Oil Market News

Crude oil output in the Canadian province of Alberta reached an all-time high of 4.26 million bpd in December...

Middle East crude prices resumed their downward trend Tuesday as global markets retreated after US tariffs were paused, while the...

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...

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...

Shell has restarted production at the UK's offshore Penguins field four years after it was decommissioned...

Equinor has halted production at its Johan Sverdrup oilfield on Tuesday after an unexpected power outage forced operations to be suspended...

China will impose tariffs on a range of US exports, including crude oil and liquefied natural gas, escalating trade tensions following new US...

President Donald Trump has paused for 30 days his plans to implement new tariffs on imports from Canada...

US Gulf Mars Blend sour crude was higher despite a delay in the implementation of tariffs on Mexico goods...

The California LCFS cumulative credit bank grew by a record 4 million mt in the third quarter of 2024...

Benchmark crude oil futures opened the week lower on Monday after reports that US tariffs imposed over the weekend would be put on ice...

Traders are bracing for more price weakness in the coming weeks for Alberta's crudes, with barely a day...

Crude oil futures were in reverse after headline prices surrendered early gains on reports that tariffs imposed over the weekend could be...

Litasco's Neftochim Burgas refinery will begin a three-month turnaround at the end of February

Iraq's parliament has approved legislation that could open the way for a resumption of exports from the semi-autonomous Kurdish region...

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...

Spain's jet fuel consumption hit fresh nine-month lows in December, industry data showed Monday, falling for the fourth consecutive month...

The world's largest independent energy trader, Vitol, has projected that global oil demand will maintain its current levels through 2040...

The OPEC+ Joint Ministerial Monitoring Committee (JMMC) has not recommended any immediate changes to the producer alliance's current...

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...