Oil Market News

Canadian crude shipped to the US via pipeline jumped over the month in November, official data showed Tuesday...

Indian refiners have requested that one of the country's major crude suppliers, Adnoc, supply crude on a delivered basis in a bid to help...

Domestic crude oil and natural gas production in China is expected to increase again in 2025, marking potentially a ninth consecutive...

The International Energy Agency (IEA) has warned that global natural gas markets will remain tight over the year ahead, with demand...

Benchmark crude oil futures lost their footing Monday as investors weighed the implications of a second Trump presidency against a backdrop of...

State-owned Kuwait Oil Company said Monday it has discovered of 800 million barrels of medium density oil

Crude oil futures opened the week slightly lower, as markets took a breather ahead the inauguration of President Donald Trump...

Volumes of Canadian crude exported via the TMX pipeline could increase as the threat of US tariffs boosts demand for available capacity...

Yemen's Houthi militia will limit Red Sea attacks to Israeli-linked vessels, the country's Humanitarian Operations Coordination Centre (HOCC)...

China's fuel oil production fell to 1.3 million mt in December 2024, down 21% from November's 1.7 million mt and 10.7% lower than December...

BP has restarted one of two production platforms in Azerbaijan's largest natural gas field Shah Deniz...

US refiner Marathon Petroleum said it discovered at a leak at its 631,000 bpd Galveston Bay refinery during maintenance over the weekend...

Middle East crude prices opened the week lower, while gasoil cracks firmed to a fresh nine-month high....

Kazakhstan's crude oil output dropped in December to its second lowest print in 2024 as the country looks to scale back...

Nigeria's crude oil output held at recent highs last month, just shy of its OPEC+ target of 1.5 million bpd...

China's middle distillate output surged in 2024 amid a global demand recovery, while gasoline production growth stalled as domestic oil...

Jet fuel exports from China jumped in 2024 amid a strong recovery of global tourism while shipments of gasoline and diesel slumped as supply...

North American drilling activity declined for a second week and to the lowest three years...

President-elect Donald Trump is set to declare a national energy emergency on his first day in office, deploying sweeping executive...

Chinese crude oil imports from Malaysia rose sharply last year as independent refiners in China became more dependent on discounted...