Jan 20, 2024
Brent Backwardation Increases as Red Sea Hostilities Continue
The crude oil markets—including some physical markets—are showing signs of tightening as concerns about crude oil transit times due to
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Jan 14, 2024
Is the economy facing another energy price shock?
Both Prime Minister Rishi Sunak and US President Joe Biden cited the global economic impact of Houthi attacks on Red
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Jan 14, 2024
Oil prices rise after Iran seizes tanker
Oil prices have risen after Iran seized a tanker off the coast of Oman, raising concerns fuel prices could increase.
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Jan 13, 2024
Biden Administration Plugs Away At Refilling Oil Stockpiles
The Biden Administration took one more baby step towards refilling the nation’s Strategic Petroleum Reserves (SPR), announcing on Friday a
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Jan 13, 2024
Total Energies Port Arthur Refinery Shuts Crude Units on Malfunction
The Total Energies refinery in Port Arthur, Texas, has been forced to shut down its two crude distillation units and
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Jan 1, 2024
*Happy New Year!*
As the New Year dawns, we send our warmest wishes for a year filled with joy, success, and endless possibilities.
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Dec 30, 2023
China Maintains Fuel Export Quotas Steady for 2024
The first batch of fuel export quotas that China has issued for 2024 is basically unchanged from the first batch
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Dec 30, 2023
Europe’s Diesel Refining Margins Slump by 40% as Supply Worries Fade
Refining margins for diesel in Northwest Europe end this year 40% below the levels from the end of 2022, despite
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Dec 28, 2023
Oil Inventories Rise Toward the End of 2023
Crude oil inventories in the United States rose this week by 1.837 million barrels for the week ending December 22,
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Dec 28, 2023
China and India Account for More Than 90% of Russian Oil and Fuel Exports
China took in half of all the crude oil that Russia exported this year, with India a close second, Deputy
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