Venezuela’s oil output, already the lowest since 2009, is set to slide further this year as contractors scale back drilling after the cash-strapped country fell more than $1 billion behind in payments.     Read Article  +

As pundits scrambled to predict the ramifications of the U.K.'s unexpected vote to leave the European Union, the news had a predictable negative effect on oil markets – but arguably not as catastrophic as some had feared.     Read Article  +

As much as 60,000 tonnes of Asian gasoline is heading to South and Central America as higher prices and a supply shortfall in the region opened the rare east-to-Americas trade route, trade and industry sources said on Thursday.     Read Article  +

While PNG has a reputation for being a difficult place to get business done and an unlikely location to invest billions of dollars, that is certainly not the case anymore. Colin Hay reports.     Read Article  +

Nigeria kept exporting crude oil at a largely steady pace in May, though below historical levels, despite repeated militant attacks on its infrastructure that drove output down to 30-year lows this spring and helped global prices rise, data showed...  +

India's monsoon is expected to dump above-average rainfall on the South Asian nation after two years of drought, cutting its use of diesel for irrigation pumps and generators over the third quarter and potentially rejuvenating exports of the oil p...  +

If India's monsoon does bring -- as has been forecast -- above-average rainfall, it is likely to lead to a boost in its export of diesel. Come again? Yes, India is a net exporter of diesel.     Read Article  +

Iran easily beat expectations with its speed in boosting oil exports after the lifting of sanctions. Without an injection of cash and the easing of remaining trade barriers, the recovery may have run its course.     Read Article  +

After relishing a cocktail of cheap crude mixed with profits from fuel sales, Asia’s oil processors are facing their reckoning over a lack of restraint.     Read Article  +

Asia's naphtha crack edged to a six-session high of $45.78 a tonne on Tuesday on the back of steady demand from North Asia though traders said overall open-specification grade supplies were ample.      Read Article  +