West African crude oil loadings are on track to slide to a nine-month low in June as buying in the key outlet wanes after months of voracious importing, a Reuters survey of shipping fixtures and oil traders showed.   Read Article  +

India's diesel demand is expected to rise to record levels again this year as a slew of infrastructure projects boosts use of the transport and industrial fuel, although a government-induced cash shortage will hold growth to its slowest in three y...  +

The OPEC deal will lead to an ongoing tightening of the crude oil market, putting a floor beneath crude prices in the $50s per barrel in the second half of 2017, according to Helima Croft of RBC Capital Markets. She said that prices should ultimat...  +

All eyes are on the Organization of the Petroleum Exporting Countries ahead of a highly-anticipated meeting later Thursday when the oil group looks set to extend their crude production cuts, but the big downside risk comes from China, an analyst s...  +

Saudi Arabia's naphtha demand is to increase due to new petrochemical projects, consulting firm FGE says   Read Article  +

The oil price has jumped higher during the previous week and this should be the start of things to come in the following days, as the market absorb Hassan Rouhani presidential elections victory in Iran.   Read Article  +

There is a wildcard among the world’s oil market players that some believe could be a game-changer, throwing a production curveball.   Read Article  +

New oil projects over the next two years in the North Sea will have combined capacity to produce 1.2 million barrels per day (bpd), offsetting a slide in output from the oldest deepwater basin that produces the world’s benchmark crude.   Read Ar...  +

Europe's oil refiners will have to carefully manage production, possibly even turning to diesel, to sustain margins as high oil product inventories and uncertain gasoline demand growth threaten a model that has been lucrative over the past three y...  +

OPEC impressed oil traders this year by making almost all the supply cuts it promised. Keeping output down will only get harder.   Read Article  +