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US crude stocks saw their largest one-week decline in over three years in the week to Nov. 25 as net imports reached a record low, US Energy Information Administration data showed Nov. 30. US [...]

The US Environmental Protection Agency said that it would meet a court-ordered Nov. 30 deadline to sign a proposed rule laying out the amount of renewable fuel that US refiners must annually mix [...]

Indian planning body NITI Aayog has proposed a carbon capture, use and storage policy involving clusters, a business model and financial incentives to help its adoption on a commercial scale, [...]

Oil product stockpiles at the UAE’s Port of Fujairah fell 10.4% in the week ended Nov. 28, led by a plunge in light distillates stocks, according to Fujairah Oil Industry Zone data [...]

Singapore is expected to receive 1.3 million-1.8 million mt of low sulfur fuel oil from the West of Suez in December, compared with November when 1.5 million-1.8 million mt of fuel oil was likely [...]

The European physical gasoil market, already showing signs of tightness, could strengthen further on reduced supply from Russia due to the EU’s February 5, 2023 sanctions, according to [...]

China’s appetite for domestic oil consumption may remain subdued for an extended period following the rising number of confirmed COVID-19 cases, but analysts and trade sources told S&P [...]

Egypt will boost its LNG exports by 14% to 8 million mt/year in 2022, the country’s petroleum and mineral resources minister said Nov. 27, as the North African producer seeks to plug a hole [...]

OPEC and its allies will monitor oil market conditions and the supply-demand balance in its upcoming Dec. 4 meeting, Iraq’s national representative to OPEC said Nov. 26, as the coalition [...]

Strong Aframax freight rates for hauling crude and fuel oil are luring clean Long Range II, or LR2, product ships into the dirty tanker market to capitalize on higher earnings in that segment, [...]