Oil Market News

Colonial Pipeline was been forced to shut its main gasoline pipeline, the country's largest, until at least Friday as it looks into a leak...

US commercial crude oil inventories registered a further weekly drop in a sequence going back to November, data published by the EIA...

US distillate fuel inventories registered a build for the fifth consecutive week, buoyed by a sharp rise in the Gulf Coast to bring nationwide stocks...

US gasoline inventories climbed for a ninth straight week to reach their highest level since last March...

Fuel oil east-west arbitrage economics is pointing firmly eastward this week after the US and its allies announced a new wave of sanctions aimed at choking...

US crude oil inventories posted another draw in the week ending 10 January but refined products registered a further round of steep gains...

Australian road fuel demand rose for the fifth consecutive month in November to reach its highest level on record, official data showed...

Middle East crude were steady for a second session, holding close to six-month highs, while the product side is still pricing in fresh sanctions...

Marine fuel sales in Singapore rose to a record high level last year, maintaining its position as the world's biggest ship fuelling hub as vessel traffic...

Fujairah's oil product inventories climbed for the second consecutive week, rising 13% to 18.47 million barrels as of 15 January, according to data released by the Fujairah Oil Industry Zone and S&P Global Commodity Insights...

South Korea's crude oil imports slumped in December as arrivals from the Middle East fell while a slight rebound in imports of US barrels...

The monthly output of crude oil and natural gas condensate in Azerbaijan rose to 609,000 bpd in December, the highest since December last...

Naphtha has struggled to keep up with crude's stellar start to 2025, as higher flatprices push feedstock margins deeper into negative territory...

US operator Colonial has shut its largest refined products pipeline to investigate a potential leak in Georgia...

Crude oil futures were drifting lower as markets took stock after the steep rally since the US and its allies announced tighter sanctions...

Benchmark crude oil futures lost momentum on Tuesday as markets absorbed the impact of tighter sanctions on Russian oil shipments...

The US Energy Information Administration (EIA) expects downward pressure on global oil prices this year and into 2026...

US LNG export capacity has reached new highs with two new terminals recently loading maiden cargoes as part of the start-up stage...

Strong demand for gasoline and jet fuel pushed French oil demand slightly higher last year...

Premiums for flagship crude grades surged to the highest levels in over two years, as the latest round of sanctions sent refiners scrambling...