Oil trading

Crude and refined product trading, arbitrage economics, differentials, refining and market structure.

Brent Crude Settles Above $106 Amid Supply Risk Concerns

Brent crude oil prices concluded trading above $106 per barrel, influenced by heightened geopolitical tensions in the Middle East and ongoing uncertainty regarding a potential energy truce between Russia and Ukraine.

13 Oct 2026 · 2 min read

Oil refinery with storage tanks and pipelines under a clear sky

Crude Oil

Chinese Crude Imports Decline While Refinery Throughput Remains High

China experienced its weakest June for crude oil imports in a decade, yet refinery throughput remained robust, with the difference being met by drawing from storage tanks.

25 Sept 2026 · 2 min read

An offshore oil rig operating in the ocean, with a clear sky above.

Oil Trading

Valeura Energy Discovers Oil Near Gulf of Thailand Field

Canadian oil and gas firm Valeura Energy has announced an oil discovery in the Gulf of Thailand, close to its current offshore operations, potentially leading to a new satellite development and prolonging the operational lifespan of existing infrastructure.

18 Sept 2026 · 2 min read

Oil tanker navigating through a strait, symbolizing oil transport and potential disruptions.

Oil Markets

Alkagesta CEO Comments on Oil Market Disruption in Strait of Hormuz

Alkagesta's CEO, Orkhan Rustamov, recently contributed an opinion piece to City A.M., addressing the ongoing oil price movements and market instability stemming from tensions in the Strait of Hormuz.

31 Aug 2026 · 2 min read

A large refinery complex with multiple towers and pipelines under a clear sky, symbolizing petroleum production and exports.

Petroleum Products

Dangote Refinery Boosts Nigerian Petroleum Product Exports

Nigeria's seaborne petroleum product exports have significantly increased since 2023, largely due to the Dangote refinery, contributing to the international market amidst supply constraints, according to the U.S. Energy Information Administration.

31 Aug 2026 · 2 min read

Oil drilling rig operating in a desert landscape

Crude Oil

Texas Oil Co Initiates 92-Well New Mexico Drilling Program

Texas Oil Co has commenced a significant drilling initiative in New Mexico, focusing on the development of 92 horizontal wells, with the initial three wells already underway.

31 Aug 2026 · 2 min read

A refinery complex with industrial structures and pipelines, possibly with a carbon capture unit visible.

Refineries

Mitico Reports Successful Carbon Capture Demo at Thai Refinery

California-based startup Mitico has announced the successful completion of a demonstration project for its carbon capture system at a refinery located in Thailand, utilizing a unique potassium-based chemical sorbent.

31 Aug 2026 · 2 min read

An offshore oil platform operating in deepwater, with a clear sky and calm sea.

Oil Trading

Etu Energias Acquires Increased Stakes in Angolan Deepwater Blocks

Etu Energias, an Angolan energy company, has finalized a $260 million agreement with Chevron's subsidiary, Cabinda Gulf Oil Company, to boost its interests in two deepwater blocks offshore Angola.

31 Aug 2026 · 2 min read

Oil tanker navigating through calm waters at sunrise

Oil Markets

Oil Prices Rise Amid Persian Gulf Strikes and Diesel Export Ban

Oil prices experienced an increase at the start of the week, influenced by military actions in the Persian Gulf and Russia's decision to prolong its diesel export ban, according to Hellenic Shipping News Worldwide.

31 Aug 2026 · 2 min read

Crude Oil

Russia Remains India's Top Crude Supplier in August

According to Kpler data, Russia maintained its position as India's primary crude oil supplier in August, despite a notable decrease in import volumes compared to previous months.

31 Aug 2026 · 2 min read

Oil tanker at sea, symbolizing oil trade and shipping under sanctions.

Oil Trading

US Intensifies Economic Pressure on Iran with New Sanctions

The US Treasury Department plans to introduce weekly secondary sanctions to increase economic pressure on Iran, initially targeting banks, according to the US Treasury Secretary.

31 Aug 2026 · 2 min read

Crude Oil

Strait of Hormuz: pricing a risk premium that will not clear

Alkagesta's chief executive tells City A.M. that the market is repricing transit risk rather than physical shortage.

28 Aug 2026 · 2 min read

Petrochemical cracker complex with storage tanks

Petroleum Products

Global naphtha in 2026: petrochemical demand meets blending pull

Cracker economics and gasoline blending are competing for the same barrels, keeping naphtha differentials unusually reactive.

26 Aug 2026 · 2 min read

Naphtha cargo trading screens in a commodity trading room

Petroleum Products

Alkagesta approved for Platts EMEA naphtha physical MOC process

The Swiss-headquartered trader joins the group of counterparties whose bids and offers can contribute to benchmark naphtha assessments in Europe, the Middle East and Africa.

22 Aug 2026 · 2 min read

Airport refuelling operation alongside a parked passenger aircraft.

Petroleum Products

How a Cold War pipeline let a newcomer keep European jets fuelled

Alkagesta is supplying holiday airlines through the NATO Central Europe Pipeline System after the closure of the Strait of Hormuz put jet fuel supply on a knife-edge.

4 Jun 2026 · 2 min read