Oil Market News

Indonesia's government said the country produced nearly 580,000 bpd or 29 million mt of crude oil in 2024, below its target of 625,000 bpd, the latest data...

Gasoline and diesel were leading oil benchmarks higher Monday with US tariffs on Canada and Mexico likely to drive up...

Middle East crude prices opened the month higher, ending a two-week long run of losses, but that failed to put the brakes on the rally in...

Brazilian crude output fell last year, as project delays, offshore maintenance and strikes at several federal agencies slowed...

The average price for Middle East benchmark Dubai in January moved above the $80/b mark for the first time in six months, as prices...

Saudi Arabia's Bahri is set to expand its fleet with at least 10 new very large crude carriers (VLCCs) in 2025...

Turkey's crude oil imports pulled back from November's highs in December, dropping 8% on the month and 15% on the year to about...

Panama will ensure free passage for US Navy vessels through the Panama Canal and plans to withdraw from China's Belt and Road...

Saudi Aramco's Jazan refinery is undergoing scheduled maintenance, Middle East Economic Survey (MEES) reported...

US President Donald Trump has imposed sweeping tariffs on Canadian and Mexican imports, escalating trade tensions and disrupting...

Air travel demand in the Asia Pacific region is expected to keep growing this year after the demand for both passenger and cargo...

Speculative investors sharply reduced their net long positions in crude oil, diesel, and gasoline last week as US President Donald...

A Swiss court has convicted ex-Trafigura chief operating officer Mike Wainwright of bribing an Angolan official, sentencing him to 32...

South Korean exports of gasoline and diesel rose to a record high last year against the backdrop of weak refining margins, according to data from...

North American drilling activity rose for the first time in four weeks, with gains recorded in the US and Canada...

US President Donald Trump's affirmation Friday that his administration will push forward with 25% tariffs on goods from Canada and Mexico...

Phillips 66 warns that some 450,000 bpd of Mexican crude that usually arrives in the US will get redirected to Europe and Asia...

Below is a list of monthly averages for key Quantum refined oil product spot physical assessments...

Benchmark crude oil futures declined further on Friday to post the second consecutive weekly decline, while LSGO cracks firmed on returning...

Diesel showed signs of renewed strength in West of Suez markets this week, with tightening supply balances ushering support for margins...