Latest News

4 Mar 2025
Abu Dhabi's Adnoc and Austria's OMV have agreed terms to merge their polyolefin businesses to create one of the largest petrochemical companies in the world
4 Mar 2025
Russian authorities have put out a fire at an oil pipeline in the southern Rostov region after a suspected Ukrainian drone strike overnight, acting governor Yuri Slyusar said on Tuesday...
4 Mar 2025
More Venezuelan crude oil could head to China in the coming months via the so-called dark fleet market as US President Trump axed Chevron's licence to...
4 Mar 2025
Goldman Sachs warned of downside risks to oil prices as eight OPEC+ countries move to unwind voluntary production cuts earlier than...
4 Mar 2025
The US imposed 25% tariffs on imports from Canada and Mexico on Tuesday, triggering swift retaliation from Ottawa and raising the...
3 Mar 2025
Retaliatory tariffs emerging from the ongoing trade war could add to demand uncertainty for the American...
3 Mar 2025
Tanzanian refined products imports in April will total roughly 786,000 mt, which, although not an increase from March, still reflects a more...
3 Mar 2025
Eight OPEC+ countries representing a combined 30.5 million bpd of crude output said Monday they will stick with previous guidance...
3 Mar 2025
The European Commission will speed up a review of its 2035 targets to cut tailpipe emissions from cars with a focus on full technology neutrality...
3 Mar 2025
A Venezuelan navy vessel threatened ExxonMobil FPSOs operating offshore Guyana over the past few days, the US and Guyana governments said...
3 Mar 2025
Asian jet fuel cracks fell to a two-month low Monday as the end of peak heating season freed up kerosene supplies, increasing availability...
3 Mar 2025
Alaska North Slope crude oil production in January hit a two-year high while monthly output has risen four of the past six months...
3 Mar 2025
Benchmark crude oil futures opened the week marginally lower on Monday, with investors struggling to navigate an increasingly uncertain...
3 Mar 2025
US stockpiles for major transportation fuels next year will sink to the lowest since 2000 because of refinery closures scheduled for this year...
3 Mar 2025
Brussels will ease new emission rules for internal combustion engine (ICE) vehicles to allow carmakers to avoid billions in fines...
3 Mar 2025
Australia's road fuel consumption was sharply lower in December, official data revealed on Monday, as industrial output entered its...
3 Mar 2025
Crude oil futures opened the week little changed despite a brief boost from China, as short-term direction remains highly uncertain amid tariffs...
3 Mar 2025
The startup of oil production at Equinor's Arctic Johan Castberg field has been delayed due to adverse weather conditions, the Norwegian...
3 Mar 2025
Backwardation has shot up in naphtha markets, with Russian supply under threat from escalating drone attacks on its domestic refineries.
3 Mar 2025
Shell is considering the divestment of its chemical assets in Europe and the United States, according to a report written by the Wall Street Journal on...
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