The first 25-year deal is to expire in 2028 and is now being extended for 20 additional years. The second deal for 1 million tonne a year entered into in 2015, will be negotiated separately. India is likely to sign on Tuesday a multi-billion dollar deal to extend LNG...

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Turkey and Brazil last year became the biggest importers of Russian seaborne diesel and gasoil after European Union sanctions barring the import of Russian refined products took effect, data from market sources and LSEG showed. Before the full EU embargo was...

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The leader of Yemen’s Iran-aligned Houthis said on Tuesday that the group will further escalate if the Israeli attack on Gaza does not stop. The Houthis, who control Yemen’s capital and most populous areas, have attacked international shipping in the Red Sea since...

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Asia’s middle distillates refining margins firmed to a more than three-month high of above $26 a barrel, reflecting the support from ICE gasoil futures, despite cautious buy-sell interest in the physical markets. There could be a bout of shortcovering demand in the...

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Top oil exporter Saudi Arabia unexpectedly kept March price of its flagship Arab Light crude to Asia unchanged at a more than two-year low, an Aramco 2223.SE statement showed on Tuesday, as the OPEC leader strives to maintain its market share. Saudi Aramco set the...

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Asia’s high sulphur fuel oil (HSFO) market held in discounts on Tuesday as persistent selling interest and multiple offers continued to cap recovery in the market.The Singapore 380-cst HSFO cash differential was pegged at a discount of $3.92 a metric ton on Tuesday,...

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