Americas Crude Oil News

Speculative net length of US gasoline futures spiked in  the week to 15 October amid tighter fundamentals underpinned by supply...

Crude oil futures Friday were slightly lower and heading for steep weekly losses after an erosion in the geopolitical risk premium...

French oil major TotalEnergies has decided to sell its Brazilian fuel distribution activities in Brazil to local firm SIM Distribuidora...

Distillates traced crude lower this week as softening appetite across Europe's largest industrial sectors coincided with stagnant manufacturing....

North Dakota's oil output inched higher in August, before wildfires crimped output in the US state...

East of Suez crude prices were little changed Friday but still heading for steep weekly losses, while gasoil differentials continued to grow...

A UK climate law group has complaint against the world's biggest asset manager for allegedly misleading investors with its sustainability claims..

US commercial crude oil inventories posted an unexpected draw as output surged to record levels while refinery utilisation rates...

Crude oil futures Thursday were tracking sideways for a second session as investors looked for fresh direction...

Brazilian state-controlled oil giant Petrobras has publicly pledged to increase its support for carbon markets, albeit linking its credit appetite to....

US distillate stocks fell last week as back-up power generation demand surged in the days after Hurricane Milton...

US crude oil inventories posted a unexpected draw the week ending 12 October, while product stockpiles also retreated...

East of Suez crude oil prices steadied Thursday and posted the first gain in a week, while middle distillate cash differentials were seen...

US oil refiner Phillips 66 announced Wednesday that it will shut operations at its 139,000 bpd Los Angeles refinery before the end of next year...

Crude oil futures steadied after two sessions of sharp losses, as a large part of the geopolitical risk premium...

Middle East crude further extended early week losses Wednesday although markets looked to be finding some support, but prices for naphtha in...

Global refinery margins sank to their lowest seasonal level since the Covid pandemic last month, according to the EIA...

Crude oil futures were sharply lower amid reports that Israel will not target Iran's oil infrastructure, easing fears over the potential for...

Service stations across Florida resumed operations Monday, loosening the grip of severe fuel shortages that the state has grappled with...

Israel will not target Iran's oil and nuclear installations, instead focussing on military and strategic targets...