Oil demand in China, the world’s largest importer, may pick up in the months ahead after Beijing released trade allowances enabling its vast refining industry to ship in more crude and export more fuel. Read Article  +

Europe’s diesel market is starting to run out of control again -- just as it did after Russia’s invasion of Ukraine sparked panic over supply of the industrial and automotive fuel. Read Article  +

Chinese refiners are likely to boost refined oil products exports in the last two months of 2022 and into early 2023 after receiving the biggest allocation from Beijing this year, trade sources and analysts said on Monday. Read Article  +

Chinese refiners are likely to boost refined oil products exports in the last two months of 2022 and into early 2023 after receiving the biggest allocation from Beijing this year, trade sources and analysts said on Monday. Read Article  +

Strike action and unplanned maintenance has taken offline more than 60% of France's refining capacity - or 740,000 barrels per day (bpd) - forcing the country to import more when global supply uncertainty has increased the cost. Read Ar...  +

Oil prices jumped nearly $4 a barrel on Monday as OPEC+ considered reducing output by more than 1 million barrels per day (bpd) to buttress prices with what would be its biggest cut since the start of the COVID-19 pandemic. Read Article...  +

Saudi Arabia may raise the prices for its crude export grades to Asia next month in response to signs of recovering crude demand in one of its biggest markets and the new batch of fuel export quotas issued by Beijing. Read Article  +

Saudi Arabia may raise the prices for its crude export grades to Asia next month in response to signs of recovering crude demand in one of its biggest markets and the new batch of fuel export quotas issued by Beijing. Read Article  +

Oil prices jumped nearly $4 a barrel on Monday as OPEC+ considered reducing output by more than 1 million barrels per day (bpd) to buttress prices with what would be its biggest cut since the start of the COVID-19 pandemic. Read Article...  +

Strike action and unplanned maintenance has taken offline more than 60% of France's refining capacity - or 740,000 barrels per day (bpd) - forcing the country to import more when global supply uncertainty has increased the cost. Read Ar...  +