Brent Crude prices have held above $80 per barrel for most of February, with signs pointing to a tightening in the physical market as OPEC+ production cuts continue and the rerouting of cargoes away from the Red Sea and the Suez Canal dr...  +

Red Sea shipping delays and OPEC+ supply cuts are tightening physical oil markets in Europe and Africa as well as the Brent crude market structure, lending further support to oil futures prices, according to traders, LSEG data and analys...  +

Demand for sustainable aviation fuel (SAF) should see a long-sought boost after regional airline hub Singapore said it would require SAF on flights from 2026, but high costs and uncertain raw material supply will mean barriers to wider a...  +

Asia’s gasoil refining crack extended its decline on Monday, while the regrade spread continued to narrow. Read Article  +

A push to replenish depleted oil stocks notably in China, the United States and Europe could buoy demand and prices in coming months, analysts and traders said, as tensions in the Middle East threaten key shipping lanes. Read Article  +

Marine bunker fuel sales in Singapore kickstarted 2024 on a firm note, the latest data for January showed, climbing 12.1% year-on-year as shipping disruptions in the Red Sea spurred more ships to refuel in the city-state. Read Article  +

Prices of naphtha, a key petrochemical feedstock, have jumped in Asia as drone attacks on Russian refineries and the Red Sea shipping crisis have disrupted European shipments, trade sources and analysts said. Read Article  +

Saudi Arabia is investing hundreds of billions of dollars in natural gas, but analysts are divided about the chances of the world’s largest oil exporter becoming a gas-exporting powerhouse too. Read Article  +

Europe’s oil refineries are stepping up crude purchases following a surge in the price of diesel and disruptions to imported shipments from the Middle East. The situation is driving up the cost of physical barrels of oil. Read Article  +

Australia’s importers of petrol and diesel should consider forging long-term supply deals with exporting countries reflecting growing risks that consumers will be hit by price shocks as OPEC and its allies start to wield more control ove...  +