Oil Market News

29 Jan 2025
US ethanol exports remained strong last week, reaching the highest level in over five months, according to the latest EIA data...
29 Jan 2025
US commercial crude oil inventories posted their first gain in 10 weeks, according to data from the Energy Information Administration (EIA)...
29 Jan 2025
Crude oil futures were slightly lower, surrendering the previous session's modest gains as investors monitor looming tariffs...
29 Jan 2025
US distillate fuel inventories declined further last week, with demand surging to multi-year highs as Winter Enzo lashed across the country...
29 Jan 2025
US gasoline stocks restocking ramped up again last week as imports ramped up during Winter Storm Enzo...
29 Jan 2025
The Eurobob (EBOB) gasoline market in northwest Europe has tightened this month with contango at the front of the curve at its flattest...
29 Jan 2025
The European Union continues to face challenges in its efforts to decarbonise its passenger vehicle fleet, the ACEA warned on Wednesday, calling...
29 Jan 2025
The UK government Wednesday signalled its approval to expand Heathrow airport by greenlighting a third runway...
29 Jan 2025
Russia is set to allow domestic oil companies to export gasoline for at least another month, a decision made more likely by US sanctions...
29 Jan 2025
Trinidad and Tobago launched its biggest deepwater oil and gas auction, offering 26 offshore blocks, as the Caribbean state...
29 Jan 2025
US Transportation Secretary Sean Duffy ordered a review of federal fuel economy rules, setting the stage for a rollback of Biden-era standards...
29 Jan 2025
Fujairah's oil product inventories surged 16.9% over the week led by a sharp rise in fuel oil and light distillate stocks, as market participants responded to shifting regional supply flows and refinery output adjustments...
29 Jan 2025
A Ukrainian drone attack overnight on 29 January triggered a fire at the Kstovo industrial complex in Russia's Nizhny Novgorod region, home...
29 Jan 2025
US commercial crude stockpiles gained nearly 3 million barrels, while those at the critical Cushing, Oklahoma, hub recorded a modest decline...
28 Jan 2025
Protestors have agreed to suspend a blockade of Libya's Es Sider and Ras Lanuf terminals following talks with state-owned NOC...
28 Jan 2025
Benchmark crude oil futures extended losses Tuesday with focus firmly centred around Trump's energy policies, while persistent industrial...
28 Jan 2025
European diesel margins have been in retreat over recent weeks, however tightening supply balances may support prices in the near term...
28 Jan 2025
Crude oil futures Tuesday were marginally higher as markets looked for support following more than a week of declines...
28 Jan 2025
Brazil's Petrobras reported a small decline in oil and gas output last year, dampening expectations of further growth in what was one of the world's fastest growing producers.
28 Jan 2025
The marine fuel 0.5% sulfur east-west spread is at the narrowest levels since July 2023 as the Singapore market grapples with big stocks...
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