Asia’s naphtha market kicked off the month by flipping into premiums amid volatility in crude oil benchmarks, although overall sentiment remained subdued due to tepid demand. Read Article  +

Kuwait witnessed a sharp decline in its fuel oil exports for the month of October. [Article requires registration] Read Article  +

A rare flurry of Angolan crude cargoes being offered for sale in the Platts trading window this week has seen the price differentials for key grades falling, another sign of weakness in the physical crude market. Read Article  +

Kuwait's October fuel oil exports tumbled more than 30% after hitting a record high in September as some supply was diverted to domestic power generation, according to trade sources, analysts and ship-tracking data. Read Article  +

Nigeria is reportedly holding sizable crude overhangs for loadings scheduled for November just as crude premiums to benchmark prices have come down by $1 to $2 a barrel depending on the grade, traders said. Read Article  +

The “golden age of gas”, as the International Energy Agency called it in 2011, is retreating in the rearview mirror. But it looks unlikely to fade quickly. Read Article  +

China has changed the world’s energy system before and is set to do so again, as a peak in demand for fossil fuels nears, according to the International Energy Agency’s Executive Director. Read Article  +

U.S. penalties on shippers transporting Russian oil in breach of the G7's price cap could push more Russian cargoes onto vessels referred to as the ghost fleet and away from mainstream tankers, shipping sources and analysts told Reuters....  +

Crude oil prices in some of the world's main physical markets have weakened due to a jump in freight costs and a drop in refining margins, according to traders and LSEG data, suggesting demand weakness that could filter through to the fu...  +

Asia’s 10 ppm sulphur gasoil cash premiums steadied on Wednesday after sliding for four straight sessions, while refining cracks declined further. Read Article  +