Latest News

Light product cracks continued to improve on both sides of the Suez this week against the backdrop of easing global trade tensions as the...

Taiwan's biggest oil refiner CPC is set to shut some of its crude distillation units in June for planned maintenance despite the overlap of peak...

New emissions limits in the Mediterranean are redrawing bunker fuel flows, though a slump in Suez Canal traffic and limited ULSFO...

A commodities hedge fund operated by high-profile manager Pierre Andurand has slumped by over 50% so far in 2025...

China is considering a tariff exemption on US ethane imports alongside 130 other products in the latest move that could mark a major de-escalation of...

Weekly US natural gas inventories registered its biggest increase since May 2024 as rising temperatures...

Crude oil futures were slightly higher as markets faced mixed signals with the growing prospect of easing trade tariffs offset by OPEC+ discord...

Brent crude oil futures ended the cash market close slightly higher on Thursday as conciliatory tones on a trade war with China were offset by concerns of a break in OPEC+ unity...

Eni posted a first-quarter loss in its refining division as an unplanned FCC outage and lower utilisation weighed on performance...

UK indigenous crude production rose to 2.382 million mt in February, equivalent to around 794,000 bpd, according to government data...

Rhino Resources, operator of the petroleum exploration license (PEL85), and its partners have found oil in the Capricornus 1-X well in...

Valero's fuel import permit for Mexico was briefly suspended earlier this month because of a government...

Gasoline stocks in Northwest Europe dropped to their lowest levels since November this week as refinery maintenance across the continent...

The east-west naphtha spread widened to its highest level since January during trade on Thursday, driven by reduced LPG availability...

Valero Energy Corp reported a net loss of $595 million in the first quarter of this year compared to net income of $1.2 billion a year ago...

Kazakhstan's reluctance to fully comply with OPEC+ quotas has exposed fault lines within the group, as national priorities begin to eclipse...

Polish energy producer Orlen has signed a third deal to supply 100 million cubic metres of US liquefied natural gas to Ukraine, the firms...

Idemitsu Kosan said on Thursday it plans to build two dual-fuel engine Very Large Crude Oil Carriers (VLCCs)...

S&P Global Ratings downgraded Bahrain's outlook to negative on Wednesday, warning that falling oil prices and tighter financing conditions...

Maritime decarbonisation efforts based upon alternative fuels such as ammonia face hurdles around affordability, availability and energy wastage, shipping industry representatives said Wednesday...