Latest News

22 Jan 2024
Operations have been suspended at Novatek’s Ust-Luga oil terminal after a Ukrainian drone strike on Sunday, with a fire halting work for...
22 Jan 2024
Protesters have allowed output to resume at Libya’s Sharara oilfield, ending a sit-in at the 300,000 bpd field that has disrupted...
22 Jan 2024
China’s crude oil imports from its top supplier Russia grew for the second consecutive month in December while...
22 Jan 2024
Marine fuel oil exports from bonded storage in China rebounded last month in spite of a quota shortage that...
19 Jan 2024
Crude futures and product cracks were higher Friday, marking narrow gains for both on the week, against a backdrop...
19 Jan 2024
Crude futures were lower following Friday's late sell-off, eroding the week's otherwise modest gains...
19 Jan 2024
Indian LNG buyers are poised to sign a deal with QatarEnergy on cheaper and more flexible...
19 Jan 2024
The Northwest European diesel market was largely unphased about escalating...
19 Jan 2024
Gasoline extended its premium over naphtha this week, with Asia supply expected to stay tight through Q1...
19 Jan 2024
Middle East crude prices closed the week largely unchanged, as geopolitical tensions and Red Sea shipping delays...
19 Jan 2024
Marine fuel prices reversed last week’s selloff in Asia as firm bunkering demand and a series of planned refinery works and unexpected...
19 Jan 2024
Argentinian authorities have shutdown its main crude exporting terminal in the Atlantic to investigate...
19 Jan 2024
Middle East crude prices strengthened for a second Friday as benchmark Dubai posted the second highest print of 2024...
19 Jan 2024
Brazil’s state-ran Petrobras has formally restarted its upgrade of the Refinaria Abreu e Lima (RNEST) refinery...
19 Jan 2024
Around 100 offshore drillers employed by Odfjell Technology working on Equinor’s Mariner platform in the North Sea...
19 Jan 2024
Italian energy major Eni and South Korean chemical company LG Chem have agreed on a joint venture to build and run a new biorefinery...
18 Jan 2024
Crude futures and product cracks were higher Thursday as the EIA’s weekly stock report surprised to the upside...
18 Jan 2024
The Philippines can replace its relatively young fleet of coal-fired power plants at a steep average price of $140/tCO2e...
18 Jan 2024
Another 3 million barrels of gasoline were added to US inventories last week...
18 Jan 2024
Distillate stocks rose for the eighth straight week in the seven days ending 12 January...
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