Amid geopolitical tensions and heightened uncertainty over global economic prospects, oil markets are undergoing significant changes as the key drivers of supply and demand growth of the past 15 years start to ease, according to the latest edition of our

According to our latest annual Refinery Capacity Report, U.S. operable atmospheric distillation capacity, the primary measure of refinery capacity, totaled 18.4 million barrels per calendar day (b/cd) on January 1, 2025—essentially flat compared with last year.

We publish two measures of

Asia’s middle distillates’ market activity was mostly muted amid slow trading momentum on the last trading day of June as

Middle East crude benchmarks Oman, Dubai and Murban moved upwards on Monday and posted gains on monthly basis as the

Equinor has struck oil in exploration well 7720/7-DD-1H, Drivis Tubåen, on the Johan Castberg field in the Barents Sea.

The well

Asia’s naphtha refining profit margin gained some ground on Monday after crude oil benchmarks weakened and hopes of a rise

Oil prices held steady on Monday as Middle East risks eased while a possible OPEC+ output increase in August and

Oil prices have been steadier for the past couple of days back below $70 a barrel, and traders in options

The contained move in oil prices during the Israel-Iran war highlights the increasing efficiency of energy markets and fundamental changes

The world’s largest group of oil producers, OPEC+, is set to announce another big increase of 411,000 barrels per day