Oil Market News

Diesel and crude oil futures market extended rallies during the week ending 21 January as traders continued to price in the shockwaves from...

US President Donald Trump's 25% tariffs on all Colombian goods will increase the cost of roughly 215,000 bpd of crude imports from the..

Benchmark crude oil futures extended losses Friday to post the first weekly decline of the year, while LSGO cracks rebounded on returning supply...

Crude oil futures were nudging higher Friday although benchmarks were heading for the first weekly decline in a month...

Middle East benchmark Dubai crude rowed back from recent six-month highs following a sequence of steady declines...

Adnoc will not be returning to the Red Sea anytime soon, with the key shipping route still seen as a risk, according to a senior...

Naphtha and gasoline showed signs of a recovery this week as cracks and spreads rebounded as seasonal restocking slowed...

Chinese state-owned oil producer and refiner Sinopec processed 252.3 million mt of crude in 2024, equivalent to 5.05 million bpd...

Chevron has started oil production at its Future Growth Project (FGP) in Kazakhstan's Tengiz field, a key milestone in its efforts to boost...

HSFO cracks continued to firm to fresh multi-year highs this week in Singapore as the trade continues to work through the implications...

Diesel fell under pressure on both sides of the Suez this week, with cracks unravelling most of the gains made at the start of the month as...

Middle East crude prices retreated for a fifth straight session Friday as gradual declines saw Dubai drop 3% over the week, while...

Tight US supply has started pulling diesel from Europe for the first time in about a year, with freezing temperatures in the US Gulf...

An unplanned outage has forced a crude unit offline at Germany's largest refinery, the 310,000 bpd MiRO plant in Karlsruhe...

A Ukrainian drone strike late Thursday targeted Rosneft's Ryazan refinery, 180km southeast of Moscow, triggering fires and a wave of...

The global shipping industry faces stranded asset risks worth $400 billion as vessels and new orders are set to emit double the carbon permitted...

India has scaled back Russian crude imports in recent months, turning to Middle Eastern suppliers, while refined product exports...

US ethanol stocks hit a ten-month high last week despite a four-month high in exports, according to delayed EIA data...

Benchmark crude oil futures remained in retreat Thursday as markets braced for increased US oil supply under Trump, while LSGO extended...

US diesel stocks fell last week as demand picked up in the days before an arctic blast covered much of the country...