Iran has slashed crude oil production to its lowest level in four decades as storage tanks and vessels are almost completely full due to a fall in exports and refinery run cuts caused by the coronavirus pandemic, industry data showed.  ...  +

Crude oil is the world’s most important commodity, but it’s worthless without a refinery turning it into the products that people actually use: gasoline, diesel, jet-fuel and petrochemicals for plastics. And the world’s refining industry...  +

Crude oil is the world’s most important commodity, but it’s worthless without a refinery turning it into the products that people actually use: gasoline, diesel, jet-fuel and petrochemicals for plastics. And the world’s refining industry...  +

Iran has slashed crude oil production to its lowest level in four decades as storage tanks and vessels are almost completely full due to a fall in exports and refinery run cuts caused by the coronavirus pandemic, industry data showed.  ...  +

Taiwan's gasoline exports this year are expected to fall by 50 per cent versus 2019 as its two refiners scale back supplies to combat slow demand, a move that could help keep excess supplies down, industry sources said.   Read Article  +

Low global prices are helping India's LNG appetite to rebound faster than expected, after a countrywide lockdown kept demand in negative territory for a few months in the first half of 2020, with most analysts expecting the year to end w...  +

Low global prices are helping India's LNG appetite to rebound faster than expected, after a countrywide lockdown kept demand in negative territory for a few months in the first half of 2020, with most analysts expecting the year to end w...  +

Saudi Arabia's plans to restrict the number of pilgrims during the annual Hajj pilgrimage to a few thousands will likely dent jet fuel demand in the Arab world's biggest economy, which last year welcomed around 2 million during the seaso...  +

Asian refiners’ profits from gasoil have more than trebled from a record low seen in early May as demand recovers after sweeping lockdowns imposed to curb the COVID-19 pandemic, although refiners ramping up production after maintenance c...  +

Saudi Arabia's plans to restrict the number of pilgrims during the annual Hajj pilgrimage to a few thousands will likely dent jet fuel demand in the Arab world's biggest economy, which last year welcomed around 2 million during the seaso...  +