Oil Market News

Adnoc Gas is set to boost capital expenditure by 40% in the 2025-2029 period as it completes the 60% of the under-construction Ruwais LNG...

Ultra-low sulphur diesel (ULSD) loadings at Russia's main oil terminals at Primorsk and Tuapse are set to reach their highest levels...

The Panama Canal Authority (ACP) has denied a claim by the US State Department that US government vessels, including warships...

European energy transition targets are in danger of collapsing amid a lack of consumer interest, the Swiss Automobile Industry Association...

Middle East crude prices sank to around one-month lows Thursday amid concerns over a tariffs war dampening global trade, while the...

ight end stocks in Singapore rose sharply in the past week as gasoline net exports from the city-state slowed during the holiday season...

Oil production from the 12 core OPEC members eased for a second month in January as reductions from Nigeria and Iran offset...

South Korean conglomerate SK Innovation expects margins from its oil refining business to stay stable in 2025 after a solid rebound in Q4 as demand for...

Major oil refiners in China are planning to boost diesel exports this month amid a seasonal slowdown of industrial activity during the Lunar New Year celebration...

Benchmark crude oil futures were in retreat on Wednesday as investors braced for escalating global trade tensions, while LSGO futures...

TotalEnergies' CEO Patrick Pouyanne ruled out any investment in the UK's North Sea because of the legal problems...

US crude oil exports fell by 484,000 bpd in December to 3.85 million bpd, the lowest level in a year, as Chinese refiners pulled back...

US crude processing increased in the most recent week as runs hit their highest rates for the time of year since 2020, US Energy Information...

Crude oil futures Wednesday were in retreat on broader demand concerns, but markets remain volatile amid mixed pricing signals...

Saudi Aramco has sharply increased OSP for its flagship Arab Light crude loading in March, reflecting the surge in spot premiums for...

US gasoline stocks rose again last week, driven by the largest seven-day build in Atlantic coast inventories in more than three years...

Distillate fuel oil inventories in the United States fell for the third consecutive week last week as refiners struggled to keep pace with robust...

South Africa's Sasol warned investors Wednesday to expect a sharp drop in earnings, with repairs to its Natref refinery expected...

Lukoil's 300,000 bpd Volgograd refinery shut down on 3 February following a drone attack that damaged a key distillation unit and...

Production at Iraq's giant Rumaila oil field is still down by around 180,000 bpd or 15%, officials said Wednesday...