Energy Market News

Alaska North Slope crude oil production in January hit a two-year high while monthly output has risen four of the past six months...

Benchmark crude oil futures opened the week marginally lower on Monday, with investors struggling to navigate an increasingly uncertain...

US stockpiles for major transportation fuels next year will sink to the lowest since 2000 because of refinery closures scheduled for this year...

Brussels will ease new emission rules for internal combustion engine (ICE) vehicles to allow carmakers to avoid billions in fines...

Australia's road fuel consumption was sharply lower in December, official data revealed on Monday, as industrial output entered its...

Crude oil futures opened the week little changed despite a brief boost from China, as short-term direction remains highly uncertain amid tariffs...

The startup of oil production at Equinor's Arctic Johan Castberg field has been delayed due to adverse weather conditions, the Norwegian...

Backwardation has shot up in naphtha markets, with Russian supply under threat from escalating drone attacks on its domestic refineries.

Middle East benchmark Dubai retreated in February, sinking back below the key $80/b level ahead of first major OPEC+ decision of the year...

Turkey's crude oil imports were 2% lower than a year before in January, with monthly government data showing roughly 556,000 bpd...

The new front-line Dubai crude contract opened the month at fresh 2025 lows, while middle distillate cracks were looking weaker...

Brazil's crude oil exports hit a two-year high in January, doubling on the month to hit the equivalent of 2.4 million bpd, according...

Rhone Energies said Sunday it had completed maintenance at its 140,000 bpd Fos-sur-Mer refinery, after bad weather...

Finland has freed an oil tanker suspected of severing a key power cable in the Baltic Sea, but three crew members remain barred from...

A fire broke out at the Ufa oil refinery in Russia's Bashkortostan region early Monday, with authorities citing a technical malfunction...

China's demand for refined oil products this year is expected to slide 2% from 2024 as the retreat of road fuel demand would more than outstrip...

Speculators continued to roll back their bullish positions in the crude oil futures market last week amid rising optimism about a truce for...

US drilling activity increased for a fifth consecutive week, the longest winning streak since May 2022, according to the latest report...

Venezuela was among the top five suppliers of crude oil to US refineries last year, most of which was...

Annual crude oil production set a record in 2024, averaging at 13.22 million bpd, after holding above the 13-million-bpd mark for most of...