As Saudi Arabia leads three other Arab nations in accusing Qatar of links to terror groups and being too close to Iran, one thing is becoming increasingly clear in the oil market: tensions have yet to reach a point where the world’s biggest crude ...  +

Abu Dhabi demand for gasoline is expected to stay firm after its plans to restart a gasoline-making secondary unit at its Ruwais refinery were delayed by about a year into early 2019.   Read Article  +

Europe's steady exports of gasoline to the United States have slowed substantially this year as tanks filled in the world's largest consumer nation and once-meteoric demand growth slowed.   Read Article  +

Goldman Sachs is slashing its three-month price forecast for WTI to US$47.50 a barrel from US$55, seeing output gains in Libya and Nigeria as jeopardizing OPEC’s efforts to reduce global inventories, so the cartel may have to cut deeper in order t...  +

For the week ending June 23, 2017, oil prices fell below $45 per barrel. Oil prices touched $45 for the first time in 2017. Also, oil prices fell for the fifth consecutive week. Oil prices have fallen almost 20% since the beginning of the year.  ...  +

Oil prices recovered after falling into a bear market amid speculation rising U.S. output will blunt OPEC-led efforts to trim a global glut.   Read Article  +

Fuel oil profit margins have surged to their highest in more than five years on lower supplies and rising demand from electric power generators, which may push some refiners to increase their runs.   Read Article  +

Oil traded near $45 a barrel following a fourth weekly loss as U.S. drillers continued to add rigs, blunting OPEC-led efforts to rebalance an oversupplied market.   Read Article  +

India’s diesel imports this year may rise to the highest since at least 2011 as refiners shut down to upgrade their units to meet new fuel standards and as warmer temperatures spur demand, said five industry sources.   Read Article  +

The government’s planned liquefied natural gas export restrictions do not go far enough to penalise producers buying gas from domestic markets and will do little to ease prices, according to the ­nation’s biggest manufacturers.   Read Article  +