The rapid growth of mega refineries is prompting a new class of oil products supertankers, mirroring an earlier revolution in crude oil shipping, as traders look for scale that was previously not economically viable.   Read full story › Source: Reuters

Anyone trading physical gas in the UK is well aware of the fact that the gas day runs from 6am to 6am, not from midnight to midnight. That is written down in the Gas (Calculation of Thermal Energy) Regulations 1996, but has been the case since the first GB gas fields came onstream. It is stated […]

(Updates ahead of U.S. market open) * Oil rises on fears of Middle East supply disruption * Stocks fall in Europe and Asia, energy stocks rise * Dollar retreats versus yen, euro; rouble gains * Wall Street set to open lower after three days of falls By Marc Jones and Nigel Stephenson LONDON, March 26 […]

WASHINGTON, March 26 (Reuters) - The U.S. military will work with Gulf and European partners to ensure the strategic Bab el-Mandeb Strait at the tip of the Red Sea remains open to commerce despite fighting and instability in Yemen, the head of U.S. forces in the region said on Thursday. Read full story › Source:: […]