Oil Market News

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...

Middle East crude prices rebounded after the US threatened a clampdown on Iranian exports, while structure in the naphtha curve has firmed...

Equinor expects European natural gas markets to remain tight over the years ahead as escalating geopolitical tensions intensify global...

Goldman Sachs expects that China's retaliatory sanctions aimed at US goods will have a limited impact, causing only shipments to...

Refined oil product deliveries into the Spanish market from Exolum terminals sunk to the lowest in nine months in December, latest figures...

Norway's Equinor has resumed output at Europe's largest oil field, Johan Sverdrup, after it was knocked offline Tuesday by a power outage

Fujairah's oil product inventories fell 3% from the previous week, with declines in fuel oil and middle distillates outweighing a rise in light distillates...

US President Donald Trump has signed off on legislation aimed at restoring "maximum pressure" on Iran, which are set to impact oil...

A Ukrainian drone strike overnight hit oil storage tanks at the Albashneft refinery in Russia's southern Krasnodar region, igniting a...

Middle distillate stocks in Japan continued to slide during the week ending 25 January as crude throughput in the country fell on the...

US commercial crude stockpiles rose more than 5 million barrels, while those at the critical Cushing, Oklahoma, rose just over 100,000 barrels...

Marathon Petroleum Corp (MPC) sees growth in petroleum product demand for its fuels extending through...