Oil Market News

China will introduce a new customs code for fuel oil imports in the new year in a bid to tighten regulation around a market used by...

The Chinese government has granted a second batch of crude oil import quotas for non-state refiners in 2025 to bring the cumulative allocation for...

US commercial crude oil inventories registered a drop of over 4 million barrels during the latest reporting cycle...

US distillate stocks continued to fall during the week ending 20 December to a four-week low on the back of the Christmas travel season and...

Crude oil futures Friday were climbing higher as markets extended the otherwise slim weekly gains...

US gasoline stocks reached their highest level since August last week as domestic crude processing bounced back, offsetting an uptick in holiday...

Crude futures were higher Friday to end the short trading week with a small gain with attention on 2025 oil demand...

Refined product stocks in Northwest Europe hit their highest levels since May 2023 this week as a big build in residual fuel inventories...

Japan's domestic oil product sales in November surged to their highest level since spring, driven by stronger kerosene demand as cold...

Mexico's refined oil product imports were back up after October's seven-month lows as an uptick in diesel and LPG arrivals offset lower...

Middle East benchmark Dubai crude ended the week firmer, comfortably outpacing Brent amid supportive Middle East fundamentals...

Thailand's crude demand slipped in November as customs data showed gross crude imports slipping to their lowest levels since February...

US crude oil inventories posted another solid draw in the week ending 20 December, while refined product stockpiles were mixed...

Shell has halted operations at an oil processing unit at its Pulau Bukom refinery in Singapore to investigate a suspected leak, the...

Indian refiner Bharat Petroleum Corporation Ltd (BPCL) is set to invest $11 billion in a new refinery and petrochemical complex in...

The Aleksey Kosygin, Russia's first domestically built ice-class LNG carrier, has begun sea trials from the Zvezda shipyard near Vladivostok...

Finnish authorities have detained a Russian-linked oil tanker, Eagle S, suspected of damaging undersea power and data cables in the...

Middle East benchmark Dubai prices strengthened heading into the year end, while interest in physical middle distillate parcels...

Iraq's crude oil exports in November dropped slightly from the previous month as the OPEC member sought to bring its...

Japan's crude oil imports fell sharply in November to the lowest level in four months at 2.13 million bpd, data from the Ministry of Finance showed...