Oil Market News

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

European natural gas futures surged to fresh highs Monday as colder temperatures and declining stocks extended the...

Crude oil futures opened the week higher, underpinned by soaring natural gas prices in Europe, although tariffs and sanctions...

The Greater Tortue Ahmeyim project located offshore Mauritania and Senegal will export its first LNG cargo in the first quarter of 2025...

Nigeria's Dangote refinery may begin operating at full capacity in 30 days, the head of the refinery said on Monday, while the NNPC continues...

The Ukrainian military said Monday it hit the Afipsky oil refinery in southern Russia in an overnight drone attack...

European natural gas prices could fall by as much as 50% if peace is restored between Russia and Ukraine, Goldman Sachs analysts published...

Singapore gasoline cracks hit their highest levels since May during trade at the start of the week as expectations of lower exports out of...

Middle East crude prices continued to edge up from one-month lows Monday, while gasoline paper cracks firmed to their highest...

Petrobras Singapore sold its first marine biofuel in the Asian bunker market as the Brazillian state-run oil company aims to take advantage of...

ExxonMobil is restarting a light ends unit at its 565,000 bpd Baytown refinery after it tripped over the weekend

LyondellBasell has completed the shutdown of its 263,776 bpd Houston refinery, Reuters reported, ending operations at the decades-old...

Activist investor Elliott Investment Management has built a stake in BP, a move that could set off a battle over the British energy giant's...

An explosion damaged the engine room of the oil tanker Koala at Russia's Ust-Luga port on 9 February, according to local media...

Taiwanese exports of gasoline rose sharply in December against the backdrop of a seasonal demand pull towards the end of the year...

Risk-off sentiment spread across global markets as investors reduced exposure to crude oil futures after the US imposed 10% tariffs on...

Weekly US drilling activity rose for a second week, with increments registered in five states that included...

Benchmark crude oil futures drifted lower on Friday to mark the third consecutive weekly decline, with attention pivoting toward Trump's...

Crude oil futures were trading sideways and heading for a third week of losses on Friday, albeit relatively modest ones...

US refiner Delek has started planned works on several units at its 73,000 bpd Big Spring refinery in Texas