Latest News

17 Oct 2024
Kazakhstan continued to overproduce crude oil through September compared to its OPEC+ target, with government numbers published...
17 Oct 2024
East of Suez crude oil prices steadied Thursday and posted the first gain in a week, while middle distillate cash differentials were seen...
17 Oct 2024
European air travel continued to decelerate last week as demand retreated further from its seasonal summer highs, with jet fuel prices...
17 Oct 2024
Refined oil product inventories in Singapore further slipped last week on large draws of light and middle distillates, overshadowing...
17 Oct 2024
US oil refiner Phillips 66 announced Wednesday that it will shut operations at its 139,000 bpd Los Angeles refinery before the end of next year...
17 Oct 2024
The volume of crude oil arriving in South Korea in September dived 14% from August to 11 million mt or 2.68 million bpd as imports of...
17 Oct 2024
Japan's crude oil throughput rebounded last week to lift inventories of refined products to the highest last seen since January, government data...
17 Oct 2024
Japan's crude oil imports last month fell more than 11% compared to the same month last year at 2.24 million bpd, the latest data from...
16 Oct 2024
Asian gasoline markets were back in contango during Wednesday's session as big regional supply continues to weigh on prices and looking...
16 Oct 2024
Australia's Woodside Energy announced record quarterly gas and oil production during the Q3 2024 period, underpinned by...
16 Oct 2024
Benchmark crude oil futures were little moved Wednesday, with fears of an escalation in conflict in the Middle East fading as supply disruption in Iran...
16 Oct 2024
India imported around 1.9 million bpd from Russia in September, rising 12% over the month to account...
16 Oct 2024
Crude oil futures steadied after two sessions of sharp losses, as a large part of the geopolitical risk premium...
16 Oct 2024
Global jet fuel consumption will grow 45% by 2040 as emerging market demand for air travel continues to rise even as alternative...
16 Oct 2024
Nigeria's upstream regulator has reportedly blocked Shell's sale of its onshore assets, amid concerns over the proposed consortium's...
16 Oct 2024
Iraq's State Oil Marketing Organization (SOMO) has increased the OSP on its key export grade for Asia in November...
16 Oct 2024
Authorities at Iran's main oil export terminal are working to contain an oil spill...
16 Oct 2024
Escalations in regional conflicts have revealed open wounds in our current global energy climate, according to the IEA...
16 Oct 2024
Middle East crude further extended early week losses Wednesday although markets looked to be finding some support, but prices for naphtha in...
16 Oct 2024
Global refinery margins sank to their lowest seasonal level since the Covid pandemic last month, according to the EIA...
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