Leading crude exporter Saudi Arabia is maximising refining profits by importing unprecedented amounts of cheap Russian diesel and in turn shipping record volumes to Singapore, where the fuel can achieve higher margins, shiptracking data ...  +

Saudi Arabia is snapping up millions of barrels of Russian diesel that Europe no longer allows, while simultaneously sending its own supplies back to buyers in the EU. Read Article  +

Saudi Arabia is snapping up millions of barrels of Russian diesel that Europe no longer allows, while simultaneously sending its own supplies back to buyers in the EU. Read Article  +

About 350,000 barrels per day of U.S. crude is lining up to be delivered versus the international Brent benchmark, consultancy Facts Global Energy estimated, as WTI Midland becomes the first non-North Sea grade to be included in the worl...  +

About 350,000 barrels per day of U.S. crude is lining up to be delivered versus the international Brent benchmark, consultancy Facts Global Energy estimated, as WTI Midland becomes the first non-North Sea grade to be included in the worl...  +

Crude oil is likely to trade with an upward momentum after oil cartel OPEC+ decided to extend its production cuts through to 2024. Analysts who track the black gold prices are now predicting that Brent crude prices may hit $100 per barre...  +

Asia will lead oil demand growth of around 2 million barrels per day (bpd) in the second half of the year, a senior executive at Vitol (VITOLV.UL) said on Monday, an increase that could potentially lead to a shortage of supply and drive ...  +

Underinvestment in the carbon fuels sector may lead to volatile long-term and imperil growth, warned OPEC Secretary General Haitham Al-Ghais on Monday. Read Article  +

A OPEC Secretary General Haitham Al Ghais said on Monday that underinvesting in the oil and gas sector could cause market volatility in the long term and imperil growth. Read Article  +

The long-awaited opening — seven years late — of a giant new oil refinery in Nigeria is looking a lot like a ribbon-cutting exercise. Read Article  +