Latest News

31 Jan 2023
Crude prices slid Tuesday as investors awaited the US Federal Reserve’s decision on its next interest...
31 Jan 2023
Major airlines in Asia Pacific reported a six-fold increase in the number of passengers in 2022 as...
31 Jan 2023
Crude oil futures Tuesday edging higher having reversed earlier losses, as focus switched to macroeconomics and the likely direction of...
31 Jan 2023
Brazil's crude oil exports in December continued to push on to hit a record high after November’s figures were revised...
31 Jan 2023
Biofuel use in the UK dipped slightly in the final quarter of 2022 according to provisional customs data released Tuesday...
31 Jan 2023
ExxonMobil reported a record $56bn in full-year profits Tuesday following another big quarter..
31 Jan 2023
Norway’s sovereign wealth fund on Tuesday reported a record loss of 1.64 trillion Norwegian kroner ($164 billion) for 2022...
31 Jan 2023
US refiners Phillips66 and Marathon both reported a sharp surge in quarterly profits Tuesday...
31 Jan 2023
Underlying volumes in the North Sea Dated Brent benchmark are slated to increases slightly in March...
31 Jan 2023
Benchmark Dubai crude continued to give up recent gains as demand optimism from China gave way to broader...
31 Jan 2023
The January monthly average price for benchmark Middle East Dubai crude climbed by just over 4%...
31 Jan 2023
Road diesel demand in the UK flipped back below pre-Covid levels in Q4 last year, while gasoline...
31 Jan 2023
Oil product demand reached a two-year high last month in Japan, as higher road fuel consumption...
31 Jan 2023
Russian seaborne crude exports have remained mostly intact since the EU imposed sanctions early December, but with major changes emerging in the structure...
31 Jan 2023
The IMF increased its global economic growth forecast for the first time in a year, citing the boost in US spending power, China’s reopening and...
30 Jan 2023
Oil futures continued to soften into the end of month as the trade continued to square positions ahead of a series...
30 Jan 2023
More than 40 million people from Texas to West Virginia are under winter weather alerts Monday as a system threatens...
30 Jan 2023
Crude oil futures Monday were drifting lower as ongoing recessionary fears extended Friday’s losses, despite rising geopolitical tensions and...
30 Jan 2023
Indian refiners Mangalore Refinery and Petrochemicals (MRPL) and Bharat Petroleum...
30 Jan 2023
BP lowered its forecast for oil demand and global economic growth as a consequence...
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