Oil Market News

10 Jan 2025
Kinder Morgan has temporarily halted operations of its SFPP West and CALNEV pipeline systems in Southern California due to power outages...
9 Jan 2025
Crude oil futures rebounded from earlier lows on reports that the outgoing Biden administration was set to introduce a fresh round of sanctions...
9 Jan 2025
US natural gas futures Wednesday extended the firmer midweek trend as southern states were hit by a second winter blast...
9 Jan 2025
Benchmark crude oil futures rebounded Thursday as the cold snap tightened its grip on the Northern Hemisphere, helping LSGO to reach...
9 Jan 2025
Shell and Chevron have kicked off oil production at the Whale platform in the US Gulf of Mexico, adding a new stream of barrels from...
9 Jan 2025
Average diesel sales at UK forecourts fell 13% in December to 220,641 litres, marking a sharp monthly decline and a 10% drop from...
9 Jan 2025
Refined oil product inventories held in the ARA region edged higher last week, data showed Thursday, driven by a sharp build in gasoline...
9 Jan 2025
Middle East shipping risks are likely to surge under a potential second Trump presidency, consultancy Ambrey said in a report...
9 Jan 2025
TotalEnergies is set to drill its first exploration well in Suriname's Block 64, the company's country manager said Wednesday, marking a significant...
9 Jan 2025
Shell will take a $400 million hit on one of its major offshore ventures in Namibia after the project was deemed commercially unviable...
9 Jan 2025
Global air cargo demand stabilised in November, offering a tentative sign of recovery in a market still grappling with weaker trade flows...
9 Jan 2025
The Americas' crude oil export landscape saw a significant reshuffling in 2024, with Brazil and Guyana compensating for a slowdown from...
9 Jan 2025
Crude oil prices this year could be as much as $10/b lower than in 2024 as Chinese demand is set to peak amid a boom in electric vehicle...
9 Jan 2025
Saudi Aramco has trimmed term allocations to customers in China for February, as the OPEC kingpin looks to keep a lid on output...
9 Jan 2025
Middle East crude prices rowed back Thursday, catching up with the Brent retreat after Asia had closed in the previous session, while...
9 Jan 2025
Norwegian gas production surged to a record high last year, underscoring the country's critical role in bolstering European energy security amid...
9 Jan 2025
Refined product stocks in Singapore fell during the first week of 2025 as a draw in middle distillate inventories offset a stock build of...
9 Jan 2025
Supply tightness across global diesel markets is set to alleviate going into the Spring this year as the end of seasonal refinery maintenance...
8 Jan 2025
Texas crude oil production in 2024 averaged 5.7 million bpd, the third consecutive year the US state established a new record-high for output...
8 Jan 2025
Benchmark crude and product futures retraced earlier gains Wednesday on a stronger dollar, while US inventory data painted a decisively...
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