Latest News
2 Oct 2024
The European commission is set to add to tariffs imposed on Chinese EVs last month in a bid to shield domestic manufacturers from...
2 Oct 2024
Saudi Arabia's energy minister sent a warning shot to OPEC+ coalition members that have been persistently producing above quota...
2 Oct 2024
The OPEC+ producer group is performing a noble job in balancing oil markets and managing price stability, UAE Energy Minister...
2 Oct 2024
Spanish road fuel demand was up sharply on the year in August as summer travel demand reached its seasonal peak...
2 Oct 2024
Chevron resumed production at the Tamar and Leviathion natural gas platforms offshore Israel on Wednesday...
2 Oct 2024
East-of-Suez crude prices soared by more than 6% in response to Iran's missile strikes against Israel, with the sharp rally extending...
2 Oct 2024
The seasonal decline in air travel demand accelerated last week in Europe with summer holidays wrapped up...
2 Oct 2024
Crude oil output in the Canadian province of Alberta reached its highest level so far this year in August...
2 Oct 2024
Inventories of light end of the barrel in Fujairah rebounded sharply last week, more than offsetting a steep draw of refinery bottoms to lift...
2 Oct 2024
US crude oil inventories posted a further draw for the week ending 27 September, while product stockpiles were mixed...
2 Oct 2024
Refined oil product inventories in Japan rebounded 3% last week to a three-month high of 63.53 million barrels as local refiners ramped up crude...
1 Oct 2024
Crude oil futures surged higher on the deteriorating geopolitical situation in the Middle East, sparking fears a major expansion in...
1 Oct 2024
Crude and product futures were sharply higher Tuesday on reports Iran was preparing a ballistic missile strike at Israel...
1 Oct 2024
Naphtha cracks hit fresh highs Monday, propelled by strong Chinese demand in the run up to its Golden Week...
1 Oct 2024
A meeting scheduled for Wednesday by members of an OPEC+ technical committee is not expected to make any recommendation...
1 Oct 2024
TotalEnergies will ink a final investment decision (FID) for the GranMorgu development on Block 58 in Suriname for $10.5 billion, the company...
1 Oct 2024
Arbitrage economics for high sulfur fuel oil cargoes continued to point towards the West of Suez as supply cuts in Europe and weaker spot...
1 Oct 2024
HSBC has cut annual oil price forecasts for this year and the next, citing increased OPEC+ supply later this year outpacing sluggish demand...
1 Oct 2024
Taiwan has shut its largest ports, grounded flights and reduced some refinery operations as Super Typhoon Krathon...
1 Oct 2024
Middle East crude opened the new trading month lower as faltering demand growth offset political tensions in the region, a move that also pulled margins for...