Oil Market News

Key OPEC ministers have met in Riyadh after President Trump called on the group to pump more oil...

Middle East crude prices retreated for a seventh straight session Tuesady but remained the strongest global benchmark, while jet...

Russian crude oil arrivals in India are set to continue rising in February despite the latest Western sanctions targeting Moscow's...

Benchmark crude oil futures opened the week lower as investors deliberated over President Trump's assertive energy policies, while persistent...

US refiner Phillips 66 shut at least two units at its 265,000 bpd Sweeny refinery in Texas on Friday because of a power loss, the company said...

Crude oil futures opened the week lower to extend the price slide that has now wiped over 7% from headline Brent prices....

A large fire appeared to rip through the Khartoum oil refinery at the weekend, Sudan's largest, caught in the middle of bloody...

- US natural gas futures opened the week around 8% lower amid milder temperature forecasts slowing demand...

At least four independent Chinese refineries, known as 'teapots', were reported Monday to have closed crude units after...

Kazakhstan has sent its first crude oil shipment from the Kashagan field through the Caspian Sea to Azerbaijan's port of Baku, state-owned...

Nigeria's Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has come under scrutiny as it defends the issuance of oil...

The naphtha east-west spread sank to its lowest levels since July during Monday's trading session, with the gap between Asian and European...

Angola's crude oil output slumped 6% on the month in December to 1.02 million bpd, hitting its lowest average daily production since March...

Brazilian crude throughput rates at its refineries firmed to their highest levels since the start of the year in December, holding above the 2...

Production at Iraq's massive Rumaila oil field has been reduced by up to 300,000 bpd or around a quarter...

Middle East crude prices retreated for a sixth straight session Monday as the run of steady declines continued into the shortened week...

Shell reported a small fire and a spill of up to 30 litres of crude oil at its 404,000 bpd Pernis refinery over the weekend but said it would...

North American drilling activity declined for a third week and to post a fresh three-year lows, according to Baker Hughes...

Goldman Sachs has increased its 2025 gasoline margin forecasts for key refining hubs while adopting a more bearish stance on diesel...

Freight rates for very large crude carriers (VLCCs) on key Middle East-Asia routes have surged this month on robust crude buying by...