Oil Market News

ExxonMobil extended its position as the world's top energy major by beating analyst forecasts Friday on the back of record Q4...

European natural gas futures surged to fresh 15-month highs as colder weather added to already growing concerns over supplies...

Gasoline struggled to break through its current range this week as its recent recovery looks to have quickly shuttered export arbs...

Crude oil futures were drifting lower, having struggled to hold earlier gains after President Donald Trump reiterated plans to impose tariffs...

Middle East benchmark Dubai crude was down over 2% following another round of steady declines...

Crude throughput on the majority Shell-owned Mars Oil Pipeline Company system slipped 11% in November 2024...

HSFO cracks in Singapore strengthened , aided by weaker crude, while marine fuel markets saw narrowing spreads amid limited trade...

European vehicle manufacturers have called on the European Union to take immediate steps to safeguard the industry's competitiveness and...

Deliveries of diesel in Brazil hit a new record high last year, government statistics showed Friday, while gasoline lost ground...

Reports surfaced Friday of a leak at Nigeria's new Dangote refinery, affecting its gasoline-making residual fluid catalytic cracker (RFCC).

Middle East crude prices retreated for an eighth straight session Friday as physical markets, while product cracks...

The International Energy Agency has come under fire this week, with its former Head of Oil slamming the agency over its "fanciful" and...

Ukraine launched another attack on Russian energy infrastructure overnight, setting on fire at least one refinery in the Volgograd region...

Residual fuel inventories in Singapore continued to slide during the seven-day period ending 29 January, pulling the overall fuel availability at the Asian...

Domestic demand for refined oil products in Japan last year fell across the barrel, with overall crude throughputs down nearly 8% year on year...

US natural gas inventory fell for the 11th week to reach 2,571 Bcf as of 24 January, according to the Energy Information Administration...

The Trump administration has asked the US Supreme Court to pause the pending small refinery exemption (SRE) lawsuit as the EPA seeks to reassess the basis for petition denials...

Valero sees a 10% decline in refining throughput if the US proceeds with a tax on Canadian imports and if it stays ...

A UK court quashed the approvals of two new North Sea oil and gas fields, meaning fresh government consent is needed for drilling...

Benchmark crude oil futures were in retreat on Thursday as the US Federal Reserve kept interest rates steady, while LSGO extended...