Oil Market News

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...

China's Shandong Port Group has barred US-sanctioned oil tankers from docking, unloading, or receiving services at its key terminals...

Oil and gas executives operating in the southern oil-producing states of the US expect energy prices to end 2025 slightly below current levels...

Middle East crude prices eased slightly from the three-month highs Tuesday after the rally in benchmarks ran out of steam...

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...

Crude oil output from core OPEC members eased by just over 100,000 bpd in December after the UAE reined in production...

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...

Speculative bullish sentiment in the crude oil and diesel market continued to improve into the end of 2024 as money managers shifted their...

Benchmark crude oil futures were rising for a sixth consecutive session Monday as markets braced for the colder weather gripping much of the...

US natural gas futures rebounded strongly on Monday with most of the US set to be hit by freezing conditions this week...

Crude oil futures Monday were marginally higher, as cold blasts in the US and Europe underpinned the firm start to 2025...

The CEO of Frontline, the world's largest publicly traded oil tanker operator, has criticised the International Maritime Organization (IMO)....

The Biden administration is set to introduce further sanctions targeting Russia's shadow tanker fleet, which transports crude oil sold...

Goldman Sachs believes that Iranian output will only decline by around 300,000 bpd despite sales being targeted by further sanctions...

Maintenance at Kazakhstan's Tengiz oil field, the country's largest, is set to conclude by mid-January, according to local media reports...

KazTransOil, Kazakhstan's national oil transporter, announced Monday it surpassed its 2024 oil transportation plan, achieving total throughput...

The regrade in Asia has hit its lowest levels in eight months in recent sessions as support for gasoil has amid falling temperatures...

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...

Asia Pacific airlines saw sustained growth in November as robust consumer demand coupled with accelerating business activity to support...

Saudi Aramco has increased the OSP for its flagship Arab Light crude loading in February, reflecting the firmer cash cargo premiums...