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Algeria open to keeping voluntary oil cuts beyond Q1 if needed

02/02/2024

OPEC member Algeria said was it was ready to carry on with its voluntary oil production cuts beyond the end

Saudi Arabia’s capacity U-turn was months in the making

02/02/2024

Saudi Arabia’s surprise reversal of its oil expansion plan was at least six months in the making and spurred by

Oil set for weekly loss despite gain on OPEC+ output decision

02/02/2024

Oil prices rose on Friday after the OPEC+ group’s decision to keep its production policy unchanged, but benchmarks remained on

US crude production in November rose to monthly record -EIA

02/02/2024

U.S. crude production in November rose 0.6% to a new monthly record of 13.31 million barrels per day, as output

Russia’s Novak: OPEC+ remains ready to act on oil markets

02/02/2024

Russian Deputy Prime Minister Alexander Novak said on Thursday that the OPEC+ group of oil-producing countries is ready to act

Singapore middle distillates stocks climb for second straight week

02/02/2024

Singapore’s middle distllates inventories rose for the second consecutive week as a decline in jet fuel/kerosene net exports outweighed increments

North America leads global long-term LNG contracts signed in 2023, finds GlobalData

02/02/2024

North America has led globally in terms of the number of long-term contracts signed in 2023 for the export of

OPEC+ to review oil cut extension in March, ministers leave policy unchanged

02/02/2024

OPEC+ will decide in March whether or not to extend voluntary oil production cuts in place for the first quarter,

Asia Distillates-Trading activity slightly more upbeat, but prices rangebound

02/02/2024

Asia’s middle distillates markets saw more activity both on the spot tender and paper swaps fronts, but overall price movements

Oil prices buoyed by US signals on interest rate cuts

02/02/2024

Oil prices edged higher on Thursday, boosted by the U.S. Federal Reserve signalling a possible start to interest rate cuts

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