Oil Market News
8 Jan 2025
Crude oil futures Wednesday rowed back from earlier three-month highs as bearish EIA inventory report wiped out earlier gains...
8 Jan 2025
US commercial crude oil inventories registered a second weekly drop of 1 million barrels during the latest reporting cycle...
8 Jan 2025
US gasoline inventories surged to fresh 10-month highs last week as refiners processed more crude to bolster reserves amid a seasonal...
8 Jan 2025
US distillate fuel inventories continued to build for a fourth consecutive week, buoyed by a big rise in Midwestern inventories as countrywide...
8 Jan 2025
US natural gas futures Wednesday were higher amid another volatile session, as weather conditions left investors guessing on the impact for gas...
8 Jan 2025
Gasoline cracks have come under additional downward pressure, hitting fresh lows during trade on Wednesday and threatening to fall...
8 Jan 2025
Norway's Equinor has extended the timeline for maintenance at its Hammerfest LNG plant by 10 days to 19 January, the company said...
8 Jan 2025
President-elect Donald Trump on Tuesday announced plans to revoke President Joe Biden's sweeping offshore drilling ban, describing...
8 Jan 2025
Spain's imports of US crude oil surged to their record levels in November, preliminary trade data showed Wednesday, despite domestic fuel...
8 Jan 2025
Middle East crude prices surged to fresh three-month highs Wednesday on potentially tightening availabilities, while spot gasoil touched...
8 Jan 2025
Oil production from the 12 core OPEC members eased during December as reductions in the UAE and Iran offset increases from Libya and...
8 Jan 2025
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...
8 Jan 2025
US crude oil inventories posted another draw but refined products registered a further round of steep gains...
8 Jan 2025
Valero Energy's McKee Refinery in Texas was hit by a power outage on Tuesday, shutting down multiple units and triggering emissions...
8 Jan 2025
Inventories of jet fuel in Japan fell to a four-month low last week as local refiners prioritised heating oil feedstock output amid falling...
8 Jan 2025
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...
7 Jan 2025
Crude oil futures Tuesday were climbing higher, overturning earlier losses following reports that a key Chinese port is set to ban sanctioned...
7 Jan 2025
Benchmark crude oil futures continued their ascent Tuesday despite concerns about escalating US-China trade tensions...
7 Jan 2025
US natural gas futures eased back Tuesday amid uncertainty on the extent of the Arctic blast blanketing much of North America...
7 Jan 2025
US crude oil exports climbed to their highest level in nine months in November as resurgent Asian demand coincided with easing hurricane...