Oil Market News

Sales of electric and hybrid vehicles in China are forecast to jump more than 24% this year as Beijing looks to offer more policy support for...

Ukraine has launched a drone attack on Russia's TANEKO refinery in Tatarstan, according to local media reports, continuing its campaign...

Australia's Viva Energy Group has temporarily shut down its Geelong Refinery after a power outage caused by a lightning storm on 12 January...

North American drilling activity declined for the first time in six weeks after flatlining for the past month...

Kinder Morgan resumed operations of its SFPP West and CALNEV fuel pipelines on Friday, after being shut since 8 January due to...

Refined oil product exports by Chinese refiners slumped in the final month of 2024 despite a modest rebound in crude oil imports, government data...

Bullish sentiment in the crude oil futures market strengthened further last week as funds increased their holdings of long Brent contracts...

Benchmark crude oil futures surged on Friday as investors braced for an increasingly hostile global trade environment following fresh US...

A Panama-flagged tanker carrying 99,000 mt of Russian fuel oil is adrift in the Baltic Sea near Germany's Rügen island after losing power...

Residual fuel prices continued their upward trajectory this week, buoyed by robust crude benchmarks that were not enough to make...

Diesel struggled to keep pace with crude on both sides of the Suez this week as US inventory data painted a decisively bearish picture but...

Crude prices surged on Friday after the US Treasury unveiled sweeping sanctions targeting Russia's oil sector, escalating efforts to...

Crude oil futures Friday were sharply higher as markets consolidated a third week of positive returns amid tighter sanctions on...

Thailand's refined oil product deliveries firmed to their highest levels since April in November, with demand in the country drawing in on...

Malaysia's diesel production surged to its highest levels since March 2023 in November, offsetting a drop in gasoline as refinery output...

Middle East benchmark Dubai crude soared to fresh three-month highs as buyers in Asia scrambled to cover potential shortfalls...

UK gas reserves are 26% below year-ago levels after a severe cold snap drove demand higher and supply routes tightened, Centrica said Friday...

US natural gas futures continued the firm upwards trend Friday, as the prospect of freeze-offs impacting production helped to consolidate...

Gasoline margins came under pressure during the first full trading week of the new year as a well-supplied Atlantic basin forced refiners to dump...

Middle East crude markets raced to three-month peaks as the early-2025 price rally continued, while gasoil hit fresh five-month highs...