Oil Market News

US crude oil stocks were flat in the most recent week amid stable production while increased exports offset weaker refinery runs...

The pace of gasoline restocking slowed last week, but still hit a fresh ten-month high, as seasonal demand slumped ahead of a winter...

Supplies of natural gas to Freeport LNG's Texas export plant in were seen returning Thursday, having been knocked offline...

European air travel is forecast to recover fully to pre-pandemic levels this year, according to a report published Thursday by Eurocontrol...

Italian oil product demand recorded solid growth in 2024, with deliveries of gasoline, diesel and jet fuel all higher.

LyondellBasell will begin the planned permanent closure of its 264,000 bpd Houston refinery over the coming week, the company confirmed Thursday.

Gasoline inventories continued to rise in the ARA region last week, figures showed Thursday, though draws across the rest of the barrel...

Crude oil futures were slightly lower on Thursday as markets steadied at a support level following a week-long retreat that wiped out more than...

India's domestic crude runs rose to 23.9 million mt in December 2024, marking a 10% increase from November's 21.64 million mt and a...

ANZ anticipates a challenging year ahead for global natural gas markets in 2025, projecting sustained upward pressure on prices as escalating...

Australian energy producer Santos is advancing plans for a second LNG plant at Darwin as it looks to market gas internationally from the...

Middle East crude prices eased for a fourth straight session Thursday although they showed signs of stabilising, while the selloff...

Japan's petrochemical product output slid in 2024 on the back of weak cracking margins and continued industry consolidation...

US crude oil inventories registered a first build of the year while refined products posted a further round of gains, according...

Motiva has been forced to move back plans to carry out essential work on its gasoline-making FCC at the Port Arthur refinery...

China's state-owned oil producer CNOOC plans to boost oil and gas production to a record high in 2025, citing expectations for 5% economic...

Light distillate stocks in Singapore fell for the second consecutive week as exports surged ahead of the Lunar New Year...

Crude oil imports into Japan last month increased to the highest level in two years, while domestic refinery runs continued to recover...

Australian refiner Ampol reported a recovery in refining margins at its Lytton refinery in Q4, with the margin improving to $4.60/b...

US President Donald Trump on Wednesday warned Russia of fresh tariffs and sanctions unless President Vladimir Putin agrees to end...