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ConocoPhillips reports fourth-quarter and full-year 2023 results, 123% preliminary reserve replacement ratio; announces


ConocoPhillips (NYSE: COP) today reported fourth-quarter 2023 earnings of $3.0 billion, or $2.52 per share, compared with fourth-quarter 2022 earnings

Asia Distillates-Prompt east-west arbitrage at five-month low; premiums near 1-month low


Asia’s middle distillates margins posted a fourth consecutive session of robust gains, buoyed by the upbeat sentiment in the West

US Permian deal frenzy adds to lower oil output growth in 2024


Oil production in the prodigious Permian shale basin in Texas and New Mexico this year will see the slowest annual

India’s oil policy helps to overcome limited strategic storage bottleneck: minister


India managed to successfully navigate volatile oil markets by planning its oil imports carefully from new sources and ensuring required

India could triple its biofuel use and accelerate global deployment


India has quickly joined the ranks of major biofuel producer and consumer thanks to a set of coordinated policies, high-level

Feature: Pipeline network crucial to Europe’s bold 2030 hydrogen plans


The planned European Hydrogen Backbone pipeline system is becoming increasingly critical to the success of the continent’s nascent clean hydrogen

The Commodities Feed: Refined product strength


Energy – US product draws
EIA weekly inventory numbers show that US commercial crude oil inventories increased by 5.52m barrels over

Oil rises on slim progress in Gaza peace talks, weaker dollar


Oil extended gains on Thursday after Israel rejected a ceasefire offer from Hamas, while a weaker dollar also supported prices.


Europe oil product markets hurting as Red Sea attacks delay deliveries, IEA exec says


Delays in oil product deliveries due to ships being diverted avoid attacks in the Red Sea are impacting product markets

LNG sale and purchase agreements signed in 2023 support U.S. LNG projects


Developers advanced three liquefied natural gas (LNG) projects to the construction phase in 2023, following the signing of sale and

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