Oil Market News

Speculative net length in crude oil widened to its highest level since April after a turbulent week that saw prices surge on fresh Western...

Six US refiners have filed 11 petitions to avoid blending mandates in the US, the Environmental Protection...

Benchmark crude oil futures edged higher Friday as investors braced for Donald Trump's return to the Oval Office, while falling European gas...

Colonial has restarted the Line 1 pipeline after completing repairs that shut the largest refined products artery in the US earlier in the week...

Crude oil futures were slightly lower, although markets consolidated a fourth week of positive returns amid tighter sanctions on Russian oil...

North Dakota's crude oil output rebounded sharply over the month in November as the impact from late-summer wildfires subsided...

US natural gas futures faced another choppy session Friday, as prices rowed back from recent highs despite plunging temperatures and...

Diesel continued to outpace crude on both sides of the Suez this week as the US unveiled its most extensive and stringent sanctions on Russian...

Bunker sales at the ports of Antwerp and Bruges hit a record high in the last three months of 2024 as a rebound in high sulfur fuel oil (HSFO)...

Brazil's state-ran energy giant Petrobras said Friday it produced record gasoline and low-sulphur last year...

HSFO margins jumped last week even as the rally in crude continued to lift flat prices, with the market working through the effects of...

Middle East benchmark Dubai crude soared to six-month highs with refiners in Asia left the most exposed to the latest clampdown...

Yemen's Houthi militia is expected to halt attacks on Red Sea vessels, maritime security officials announced Thursday, signalling an end to a...

A widening gasoline-naphtha spread has improved blending margins but they remained relatively weak globally despite higher US...

xx...Middle East crude prices posted fresh six-month highs Friday amid the scramble for replacement barrels, while gasoil...

TotalEnergies saw a $10/mt recovery in refinery margins last quarter, but warned the downstream environment remains weak...

The total number of hybrid and electric vehicles in China grew to 31.4 million units by the end of last year, reaching a new record high as oil demand in the country is...

Panama's bunker fuel market closed 2024 on strong footing, with December sales climbing by 6.9% from November's dip and a robust 28% higher year on year, according to the Panama Maritime Authority...

Russia's crude oil and refined product exports dropped 2.6% in 2024, with seaborne volumes falling to 398.6 million mt, according to...

China's crude oil throughput in 2024 declined by 3% year-on-year, reflecting weak refining margins and a sluggish recovery in domestic...