Nigeria's Dangote refinery is making strategic moves to secure a consistent crude oil supply and expand its exports of low-sulfur straight-run fuel oil (LSSR) to Europe.
May 20, 2024
Western Canadian oil producers face dual threats from wildfires in Fort McMurray and Fort Nelson and a potential railroad strike starting May 22.
May 19, 2024
May 19, 2024
Refining margins in Asia have plummeted to their lowest in seven months, prompting a shift away from expensive Middle Eastern crude towards cheaper alternatives from the Americas.
May 19, 2024
Since the Trans Mountain Pipeline Expansion (TMX) in Canada began operations in early May, crude cargo sales at its Westridge docks near Vancouver, BC, have shifted from direct bilateral agreements to brokered transactions.
May 19, 2024
American shale production is set to reach a six-month high in June, hitting 9.85MM b/d, as reported by the Energy Information Administration (EIA).
May 19, 2024
The US has seen a significant increase in renewable diesel production, from 791MM gal/y (51.6K b/d) in 2021 to 3B gal/y (195.7K b/d) by 2023, leading to an oversupply and driving Renewable Identification Numbers (RINs) prices to a five-year low.
May 19, 2024
Over the past decade, the Permian Basin has been a linchpin of US hydrocarbon production growth.
May 19, 2024
OPEC Optimism vs. IEA Concerns: Diverging Oil Demand and Supply Forecasts for 2024.
May 18, 2024
Recent analyses by Macquarie and Standard Chartered Bank highlight cautious outlooks for the oil market amidst geopolitical tensions and economic factors.
May 18, 2024