Latest News

27 Nov 2024
The Hi5 spread in Singapore slipped to its lowest level in five months, with weakness in the marine fuel market weighing on the spread...
27 Nov 2024
US commercial crude oil inventories drew by 1.844 million barrels during the latest reporting cycle, the largest decline in six weeks...
27 Nov 2024
Chevron has criticized California lawmakers for passing a controversial bill that forces refiners to hold more inventories, saying it will only...
27 Nov 2024
OPEC+ is considering a further delay in planned production increases, according to the latest media briefings ahead of...
27 Nov 2024
The UK automotive industry has issued a stark warning to policymakers Wednesday, calling for urgent government action to safeguard...
27 Nov 2024
The US state of Maine has filed a lawsuit against major oil companies, joining a wave of legal challenges seeking to hold the fossil fuel...
27 Nov 2024
Fuel oil stocks at Fujairah fell sharply by 3.5 million barrels, or 35%, to 6.27 million barrels in the latest week, marking one of the steepest...
27 Nov 2024
The Pluto LNG facility in northern Australia remained offline Wednesday following an emergency shutdown earlier in the week...
27 Nov 2024
Middle East crude prices eased slightly Wednesday after the Israel-Hezbollah ceasefire deal, while gasoline margins continued to firm to hit...
27 Nov 2024
Jet fuel prices may face a sharp upward trajectory in 2025 as supply constraints collide with rebounding demand, according to freight...
27 Nov 2024
Suncor was bringing back online a unit at its Sarnia refinery Wednesday after the fire brigade was called to an operational...
27 Nov 2024
US crude oil inventories posted a larger-than-expected draw the week ending 22 November, while stockpiles of refined products were higher...
27 Nov 2024
Brazil's diesel production reached 912,167 bpd in October, the highest level since 2015, even as crude processing slipped to 1.994 million...
27 Nov 2024
Citi has reaffirmed its bearish $60/b Brent forecast for 2025, citing a looming supply surplus and weak demand as persistent challenges...
27 Nov 2024
Japan's light refined oil product supply surplus widened further last week as weak seasonal demand lifted oil product inventories...
26 Nov 2024
Global marine fuel supplier Peninsula said Tuesday it will resume physical operations in the Houston market in December...
26 Nov 2024
Benchmark oil futures nudged higher Tuesday as investors braced for escalating tensions between Russia and Ukraine, spurring LSGO cracks to...
26 Nov 2024
Mexico's Pemex extinguished a fire at Pemex's Salina Cruz refinery Tuesday, with authorities reporting no damage or injuries...
26 Nov 2024
Nigeria's crude oil production was largely unchanged last month at 1.3 million bpd, according to official data...
26 Nov 2024
India's refined product output ticked higher again last month to push volumes up sharply on the year...
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