Oil Market News

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

Middle East crude prices nudged to fresh three-month highs Monday, followed by firmer gasoline cracks in Asia as local refiners brace...

China's state-owned oil refiners last month cut their crude oil throughput to the lowest in over two years amid sluggish seasonal demand and a...

North American drilling activity was unchanged for a fourth week with major oil gas basins largely flat...

Crude futures were consolidating early-2025 gains on Friday with attention on colder weather and the outlook for broader oil demand this year...

Brazilian crude output inched higher over the month in November but was still down sharply on the year...

Crude oil futures Friday were building on recent firm gains with Arctic conditions in Europe and the US set to boost energy demand...

A Moscow court has ordered the Russian search engine Yandex to remove maps and edit images of a major oil refinery to protect...

European natural gas prices could surge significantly higher in the months ahead, Goldman Sachs warned Thursday, citing colder-than-...

Outgoing US President Joe Biden is set to issue a decree that would permanently ban new offshore oil and gas development...

Middle East benchmark Dubai crude soared to near three-month highs to kick off 2025, underpinned by the firmer global trend as...

Diesel gained momentum on both sides of the Suez this week, driven by falling temperatures that intensified oil-switching in the US and...

Residual fuel prices were dragged higher at the start of the year by the recent strength of the crude market, although the longer-term...

Gasoline storage remains the only play left for many Atlantic basin producers with the last remaining arbs to the east closed...

US President-elect Donald Trump has called for an overhaul of the North Sea energy industry, urging policymakers to "open up" the market...

The Zhejiang Mercantile Exchange has released biodiesel storage prices for China's Zhoushan port this week for January amid the country's...

Middle East crude prices soared to near three-month highs Friday, while the products market saw gasoil cracks continuing to firm amid...

Chinese demand for air travel during the Lunar New Year holiday season this year is expected to jump from 2024 on the back of stronger tourism...

China's gasoil consumption is set to drop sharply this month as economic activities slow ahead of a major national holiday, a local consultancy...

Crude and product futures were higher Thursday as colder weather increases the likelihood of oil demand this month, while stock data...