Oil Market News
7 Jan 2025
The US government has placed Chinese oil major CNOOC on a military blacklist due to its ties to the People's Liberation Army (PLA), citing...
7 Jan 2025
China's Shandong Port Group has barred US-sanctioned oil tankers from docking, unloading, or receiving services at its key terminals...
7 Jan 2025
Oil and gas executives operating in the southern oil-producing states of the US expect energy prices to end 2025 slightly below current levels...
7 Jan 2025
Middle East crude prices eased slightly from the three-month highs Tuesday after the rally in benchmarks ran out of steam...
7 Jan 2025
Spain's road and jet fuel consumption fell to their lowest levels in nine months in November as domestic travel eased from its summer peak...
7 Jan 2025
Crude oil output from core OPEC members eased by just over 100,000 bpd in December after the UAE reined in production...
7 Jan 2025
Phillips 66 is set to buy EPIC NGL for $2.2 billion, boosting its position in the fast-growing natural gas liquids (NGL) market as Permian...
7 Jan 2025
Speculative bullish sentiment in the crude oil and diesel market continued to improve into the end of 2024 as money managers shifted their...
6 Jan 2025
Benchmark crude oil futures were rising for a sixth consecutive session Monday as markets braced for the colder weather gripping much of the...
6 Jan 2025
US natural gas futures rebounded strongly on Monday with most of the US set to be hit by freezing conditions this week...
6 Jan 2025
Crude oil futures Monday were marginally higher, as cold blasts in the US and Europe underpinned the firm start to 2025...
6 Jan 2025
The CEO of Frontline, the world's largest publicly traded oil tanker operator, has criticised the International Maritime Organization (IMO)....
6 Jan 2025
The Biden administration is set to introduce further sanctions targeting Russia's shadow tanker fleet, which transports crude oil sold...
6 Jan 2025
Goldman Sachs believes that Iranian output will only decline by around 300,000 bpd despite sales being targeted by further sanctions...
6 Jan 2025
Maintenance at Kazakhstan's Tengiz oil field, the country's largest, is set to conclude by mid-January, according to local media reports...
6 Jan 2025
KazTransOil, Kazakhstan's national oil transporter, announced Monday it surpassed its 2024 oil transportation plan, achieving total throughput...
6 Jan 2025
The regrade in Asia has hit its lowest levels in eight months in recent sessions as support for gasoil has amid falling temperatures...
6 Jan 2025
Equinor's Troll field in the North Sea set a new annual production record in 2024, the company said in a statement Monday, delivering 42.5...
6 Jan 2025
Asia Pacific airlines saw sustained growth in November as robust consumer demand coupled with accelerating business activity to support...
6 Jan 2025
Saudi Aramco has increased the OSP for its flagship Arab Light crude loading in February, reflecting the firmer cash cargo premiums...