Oil Market News

Oil product stocks in Japan fell 1.95 million barrels (3%) on the week to 432.9 million barrels, as refiners cut crude processing and middle distillate inventories saw sharp declines, data from the Petroleum Association of Japan (PAJ) showed...

European natural gas futures consolidated at around one-year highs amid cooling temperature forecasts and growing concerns over stocks...

Japanese refiner ENEOS has loaded a rare cargo of Canadian crude as China's economic slowdown curbs refinery demand, forcing Canadian...

Hess Corp reported a sharp rise in Q4 crude oil production on Wednesday, driven by strong gains in Guyana and US shale, as global oil...

A Ukrainian drone strike early Wednesday hit Russia's Andreapol oil pumping station, part of the Baltic Pipeline System-2, temporarily...

Benchmark crude oil futures ticked higher on Wednesday as fresh Ukrainian attacks on Russian oil infrastructure raised supply concerns, while...

US ethanol exports remained strong last week, reaching the highest level in over five months, according to the latest EIA data...

US commercial crude oil inventories posted their first gain in 10 weeks, according to data from the Energy Information Administration (EIA)...

Crude oil futures were slightly lower, surrendering the previous session's modest gains as investors monitor looming tariffs...

US distillate fuel inventories declined further last week, with demand surging to multi-year highs as Winter Enzo lashed across the country...

US gasoline stocks restocking ramped up again last week as imports ramped up during Winter Storm Enzo...

The Eurobob (EBOB) gasoline market in northwest Europe has tightened this month with contango at the front of the curve at its flattest...

The European Union continues to face challenges in its efforts to decarbonise its passenger vehicle fleet, the ACEA warned on Wednesday, calling...

The UK government Wednesday signalled its approval to expand Heathrow airport by greenlighting a third runway...

Russia is set to allow domestic oil companies to export gasoline for at least another month, a decision made more likely by US sanctions...

Trinidad and Tobago launched its biggest deepwater oil and gas auction, offering 26 offshore blocks, as the Caribbean state...

US Transportation Secretary Sean Duffy ordered a review of federal fuel economy rules, setting the stage for a rollback of Biden-era standards...

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...

A Ukrainian drone attack overnight on 29 January triggered a fire at the Kstovo industrial complex in Russia's Nizhny Novgorod region, home...

US commercial crude stockpiles gained nearly 3 million barrels, while those at the critical Cushing, Oklahoma, hub recorded a modest decline...