarks rebounding from yearly lows as traders eyed the latest storm threatening the US Gulf coast...
9 Sep 2024
Naphtha has continued to outpace the rest of the barrel, with cracks at fresh multi-month highs in both Asia and Europe...
9 Sep 2024
The adoption of electric vehicles accelerated in August, forming an additional 5.4% of the total fleet to reach its highest levels since 2022...
9 Sep 2024
The Hi5 spread reversed its recent rally at the start of the week in Asia, pulling back sharply during the session at high sulfur fuel oil...
9 Sep 2024
North American drilling activity eased for a fourth consecutive week to register the lowest total since late June...
9 Sep 2024
The Litvinov refinery in the Czech Republic has reopened after the discovery of a bomb on its property and is expected to return to full...
9 Sep 2024
Middle East crude opened the week lower as markets caught up with the Brent retreat after Asian markets had closed Monday, a move...
9 Sep 2024
Global airline capacity is expected to reach 505.5 million seats in September, representing a 5.2% increase on the year of around 25 million seats...
9 Sep 2024
The American Petroleum Institute (API) has warned that the decision by a US court to overturn environmental legislation...
9 Sep 2024
Selling pressure in crude oil spiked last week on expectations global demand would not grow as fast as previously expected in the second...
9 Sep 2024
A potential hurricane has formed in the Gulf of Mexico and is making its way toward the Texas and Louisiana coasts, with authorities...
6 Sep 2024
Crude prices slumped to fresh lows Friday with the decision by OPEC+ to push back its planned production hikes to the end of the year...
6 Sep 2024
Crude oil futures Friday tumbled to fresh yearly lows after investors largely shrugged off the OPEC+ decision to defer...
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