Europe Crude Oil News

Rosneft's export-orientated 240,000 bpd Tuapse refinery has stopped processing crude this month because of weak margins...

East of Suez opened the week on a firm footing as geopolitical tensions continue to dominate, a move that ate into most refined product...

BP is set to abandon its target to slash oil and gas output by 2030 as its new CEO tries to regain investor confidence...

Shell became the latest energy major to warn investors of lower Q3 refining margins as a selloff in global product prices weighed on...

Heightened political tension in the Middle East reignited expectations crude oil supply from the region could face serious disruption...

Saudi Aramco has hiked the OSP for its flagship Arab Light crude loading in November, reflecting the firm rebound in spot...

Oil futures Friday were climbing higher as crude benchmarks extended the week's gains to 10% amid a spike in geopolitical tension and...

Crude extended recent gains Friday as Middle East tensions helped Brent record its steepest weekly gain for the year...

Global gasoline cracks slipped this week, unable to keep up with the gyrations in crude markets despite a sharp jump in cash markets...

Middle East benchmark Dubai crude posted the steepest weekly percentage gain of  the year as elevated tensions in the Middle East...

East of Suez crude extended the weekly rally to over 8%, catching up with the Brent gains after Asian had closed on Thursday, while also...

ExxonMobil expects lower oil prices and a drop in refinery margins to hit third quarter earnings by up to $2 billion...

Oil production retreated nearly 4000,000 bpd during September, primarily due to the widespread field closures across Libya...

Brent crude futures surged past the $77/b mark as investors waited for Israel's next move in the heightened Middle East conflict...

The Norwegian Environment Agency has proposed higher sustainability requirements for biofuels as part of plans to partially ban the use of...

Crude and product prices were sharply higher Thursday on reports Israel was eyeing Iran's oil facilities in retaliation to Tuesday's missile strike...

Gasoline stored in the ARA region edged higher this week as exports slowed and barge trading liquidity firmed...

Shell has closed multiple units at its 404,000 bpd Pernis refinery in Rotterdam for major works...

Libya's eastern government on Thursday lifted force majeure on oil loadings under its control...

A potential tightening of naturas gas supplies from Israel could skew European prices to the upside this winter...