Americas Crude Oil News

US gasoline inventories fell for the second straight week as demand stayed above 9 million bpd in the run up

BP has increased its outlook for future oil demand amid a slowdown in the growth in energy efficiency, while fossil fuel demand...

US crude oil inventories posted a second weekly drop for the week ending 5 July, while gasoline stocks also retreated...

OPEC held its bullish view on oil demand growth steady Wednesday, with the only change coming from a slightly better...

East of Suez crude prices extended the early-week losses Wednesday and slumped to two-week lows, a move that bolstered residual fuel margins...

The Energy Information Administration (EIA) expects US gasoline consumption to slow for the second straight year in 2025...

The EIA expects Brent crude prices to continue to rise out to the year end, pointing to tightening global supply as it put an $89/b forecast...

Crude oil futures Tuesday were drifting lower after Texas weathered the first major storm of the 2024 Atlantic...

Trafigura Group is exploring ways of tackling a huge employee share buyback bill after several years of massive profits...

East of Suez crude prices extended the early week losses Tuesday, while the slide in middle distillate margins continued and left cracks at a...

Canada's Cenovus Energy has evacuated non-essential employees at its Sunrise oil sands site in Alberta...

BP said Tuesday it was expecting a big hit to second-quarter earnings at its downstream business...

US refinery Marathon has begun restart operations at its Galveston Bay refinery in Texas after operations were halted at some...

The combined speculative net length of US crude, gasoline, and low-sulfur diesel contracts continued to rise last week as money managers priced in...

Crude oil futures opened the week lower as investors waited for any impact from storm Beryl, which made landfall in Texas as a hurricane...

US independent oil producer Devon Energy has entered into a deal to acquire further acreage in the lucrative Williston basin...

A power loss tripped several units at Valero's 395,000 bpd Port Arthur refinery on Sunday...

ExxonMobil expects higher oil prices to boost profits by up to $700 million in the second quarter,

Marathon Petroleum reported a temporary power loss at its Galveston Bay refinery Monday as Hurricane Beryl smashed into the Texas coast...

Benchmark Dubai opened the week lower and eased back from 10-week highs, while middle distillate margins continued to ease despite...