Europe Crude Oil News

Azerbaijan's crude oil output was up 4% in June from May's lows at 588,000 bpd, monthly energy ministry data released Thursday showed...

Asia crude rebounded from two-week lows Thursday following the broader oil price recovery, while the recent selloff in distillate cracks...

Vitol and South Korea's SK Energy have agreed a $50 million settlement with the California's Attorney General...

Crude and product futures rebounded Wednesday as the EIA revealed another solid US stock draw...

Crude oil futures Wednesday were higher as prices rebounded from two-week lows, underpinned by latest data from the EIA...

Singapore will ban new registrations of diesel cars and taxis from 1 January 2025, the city-state's Land Transport Authority...

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...

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...

Crude and oil product prices fell again Tuesday as Hurricane Beryl passed with minimal disruption...

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...

Refineries in the path of Hurricane Beryl were seen restarting Tuesday, with limited impact...

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

Petroineos was restarting an unspecified unit Tuesday at its 210,000 bpd Lavera refinery in the south of France...

Distillate forward curves have shifted back to contango in northwest Europe, after briefly flirting with backwardation...

Refined oil product stocks in EU-16 countries were higher over the month in June as refineries ramped up to meet seasonal demand...

Canada's Suncor has shut an unspecified unit at its 85,000 bpd Sarnia refinery for maintenance...