Oil Market News

4 Feb 2025
Crude oil output in the Canadian province of Alberta reached an all-time high of 4.26 million bpd in December...
4 Feb 2025
Middle East crude prices resumed their downward trend Tuesday as global markets retreated after US tariffs were paused, while the...
4 Feb 2025
Crude oil output from core OPEC members eased by around 70,000 bpd in January after a further decline in Iraq offset modest gains in...
4 Feb 2025
Asia's gasoline market is bracing for tighter supply in Q1 as potential US crude tariffs could weigh on refinery runs in the Americas, while seasonal...
4 Feb 2025
Shell has restarted production at the UK's offshore Penguins field four years after it was decommissioned...
4 Feb 2025
Equinor has halted production at its Johan Sverdrup oilfield on Tuesday after an unexpected power outage forced operations to be suspended...
4 Feb 2025
China will impose tariffs on a range of US exports, including crude oil and liquefied natural gas, escalating trade tensions following new US...
3 Feb 2025
President Donald Trump has paused for 30 days his plans to implement new tariffs on imports from Canada...
3 Feb 2025
US Gulf Mars Blend sour crude was higher despite a delay in the implementation of tariffs on Mexico goods...
3 Feb 2025
The California LCFS cumulative credit bank grew by a record 4 million mt in the third quarter of 2024...
3 Feb 2025
Benchmark crude oil futures opened the week lower on Monday after reports that US tariffs imposed over the weekend would be put on ice...
3 Feb 2025
Traders are bracing for more price weakness in the coming weeks for Alberta's crudes, with barely a day...
3 Feb 2025
Crude oil futures were in reverse after headline prices surrendered early gains on reports that tariffs imposed over the weekend could be...
3 Feb 2025
Litasco's Neftochim Burgas refinery will begin a three-month turnaround at the end of February
3 Feb 2025
Iraq's parliament has approved legislation that could open the way for a resumption of exports from the semi-autonomous Kurdish region...
3 Feb 2025
Ukrainian drones hit a major Russian oil refinery and a gas-processing plant in the latest escalation of Kyiv's long-range strikes on critical...
3 Feb 2025
Spain's jet fuel consumption hit fresh nine-month lows in December, industry data showed Monday, falling for the fourth consecutive month...
3 Feb 2025
The world's largest independent energy trader, Vitol, has projected that global oil demand will maintain its current levels through 2040...
3 Feb 2025
The OPEC+ Joint Ministerial Monitoring Committee (JMMC) has not recommended any immediate changes to the producer alliance's current...
3 Feb 2025
Rotterdam's bio-blended residual fuel oil sales halved in the fourth quarter as a glut of supply in Asia diverted demand away from Rotterdam...
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