Oil Market News

Crude oil futures Wednesday rowed back from earlier three-month highs as bearish EIA inventory report wiped out earlier gains...

US commercial crude oil inventories registered a second weekly drop of 1 million barrels during the latest reporting cycle...

US gasoline inventories surged to fresh 10-month highs last week as refiners processed more crude to bolster reserves amid a seasonal...

US distillate fuel inventories continued to build for a fourth consecutive week, buoyed by a big rise in Midwestern inventories as countrywide...

US natural gas futures Wednesday were higher amid another volatile session, as weather conditions left investors guessing on the impact for gas...

Gasoline cracks have come under additional downward pressure, hitting fresh lows during trade on Wednesday and threatening to fall...

Norway's Equinor has extended the timeline for maintenance at its Hammerfest LNG plant by 10 days to 19 January, the company said...

President-elect Donald Trump on Tuesday announced plans to revoke President Joe Biden's sweeping offshore drilling ban, describing...

Spain's imports of US crude oil surged to their record levels in November, preliminary trade data showed Wednesday, despite domestic fuel...

Middle East crude prices surged to fresh three-month highs Wednesday on potentially tightening availabilities, while spot gasoil touched...

Oil production from the 12 core OPEC members eased during December as reductions in the UAE and Iran offset increases from Libya and...

Fujairah oil product inventories increased by 13.3% in the week to 8 January, climbing by 2.07 million barrels to 17.61 million barrels...

US crude oil inventories posted another draw but refined products registered a further round of steep gains...

Valero Energy's McKee Refinery in Texas was hit by a power outage on Tuesday, shutting down multiple units and triggering emissions...

Inventories of jet fuel in Japan fell to a four-month low last week as local refiners prioritised heating oil feedstock output amid falling...

A fire hit one of the crude distillation units at Sinopec's Zhenhai refinery Tuesday evening, but no casualties or injuries were reported, the company...

Crude oil futures Tuesday were climbing higher, overturning earlier losses following reports that a key Chinese port is set to ban sanctioned...

Benchmark crude oil futures continued their ascent Tuesday despite concerns about escalating US-China trade tensions...

US natural gas futures eased back Tuesday amid uncertainty on the extent of the Arctic blast blanketing much of North America...

US crude oil exports climbed to their highest level in nine months in November as resurgent Asian demand coincided with easing hurricane...