Oil Market News

Ghana's state-owned oil marketing company GOIL remained the country's top refined products supplier in 2024 though its market share...

Ghana's refined products demand hit a record high in 2024, reaching nearly 5.3 million mt/y and registering the largest year-on-year...

Benchmark crude oil futures traced lower Wednesday as Trump's aggressive energy policy softened supply concerns, while LSGO cracks hit...

Diesel cracks in northwest Europe fell for the fourth straight session Wednesday, as traders weigh the return of Red Sea shipping...

Specialist freight insurers have cautioned that Red Sea transits remain at risk, despite the Houthis declaring a halt on attacks...

Freezing temperatures have shuttered several units at Motiva's massive Port Arthur refinery, the company said Wednesday, adding to a...

Quantum Commodity Intelligence - Saudi Arabia's crude exports ramped up over the month in November as domestic refinery run...

India's Minister for Petroleum and Natural Gas said the country will achieve 20% ethanol blending in gasoline next month...

Winter Storm Enzo has shut in up to 160,000 bpd or 13% of oil production in the US state of North Dakota...

Crude oil futures Wednesday were marginally lower as benchmarks finally steadied after several days of declines...

Warren Buffett's Pilot Company is shutting down its international oil trading business to concentrate on North American retail...

Refineries and port officials in Texas and Louisiana were assessing the impact of the latest big freeze early Wednesday, as Winter Storm Enzo...

US natural gas futures eased during the first half of the week as disruptions caused by the latest freeze were expected to be less than...

Saudi Aramco remains upbeat on the prospect of oil demand growth, including projections for China...

Middle East crude prices were down for a third session Wednesday, while premiums also eased, while weak demand has meant the front...

Australia's Woodside Energy is expected to maintain output near record levels again this year as the company seeks...

A fire broke out in the naphtha hydrotreater unit at CVR Energy's Coffeyville refinery in Kansas on Monday afternoon...

Refined oil product stocks at the Middle East's main storage hub at Fujairah were lower across the barrel last week, led by a drop in fuel...

A big drop in diesel demand in Argentina last month meant refined product sales pulled back from November's four-month highs as...

Weekly crude oil throughput in Japan dropped during the seven-day period ending 18 January, pulling refined product stocks...