Energy Market News

Crude oil futures opened the week little changed as markets steadied following Friday's selloff that wiped out the week's gains...

Iraq has again reaffirmed its commitment to OPEC+ and to stick within quota guidelines during 2025, which includes a series of compensation...

The Ukrainian military said Monday it struck the Ryazan oil refinery in an overnight drone attack

The European Union announced on Monday that it has suspended sanctions on Syria, potentially paving the way for additional supplies to enter a...

Platts has no plans to make further changes to its Dated Brent methodology, with the industry satisfied that the major upgrades...

Oman's Duqm refinery has boosted production by 10% to 255,000 bpd around a year after inauguration, according to its CEO David Bird...

The Kurdistan Regional Government (KRG) said on Sunday it has reached agreement with federal capital Baghdad to restart crude exports...

Weekly US drilling activity increased for a fourth consecutive week lifting the count to an eight-month high...

Goldman Sachs expects US crude output to rise only slightly despite Donald Trump's threat of import tariffs as domestic refiners will...

Ampol's refining business took a heavy hit in 2024 as weaker margins and operational disruptions at its Lytton refinery squeezed earnings...

Optimism around peace talks ending Russia's war in Ukraine triggered an exodus of bullish speculators in the crude oil futures market...

Oil majors Shell and ConocoPhillips have agreed to a $735 million deal in which the former will assume 8,000 bpd of offshore US...

The US Environmental Protection Agency is considering 13 previously denied small refinery exemptions under the Renewable Fuel Standard...

Benchmark crude oil futures unravelled most of the gains made throughout the week Friday as swelling inventories in the United States...

Crude oil futures Friday were sharply lower as a pre-weekend selloff largely eroded the gains from four consecutive increases...

Short-term strength in the European gasoline market started to give up some of its recent gains, while a seasonal uptick in Asian...

OPEC+ appears poised to postpone its planned production increases, according to analysis released Friday by ANZ Research, as members...

The marine fuel 0.5% sulfur east-west spread narrowed to its lowest level since May this week, reflecting weaker demand and ample...

Diesel margins soared to fresh heights in West of Suez markets this week as surging demand compounded supply concerns to tighten market...

US natural gas futures rebounded on Friday to close out a hugely volatile week higher as another massive stock drawdown offset forecasts...