Oil Market News

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...

Protestors have agreed to suspend a blockade of Libya's Es Sider and Ras Lanuf terminals following talks with state-owned NOC...

Benchmark crude oil futures extended losses Tuesday with focus firmly centred around Trump's energy policies, while persistent industrial...

European diesel margins have been in retreat over recent weeks, however tightening supply balances may support prices in the near term...

Crude oil futures Tuesday were marginally higher as markets looked for support following more than a week of declines...

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.

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...