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Oil prices fall 2% to six-week low on ceasefire talks, demand concerns

24/07/2024

Oil prices fell about 2% to a six-week low on Tuesday on rising expectations of a ceasefire in Gaza and

Less natural gas consumption in Europe is keeping storage full

24/07/2024

Consumption of natural gas in Europe consistently decreased since mid-2022, driven by a combination of mild winter weather and government policies aimed at reducing natural gas consumption. In 2023, natural gas consumption in the European Union’s 27 member countries (EU-27)

Middle East Crude-Oman, Dubai premiums rise; Murban edges lower

24/07/2024

Spot premiums for Middle East crude benchmarks Oman and Dubai rose on Tuesday while Murban’s premium inched down.

ARBITRAGE

India’s BPCL has

Ukraine’s Naftogaz plans to increase gas, oil output in 2024

24/07/2024

Ukraine’s largest state energy company Naftogaz is planning to increase its gas and oil production this year despite a constant

Russia accuses Ukraine of using oil transit issue as a ‘manipulation button’, TASS reports

24/07/2024

Russian Foreign Ministry spokeswoman Maria Zakharova on Tuesday accused Ukraine of using the issue of energy transit via its territory

Asia Naphtha/Gasoline-Naphtha margin rises for second session, gasoline steady

24/07/2024

Asia’s naphtha margin rose for a second straight day, reflecting the weakness in crude prices on Tuesday, although demand-supply fundamentals

Prices little changed on flat demand, Freeport LNG resumption

24/07/2024

Dutch and British wholesale gas prices were little changed on Tuesday morning as demand was flat and the U.S. Freeport

Norway June oil and gas output beat forecasts

24/07/2024

Norway’s natural gas output rose in June, beating an official forecast, while crude oil production also exceeded expectations, the Norwegian

Iran lowers August light crude oil price to Asia

23/07/2024

Iran has set the official selling price (OSP) for its light crude oil grade for Asian buyers at $2.10 a

Asia Distillates-Refiner sales for Aug in full swing; Trafigura buys more on window

23/07/2024

Asia’s middle distillates markets continued to record more refiner sale activities for August cargoes, in line with earlier expectations, while

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