Latest News

27 Jan 2023
US major Chevron reported record annual profits of $35.5bn Friday, more than double 2021...
27 Jan 2023
Mobility during this year’s Lunar New Year holidays in China far exceeds 2022 levels by a number of official...
27 Jan 2023
Industrial action at Neste’s oil and biofuel refinery in Porvoo, Finland will go ahead in early February...
27 Jan 2023
Benchmark Dubai crude ended the week on a firm note with prices hitting two-month highs, while distillate cracks...
27 Jan 2023
Middle East benchmark Dubai crude posted a third week of gains Friday as China's anticipated post-Covid rebound continued to underpin...
27 Jan 2023
Refiner Valero expects firm refining margins to continue for 2023, as the US refining sector is likely to enjoy further advantages over its European counterparts...
27 Jan 2023
Russian president Vladimir Putin has told his government to look into the way that it calculates taxes on the oil industry...
27 Jan 2023
The European Union is floating a plan to cap the price of Russian diesel at $100 a barrel, which analysts said is a level...
27 Jan 2023
Iran is offering increasingly large discounts on sales of crude into China with the US-sanctioned oil facing increasingly stiff competition from Russian barrels...
26 Jan 2023
Crude oil futures Thursday were higher following the latest EIA data revealing a smaller-than-expected rise in crude stocks, while increased rhetoric from Russia...
26 Jan 2023
Crude edged higher Thursday as the US economy grew faster than expected and geopolitical...
26 Jan 2023
Months after the White House vowed to punish Saudi Arabia for cutting oil output in defiance of American wishes, the Biden administration has ended its talk of retaliation...
26 Jan 2023
Bio-blended bunker fuel sales in the Port of Rotterdam soared to a record high in the last quarter of 2022, with...
26 Jan 2023
US-based PNC Financial Services Group has closed its second green bond issuance, with the $1.25 billion proceeds...
26 Jan 2023
Only 7% of Mexican companies in the oil and gas sector are complying with the regulations to prevent and control...
26 Jan 2023
Gasoline stocks jumped this week in the ARA region on lower export demand, while diesel...
26 Jan 2023
US refiner Valero reported a ten-fold increase in full-year profit to $11.5 billion Thursday...
26 Jan 2023
UK diesel and gasoil stocks fell to their lowest in nearly 17 years in November as Russian imports dried up...
26 Jan 2023
Bunker sales in Panama jumped to an eight-month high in December but still remained well short of a pre-Covid...
26 Jan 2023
Utilization rates at Japan’s crackers sank to at least a ten-year last month on subdued regional demand...
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