Energy Market News

Indonesia plans to build a new 500,000 bpd refinery capable of processing both domestic and international crude grades...

Nigerian producer Seplat expects to more than double its oil and gas production this year after acquiring ExxonMobil's asse...

Vitol announced on Tuesday that it had signed a long-term deal with LNGPH to supply the Philippines with LNG for the next decade...

Refined oil product deliveries into the Spanish market from Exolum terminals rebounded in February, latest figures showed Wednesday...

ExxonMobil's French subsidiary Esso is in the process of shutting its 240,000 bpd Gravenchon refinery...

Saudi Arabia's Aramco is weighing a deal for BP's lubricant business Castrol, according to a Bloomberg report Wednesday...

Middle East benchmark Dubai crude rebounded Wednesday, moving back above Brent, while margins for residual fuels continued to slump...

Emergency services extinguished a major fire at Azerbaijan's Heydar Aliyev oil refinery on Wednesday...

Equinor and its partners have made a gas and condensate discovery in the southern part of the Norwegian Sea, the company announced...

Fujairah's refined product inventories fell to 18.9 million barrels in the week to 5 March, down 8% week-on-week, as declines in light distillates...

The OPEC+ move to start unwinding cuts from April was driven by in-house wranglings over compliance rather than external political factors...

Kerosene inventories in Japan dropped further towards the tail end of February as the end of peak winter heating season saw local refiners...

US commercial crude stockpiles fell as did gasoline for the week ending February 28, according...

President Donald Trump may consider rolling back tariffs on selected goods from Canada and Mexico, according...

US Congress voted to do away with a fee put in place during the Biden Administration on methane emissions...

Enbridge sees demand for pipeline exit capacity for production out of the Permian Basin exceeding availability...

Benchmark crude oil futures were sharply lower on Tuesday as investors braced for returning OPEC+ barrels and escalating global trade...

Crude oil futures Tuesday extended losses after OPEC+ confirmed it would go ahead with output increases, sinking benchmarks to...

Ultra-low sulphur diesel (ULSD) loadings at Russia's main oil product terminals at Primorsk and Tuapse...

US natural gas futures surged higher for a second consecutive session, amid forecasts of colder weather and record LNG exports...