Energy Market News

Russia has extended gasoline export permits for refiners until 31 August, maintaining exemptions for producers despite earlier discussions...

Middle East crude posted moderate gains to halt a run of four weekly losses, but benchmark Dubai remained locked in a tight range...

Middle East crude markets were little changed heading into the weekend as they consolidated moderate weekly gains, while HSFO...

Eneos, Japan's largest refiner, has shut a 141,000 bpd crude distillation unit (CDU) at its Sakai refinery following a fire on 17 February...

Italy's fuel consumption in January 2025 decreased by 4.3% year-on-year to 3.8 million mt, primarily due to reduced diesel usage...

Mercuria has signed a deal with Oman to lift 800,000 metric tonnes per annum, starting in April 2025...

A Court of Appeals in Michigan has found no reason to revoke a permit issued to Enbridge by the ...

The Port of Corpus Christi in Texas exported 2.41 million bpd of crude in January, an increase over the month prior...

President Donald Trump's plans to cut taxes for oil and gas companies could spur more production, but...

Crude oil futures Thursday were firmer, as markets extended the week's solid upwards trend...

US natural gas futures posted fresh two-years Thursday before rowing back, amid sharp price swings as arctic conditions blasted the eastern...

Benchmark crude oil futures extended gains on Thursday as attention pivoted toward global supply concerns, while LSGO cracks rebounded...

Ghana National Petroleum Corporation appointed this week its second new top executive in a month as the state-owned oil company appears to...

A fourth weekly gain pushed US commercial crude oil inventories last week to the highest since July 2024...

Distillate fuel oil inventories in the United States fell by more than two million barrels last week to register a fresh three-month low as demand...

US gasoline inventories inched lower last week as seasonal inventory building appeared to have run its course...

Phillips 66 has leased a new floating storage unit (FSU) off Singapore in the Malacca Straits for fuel oil storage, Reuters reported Thursday...

Italian prosecutors have launched a terrorism investigation into explosions that have struck oil tankers carrying Russian crude, as a series...

Structure at the front of the Singapore HSFO 380 CST paper curve firmed further during Thursday's window as the M1/M2 spread hit its widest...

Spain's Repsol reported a decline in fourth-quarter earnings on Thursday as lower refining margins compounded weakness in middle distillates...