Latest News

9 Feb 2024
Brazil’s Petrobras reported another jump in quarterly output Friday on the back of its prolific pre-salt assets...
9 Feb 2024
Vitol has reportedly offered to buy-out the Morrati family of its 40% stake in Italian refiner Saras...
9 Feb 2024
European high sulfur fuel oil prices were supported through the week as tightening...
9 Feb 2024
A 130,000 bpd refinery in southern Russia has suffered a fire after being hit in an overnight drone attack, the latest in a series of...
9 Feb 2024
Middle East oil prices were higher for a fourth session Friday, cementing the week’s solid gains, while east-west spreads for middle distillates...
9 Feb 2024
Restocking of the US’ Strategic Petroleum Reserve (SPR) is set to continue, with the Department of Energy (DOE) saying Thursday it is looking...
8 Feb 2024
Crude and product prices were higher Thursday as Hamas-Israel peace talks stalled, while support carried over...
8 Feb 2024
Crude oil futures Thursday were around 2.5% higher as the week's firm trend continued, underpinned by stronger refined products and faltering ceasefire talks...
8 Feb 2024
US Independent producer Devon Energy has made moves to acquire fellow independent driller Enerplus...
8 Feb 2024
Gasoline stocks in the ARA region climbed another 13% this week amid reports of increased blending demand for exports...
8 Feb 2024
Germany is reportedly considering nationalising Russian energy company Rosneft’s...
8 Feb 2024
The high sulfur fuel oil east-west spread has hit its widest in three months as delays to shipping on the Red Sea continue to take their toll on the...
8 Feb 2024
China’s January LPG imports are set to have rebounded from an 8-month low seen through December, with the uptick in cargo arrivals...
8 Feb 2024
Shipping giant A.P. Moller-Maersk said the current rerouting of its fleet to avoid using the Red Sea will likely last at least several more weeks...
8 Feb 2024
Soaring gasoline demand pushed Spanish road fuel consumption above pre-pandemic demand for the first time last year...
8 Feb 2024
Port workers at the Sullom Voe oil terminal in the North Sea have voted for strike action...
8 Feb 2024
Difficulty in shipping naphtha out of Europe because of Red Sea diversions has helped push the feedstock...
8 Feb 2024
Japanese oil refining and petrochemical cracking major Cosmo Energy Group is aiming to ramp up the production...
8 Feb 2024
Gasoline and diesel prices in the Chicago region have jumped sharply higher after it emerged the Midwest’s...
8 Feb 2024
TotalEnergies has shut its 238,000 bpd Port Arthur refinery in Texas just a few days after it restarted...
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