Europe Crude Oil News

Citgo was restarting its 177,000 bpd Lemont refinery in Illinois on Friday after a power outage...

Crude oil futures were sharply lower following a report that Saudi Arabia was set to sideline its alleged $100/b price target...

Crude fell more than 3% Thursday on reports Saudi Arabia was willing to hike production to recapture market share...

A UK court has approved a legal challenge from environmental groups that seeks to overturn a licence...

OPEC+ is likely to go ahead with planned production increases from December, according to a Reuters report...

Oil product stocks held in the ARA trading hub were relatively flat on the week, as builds in naphtha and fuel oil were counterbalanced by...

Global diesel cracks and timespreads have been boosted by interventions from both the US and Chinese federal banks in the last week...

Operators in the Gulf of Mexico have extended precautionary rig evacuations and production shutdowns as Hurricane Helene intensifies...

Asian oil markets tumbled Thursday following a UK newspaper report that Saudi was set to ramp up crude production for 2025, a move that...

UK oil inventories climbed to a 43-month high in July as imports surged, official data showed Thursday, whilst peak summer travel spurred...

US crude production hit a new record high of 13.325 million bpd last month, according to the latest EIA data...

Saudi Arabia is set to start increasing oil output from December after sidelining its nominal price target, according to a report in...

Brent futures Wednesday rowed back from highs of around the $75/b mark, after the initial boost from China's stimulus package ran its course...

Crude futures were lower Wednesday as support drained from China's stimulus and Middle East tensions...

US gasoline stocks fell last week as demand rebounded after Hurricane Francine, while supply was still impacted by the category 2 storm...

European diesel arrivals are on track to hit fresh highs this month with two more VLCCs set to land this week...

Brazil's Ministry of Mines and Energy has called for more investment in both its upstream and downstream oil sectors...

Middle East crude markets edged up Wednesday as geopolitical tensions and China's stimulus package helped to consolidate gains...

OPEC have stood by their guns in their latest annual forecast, maintaining a bullish outlook on long-term oil demand that had recently backed...

US speciality refiner Vertex Energy declared Chapter 11 bankruptcy on Tuesday, a few months after it reversed plans to...