Oil Market News

Crude oil futures in opened the New Year higher, as benchmarks looked to extend the positive finish to 2024...

European natural gas prices were nudging higher Thursday, while US futures opened the New Year steady with both continents set to see...

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

US gasoline stocks reached their highest levels since July last week as demand sunk to fresh 10 month lows while production remained relatively flat...

US distillate oil stocks were on the up in the week to 27 December as output has continued to expand, hitting a three-month high...

US refiner Valero has put out a large fire that erupted at its Three Rivers refinery in Texas on New Years Day...

A sharp jump in diesel inventories helped push refined oil products held in the ARA region near their highest level in almost four years...

Battery-powered vehicles made up nine out of every ten new cars sold in Norway last year, according to registration data released Thursday...

Brazil's refined products output slipped to a four-month low in November although refinery throughput has remained buoyant...

Técnicas Reunidas has secured a $440 million contract to build a major oil storage and export terminal for Vaca Muerta, Argentina's...

Exports of Russian ESPO crude were at record levels in December, coming despite a clampdown on Russia's shadow shipping fleet...

Saudi Aramco has lowered prices for propane and butane this month for buyers in Asia, marking the end of four consecutive months of higher...

Spain's Repsol has started oil exploration in Libya for the first time in ten years, according to the North African country's national oil company.

Provisional data released Thursday by Indian officials pointed to a slowdown in domestic oil product consumption last month...

Middle East crude markets opened the New Year higher following on from the strong finish to 2024, while naphtha physical and paper...

US crude oil inventories posted another draw in the week ending 27 December but refined products posted solid gains...

Light product stocks in Singapore continued to climb last week, while middle distillate inventories fell to their lowest levels since July...

Residual fuel oil inventories fell 25% in Fujairah over the seven days to 30 December, having soared to their highest levels in the week...

Gasoline exports from Taiwan surged in November as local refiners ramped up crude throughput after maintenance, the latest government data...

The Chinese government said it would keep the annual fuel oil import quota for 2025 in line with the previous year's allowance despite Beijing's...