Latest News

10 Oct 2024
Crude oil output at Kazakhstan's Tengiz field has risen to record levels this month as another major oilfield undergoes scheduled...
10 Oct 2024
Six former Glencore employees, including the commodities giant's former head of oil, will have to wait until at least 2027...
10 Oct 2024
ExxonMobil is looking to produce an extra 18,000 bpd of crude oil at its Stabroek block in Guyana pending approval from authorities as...
10 Oct 2024
Production at Libya's National Oil Corporation inched closer towards what it was prior to the central bank crisis levels, the company...
10 Oct 2024
Crude stored in EU-16 countries dropped to its lowest level since the early 1990s last month, Euroilstock data showed Thursday...
10 Oct 2024
The deployment of electric vehicle charging stations in the UK rose by 3% over the month in October, latest figures from the UK Department...
10 Oct 2024
Crude oil prices in Asia were marginally lower Thursday as markets steadied at lower levels, while the gasoline physical market continued...
10 Oct 2024
Refined oil product stocks slipped in Singapore last week after a big draw in light end inventories, offsetting a solid build in fuel oil stocks...
10 Oct 2024
Hurricane Milton has swept across Florida's Gulf Coast to make landfall in the early hours of Thursday morning, dealing yet another...
10 Oct 2024
Naphtha's rally looks to have ran out of steam this week as Asia struggles to absorb September's surge in imports...
10 Oct 2024
Global investment banking giant Goldman Sachs has warned that a goal to reach net zero emissions by 2050 is becoming...
10 Oct 2024
US natural gas production is expected to grow marginally in 2025, led by increases in associated gas from the...
9 Oct 2024
Crude and products extended this week's losses Wednesday as de-escalating tensions in the Middle East started to unravel the war risk...
9 Oct 2024
Commodity brokerage Oil Brokerage said Wednesday it has purchased...
9 Oct 2024
Crude oil futures Wednesday were sliding lower, but were again subject to significant swings amid headline-driven trading...
9 Oct 2024
US oil production growth is set to moderate in 2025 amid slower growth from the giant Permian Basin although it will still post a record...
9 Oct 2024
US inventories of distillate fuels slumped to their lowest levels in 20 weeks, latest weekly data from the EIA showed Wednesday, as modest...
9 Oct 2024
US commercial crude oil inventories posted an unexpectedly large increase for a second consecutive week amid higher production and...
9 Oct 2024
S gasoline stocks recorded its largest drawdown of 2024 last week as demand surged past 9.6 million bpd in between...
9 Oct 2024
The Energy Information Administration has revised down its forecasts for oil demand for this year and the next, citing refining weakness in...
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