Oil Market News
13 Jan 2025
Middle East crude opened the week over 5% higher as East of Suez markets were given first chance to react to the fresh round...
13 Jan 2025
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...
13 Jan 2025
Ukraine has launched a drone attack on Russia's TANEKO refinery in Tatarstan, according to local media reports, continuing its campaign...
13 Jan 2025
Australia's Viva Energy Group has temporarily shut down its Geelong Refinery after a power outage caused by a lightning storm on 12 January...
13 Jan 2025
North American drilling activity declined for the first time in six weeks after flatlining for the past month...
13 Jan 2025
Kinder Morgan resumed operations of its SFPP West and CALNEV fuel pipelines on Friday, after being shut since 8 January due to...
13 Jan 2025
Refined oil product exports by Chinese refiners slumped in the final month of 2024 despite a modest rebound in crude oil imports, government data...
13 Jan 2025
Bullish sentiment in the crude oil futures market strengthened further last week as funds increased their holdings of long Brent contracts...
10 Jan 2025
Benchmark crude oil futures surged on Friday as investors braced for an increasingly hostile global trade environment following fresh US...
10 Jan 2025
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...
10 Jan 2025
Residual fuel prices continued their upward trajectory this week, buoyed by robust crude benchmarks that were not enough to make...
10 Jan 2025
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...
10 Jan 2025
Crude prices surged on Friday after the US Treasury unveiled sweeping sanctions targeting Russia's oil sector, escalating efforts to...
10 Jan 2025
Crude oil futures Friday were sharply higher as markets consolidated a third week of positive returns amid tighter sanctions on...
10 Jan 2025
Thailand's refined oil product deliveries firmed to their highest levels since April in November, with demand in the country drawing in on...
10 Jan 2025
Malaysia's diesel production surged to its highest levels since March 2023 in November, offsetting a drop in gasoline as refinery output...
10 Jan 2025
Middle East benchmark Dubai crude soared to fresh three-month highs as buyers in Asia scrambled to cover potential shortfalls...
10 Jan 2025
UK gas reserves are 26% below year-ago levels after a severe cold snap drove demand higher and supply routes tightened, Centrica said Friday...
10 Jan 2025
US natural gas futures continued the firm upwards trend Friday, as the prospect of freeze-offs impacting production helped to consolidate...
10 Jan 2025
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...