Oil Market News

An incident at the Kårstø gas plant in Norway has suspended power supply to several oil platforms in the North Sea, including Equinor's Sverdrup...

Norwegian oil and gas producer Vaar Energi has raised its production guidance for 2025, forecasting output to exceed 400,000 barrels of...

ExxonMobil's French subsidiary Esso is restarting a unit at its 220,000 bpd Gravenchon refinery after a technical incident...

Saudi Aramco has for a second month reduced term allocations to customers in China for March loadings, signalling the OPEC kingpin will...

Saudi Aramco-owned Motiva Enterprises has expanded its Port Arthur, Texas, refinery to become ...

Ukraine's military have claimed it struck the Saratov oil refinery in a drone attack overnight, setting it on fire...

Crude production from OPEC+ was marginally lower in January as the producer group makes renewed efforts to keep on top of compliance...

Natural gas production facilities have been damaged in Ukraine's central Poltava region following an overnight Russian missile attack...

Goldman Sachs on Tuesday raised its 2025 forecast for TTF natural gas futures by a quarter, with Europe needing to price higher...

Middle East crude prices were higher for a third session Tuesday, while HSFO cracks continued to firm to a fresh premium against Brent prices....

Beijing is unlikely to raise tariffs on LPG imports from the US as Chinese petrochemical crackers rely heavily on the North American supply...

BP on Tuesday promised a major overhaul of its strategy as the struggling UK major reported its worst quarterly results since the pandemic...

Eneos has agreed on a UCO collection deal with Standard Corporation's commercial karaoke arm for sustainable aviation fuel production...

The Chicago Mercantile Exchange reported five trades have been executed on its newly launched physically-settled ethanol derivatives contract...

Energy Transfer (ET) and South Bow Corp are seeking shipper commitments for a project that will use their respective, existing pipes to transport...

Diesel is increasingly attractive as a source of European power generation with natural gas futures hitting $100/boe Monday...

Benchmark crude oil futures opened the week sharply higher as investors sought to capitalise on the recent sell-off, while rising natural gas prices...

The owner of the Trans Mountain System is waiting for the completion of a navigation project by...

US natural gas futures were consolidating recent gains in the early part of the week with the continent facing two more winter storms...

Texas crude oil production maintained a near-record average of about 5.7 million bpd in January...