Asia’s gasoline margins have recently swung back to a premium after mainly being at discounts since the start of 2019 as rising demand from Indonesia and upcoming refinery maintenance raised supply concerns.   Read Article  +

Abu Dhabi National Oil Company awarded SK Engineering & Construction a Dh4.4 billion contract to build the world’s largest single-site underground crude storage facility in Fujairah.   Read Article  +

South Korea and China just served oil traders with a little reminder that one the market’s brighter trades -- diesel -- is far from a one-way bet.   Read Article  +

South Korea and China just served oil traders with a little reminder that one the market’s brighter trades -- diesel -- is far from a one-way bet.   Read Article  +

Asia’s biggest oil consumers are flooding the region with fuel as refining output is exceeding consumption amid a slowdown in demand growth, pressuring industry profits.   Read Article  +

Asia’s biggest oil consumers are flooding the region with fuel as refining output is exceeding consumption amid a slowdown in demand growth, pressuring industry profits.   Read Article  +

They are slowly plowing their way across thousands of miles of ocean toward America’s Gulf of Mexico coastline. As they do, twelve empty supertankers are also revealing a few truths about today’s global oil market.   Read Article  +

They are slowly plowing their way across thousands of miles of ocean toward America’s Gulf of Mexico coastline. As they do, twelve empty supertankers are also revealing a few truths about today’s global oil market.   Read Article  +

India’s poll politics and Prime Minister Narendra Modi’s ambition to win a second straight term has claimed an unlikely victim. A proposed $44 billion oil refinery on the western coast to be built with investments from Saudi Arabia.   ...  +

Indian Oil Corp, the country’s top refiner, has signed its first annual deal to buy U.S. oil, paying about $1.5 billion for 60,000 barrels a day in the year to March 2020 to diversify its crude sources, its chairman said on Monday.   R...  +