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Oil rises on lower-than-expected rise in U.S. crude stockpiles


Oil prices rose for a third day on Wednesday after U.S. crude inventories grew less than expected and a cut

The Commodities Feed: Rangebound trading


Energy – slower US oil output growth

Oil prices edged higher yesterday, though they continue to trade in a fairly rangebound

US crude production to rise to 13.21 million bpd in 2024 – EIA


U.S. crude oil production will rise to 13.21 million barrels per day (bpd) in 2024 the U.S. Energy Information Administration

U.S. crude oil inventories up last week: API


The American Petroleum Institute (API) on Tuesday reported an increase of 0.674 million barrels of crude oil in U.S. inventories

Oil gains on tighter supply prospects, Gaza ceasefire talks in focus


Oil prices rose on Tuesday in anticipation of tighter supply later in February while markets watched U.S. diplomatic efforts to

Saudi Arabia keeps Arab Light crude price to Asia unchanged in surprise move


Top oil exporter Saudi Arabia unexpectedly kept March price of its flagship Arab Light crude to Asia unchanged at a

U.S. natural gas consumption established a new daily record in January 2024


On January 16, 2024, a record high of 141.5 billion cubic feet (Bcf) of natural gas was consumed in the

Asia Distillates-Margins at more than 3-mth high, physical markets quiet


Asia’s middle distillates refining margins firmed to a more than three-month high of above $26 a barrel, reflecting the support

Russia’s Novatek won’t resume condensate processing at Ust-Luga this month – sources


Russian company Novatek NVTK.MM will not resume gas condensate processing at its damaged complex in the Baltic Sea’s port of

Asia Naphtha/Gasoline-Naphtha crack rises for a second consecutive day


Asia’s naphtha markets extended gains on Tuesday as supply disruption fears on the Red Sea route due to tensions in

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