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US oil demand grew to highest seasonal level since 2019 in July, EIA data shows

01/10/2024

U.S. oil demand rose in July to the highest seasonal level since 2019 while output declined for the second time

Brent crude oil expected to average $81.52/bbl in 2024

01/10/2024

Analysts have cut their 2024 oil price forecasts for a fifth consecutive month, citing weaker demand and uncertainty over OPEC’s

Russia’s Novak sees oil price volatility easing despite Middle East turmoil

01/10/2024

Russian Deputy Prime Minister Alexander Novak expects oil prices’ fluctuations will subside following volatility spurred by the tensions in the

Algiers Accord turns eight: Historic testament to OPEC’s unwavering commitment to oil market stability

01/10/2024

The historic Algiers Accord, signed by OPEC Member Countries in 2016 in Algiers, Algeria, reached eight years today.

On 28 September

Asia Naphtha/Gasoline-Gasoline crack drops to two-week low, naphtha crack hits 8-month high

01/10/2024

Asia’s gasoline margins dipped to a two-week low on Monday without any deals being concluded.

The crack fell to $4.32 per

Deflation risks rise as OPEC aims to regain market share and cut oil prices

01/10/2024

Sometimes a headline says it all. And that was certainly the case with Thursday’s Financial Times headline. It shouldn’t have

Oil production in US Gulf of Mexico recovers post Hurricane Helene

01/10/2024

Only 3% of crude oil and 1% of natural gas production in the Gulf of Mexico remained shut down in

Asia Distillates-Spot diesel market extends recovery

01/10/2024

Asia’s spot diesel market extended recovery into the final trading day of the month, supported by expectations of lower volumes

Big US oil companies reveal massive payments to foreign governments

30/09/2024

The three largest U.S. energy exploration companies paid more than $42 billion to foreign governments last year, about eight times

Middle East Crude-Dubai, Oman premiums ease to below $2

30/09/2024

Middle East crude benchmarks rose on Monday, the final trading day of September, though spot premiums for Dubai and Oman

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