Oil Market News

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

Kinder Morgan has temporarily halted operations of its SFPP West and CALNEV pipeline systems in Southern California due to power outages...

Crude oil futures rebounded from earlier lows on reports that the outgoing Biden administration was set to introduce a fresh round of sanctions...

US natural gas futures Wednesday extended the firmer midweek trend as southern states were hit by a second winter blast...

Benchmark crude oil futures rebounded Thursday as the cold snap tightened its grip on the Northern Hemisphere, helping LSGO to reach...

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...

Average diesel sales at UK forecourts fell 13% in December to 220,641 litres, marking a sharp monthly decline and a 10% drop from...

Refined oil product inventories held in the ARA region edged higher last week, data showed Thursday, driven by a sharp build in gasoline...

Middle East shipping risks are likely to surge under a potential second Trump presidency, consultancy Ambrey said in a report...

TotalEnergies is set to drill its first exploration well in Suriname's Block 64, the company's country manager said Wednesday, marking a significant...

Shell will take a $400 million hit on one of its major offshore ventures in Namibia after the project was deemed commercially unviable...

Global air cargo demand stabilised in November, offering a tentative sign of recovery in a market still grappling with weaker trade flows...

The Americas' crude oil export landscape saw a significant reshuffling in 2024, with Brazil and Guyana compensating for a slowdown from...

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...

Saudi Aramco has trimmed term allocations to customers in China for February, as the OPEC kingpin looks to keep a lid on output...

Middle East crude prices rowed back Thursday, catching up with the Brent retreat after Asia had closed in the previous session, while...

Norwegian gas production surged to a record high last year, underscoring the country's critical role in bolstering European energy security amid...

Refined product stocks in Singapore fell during the first week of 2025 as a draw in middle distillate inventories offset a stock build of...

Supply tightness across global diesel markets is set to alleviate going into the Spring this year as the end of seasonal refinery maintenance...

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...