Latest News

22 Apr 2025
Italian deliveries of refined oil products fell by 2% over the year to March, industry figures showed late last week, with declining sales of diesel...
22 Apr 2025
Middle East crude prices posted slim gains for a second session, while backwardation at the front of the gasoline forward curve continued to...
22 Apr 2025
Arrivals of Russian crude oil to India are on track to reach the highest level since last November, amid increased shipments from the Far East...
22 Apr 2025
Russia lowered its oil price and export forecasts for 2025, pointing to tighter fiscal conditions as energy revenues decline and trade...
22 Apr 2025
The CFTC is seeking feedback on allowing round-the-clock derivatives trading and perpetual futures offerings...
22 Apr 2025
Bunker sales from bonded storage in China next quarter are expected to underperform compared to last year, as the escalated trade war between the US and...
22 Apr 2025
Speculators continued to unwind long positions in Brent crude last week, as mounting concerns over a prolonged global surplus and the...
22 Apr 2025
South Korea will continue to offer tax breaks on domestic oil products for another two months at a lower rate against a backdrop of softer...
21 Apr 2025
US crude prices fell 2.5% Monday after the long, Easter holiday weekend amid fears the US and China are not making progress...
21 Apr 2025
Crude oil futures opened the week lower following the extended holiday weekend as tariff concerns continued to dominate sentiment...
21 Apr 2025
Talks between the US and Iran on Tehran's nuclear ambitions were seen moving forward after the two sides agreed to a third round...
21 Apr 2025
Ports in the US will begin charging new fees that will increase over time for ships belonging to Chinese...
21 Apr 2025
The Department of Interior (DOI) is looking to develop an expanded multi-year US offshore oil and...
21 Apr 2025
Chevron has begun service at its joint-venture Ballymore oil and gas field in the Gulf of Mexico (GOM)...
21 Apr 2025
Russia and Kazakhstan have held a series of high-level discussions, prompting speculation that Moscow has been tasked with convincing...
21 Apr 2025
Turkey is set to finalise an oil and gas exploration deal in Bulgaria's Black Sea waters next month as part of a broader drive to reduce its...
21 Apr 2025
Middle East crude prices opened the week higher, while the front month gasoil EFS reached the widest in a fortnight...
21 Apr 2025
QatarEnergy has awarded its monthly Al Shaheen tender for June-loading cargoes at higher levels on the month, reflecting the improvement...
21 Apr 2025
OPEC+ needs to clear a backlog of almost 140 million barrels via its "compensation mechanism" if is to clear the overproduction since...
21 Apr 2025
China's gasoline and diesel production fell sharply in March from a year earlier, as rising adoption of electric and LNG-powered vehicles...
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