Europe Crude Oil News

Colombia has started shutting production at oil fields blocked by protests, its state-owned oil company Ecopetrol said late Thursday...

Crude futures sank to fresh lows Wednesday as the market awaited a decision from OPEC+ over its production cuts...

Crude oil futures were Thursday were cautiously higher on reports that OPEC+ was set to delay planned increases, having tested 16-month lows...

US gasoline inventories bounced back from 2024 lows last week as demand stalled at the end of the summer driving season...

OPEC+ has agreed to delay its unwinding of production cuts planned from October by two-months after crude prices this week slumped to their lowest levels of 2024...

Saudi Aramco's Official Selling Prices (OSP) for October-loading crude oil are likely to be delayed, as OPEC+ officials thrash out details...

Middle East crude prices stabilised at around yearly lows Thursday as markets waited on further news from OPEC+ and Libya, while...

Phillips 66's CEO Mark Lashier expects as much as 700,000 bpd of global refinery capacity to be taken out of the market next year as its less-competitive peers struggle with lower margins...

US crude exports eased off just under 1% in July as monthly figures from the US Census Bureau published Wednesday called crude oil exports...

Libya's petroleum industry remained severely constrained heading into the back end of the week after rival factions made tentative...

Crude oil futures Wednesday remained under strong downwards pressure, amid concerns over weak economic growth and reports that rival...

Crude futures sank to fresh lows Wednesday as the market awaited a decision from OPEC+ over its production quota...

Norway's government will face an appeals court Wednesday to overturn court injunctions against three developing oilfields in the North Sea in a bid to reverse an earlier verdict that rendered permits invalid on environmental grounds...

Attempts to salvage a burning oil tanker in the Red Sea have been called off, after crews came under fire from Houthi rebels despite...

OPEC+ is considering deferring planned production increases from October, with the producer group spooked by the slump in...

Middle East crude prices slumped to fresh yearly lows Wednesday amid the broader malaise in oil markets, dragging products lower along with it...

A second monthly OPEC survey has found Iraq again produced significantly above its quota in August, which left overall output from...

Crude oil futures Tuesday were sharply lower as concerns over sluggish demand growth offset events in Libya, while reports of a potential deal...

Brent crude slumped to fresh 2024-lows Tuesday on reports a deal to resume Libyan oil production was close to being agreed...

Aliko Dangote, owner of Nigeria's new mega refinery, announced Tuesday it had started production of gasoline at the 650,000 bpd site near Lagos for the first time...