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Iraq's State Oil Marketing Organization (SOMO) has reduced Official Selling Prices (OSP) on its key export grade for Asia in October...

US producers were evacuating employees from drilling rigs in the Gulf of Mexico Monday with Storm Francine threatening up to 2 million...

Last week's rout in crude and product futures continued Monday on lingering demand concerns...

Crude oil futures Monday were edging higher with benchmarks rebounding from yearly lows as traders eyed the latest storm threatening the US Gulf coast...

Naphtha has continued to outpace the rest of the barrel, with cracks at fresh multi-month highs in both Asia and Europe...

The adoption of electric vehicles accelerated in August, forming an additional 5.4% of the total fleet to reach its highest levels since 2022...

The Hi5 spread reversed its recent rally at the start of the week in Asia, pulling back sharply during the session at high sulfur fuel oil...

North American drilling activity eased for a fourth consecutive week to register the lowest total since late June...

The Litvinov refinery in the Czech Republic has reopened after the discovery of a bomb on its property and is expected to return to full...

Middle East crude opened the week lower as markets caught up with the Brent retreat after Asian markets had closed Monday, a move...

Global airline capacity is expected to reach 505.5 million seats in September, representing a 5.2% increase on the year of around 25 million seats...

The American Petroleum Institute (API) has warned that the decision by a US court to overturn environmental legislation...

Selling pressure in crude oil spiked last week on expectations global demand would not grow as fast as previously expected in the second...

A potential hurricane has formed in the Gulf of Mexico and is making its way toward the Texas and Louisiana coasts, with authorities...

Crude prices slumped to fresh lows Friday with the decision by OPEC+ to push back its planned production hikes to the end of the year...

Crude oil futures Friday tumbled to fresh yearly lows after investors largely shrugged off the OPEC+ decision to defer...

Gasoline tested fresh lows this week as a subdued driving season wraps up, losing more ground to naphtha...

Saudi Aramco has reduced the Official Selling Price (OSP) for the flagship Arab Light crude loading in October...

Middle East crude benchmarks extended the summer-long downwards trend as broader macroeconomic concerns outweighed any...

Teamsters Local 283 could extend Detroit strikes to other Marathon refineries as negotiations reach a stalemate between the two parties...