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Kuwait cuts June crude oil official selling prices for Asia


Kuwait has set the June official selling price (OSP) for Kuwait Export Crude (KEC) at $1.15 per barrel above the

U.S. crude output to decline more than previously forecast in 2021 -EIA


U.S. crude oil production is expected to fall by 290,000 barrels per day (bpd) in 2021 to 11.02 million bpd,

Qatar pivots to LNG-hungry China in strategy shift


Qatar is in talks to make Chinese firms partners in its liquefied natural gas expansion project, the world’s largest, in

Oil drops as India’s COVID crisis puts brakes on rally


Oil prices fell 1% on Thursday as India’s coronavirus crisis deepened, halting a rally that had lifted crude to an

IEA sees oil demand recovery outpacing growth in supply


Oil demand is already outstripping supply and the shortfall is expected to widen even if Iran boosts exports as vaccinations

Fuel shortages worsen on sixth day of top U.S. fuel pipeline outage


Fuel shortages worsened in the southeastern United States on Wednesday, as the shutdown of the largest U.S. fuel pipeline network

UK GAS-Prices correct lower, but bullish support factors remain


British wholesale gas prices eased on Tuesday morning in a correction from gains seen the previous day, but overall bullish

ENGINE: Europe & Africa Bunker Fuel Availability Outlook

Low sulphur bunker fuels are still in good availability across European and African ports. HSFO can be tight for prompt dates with suppliers in the Canary Islands and South Africa.

Supply is ample across grades in ARA and the Gibraltar

SBM Offshore upbeat on new projects after Q1 revenue fall


A string of new projects will help boost revenues at SBM Offshore SBMO.AS, the oil and gas services company said

Oil industry spending cuts hammer services firm CGG


French oil services group CGG posted a 71% plunge in first-quarter core profit on Wednesday, reflecting a year of drastic

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