Americas Oil Market News

North American drilling activity steadied despite a drop in the number of rigs in the Texas energy hub...

Crude oil futures were climbing higher Friday to consolidate the week's moderate gains, underpinned by hopes of a boost from China...

Marine fuel prices continued to come off in Singapore last week amid a persistent supply overhang, a move that has weighed on...

Trafigura Group posted a significant 62% drop in net profit for its 2024 financial year, recording $2.8 billion, as the company absorbed...

Middle East crude eased slightly on the day but still posted comfortable weekly gains, while gasoline cracks continued to firm to near...

Crude oil futures were steady Thursday, with investors looking for details on Beijing's plans to boost China's stumbling economy via...

OPEC and its allies boosted oil production by 320,000 bpd in November, led by significant increases in Libya and Kazakhstan...

Russia's state-owned Rosneft has signed a 10-year deal to supply India's privately owned Reliance Industries with 500,000 bpd...

The International Energy Agency (IEA) forecasts a global oil surplus of up to 1.4 million bpd in 2025, even as demand rises by 1.1 million...

Middle East crude climbed to monthly highs as sentiment pivoted to the upside, while gasoline margins continued to firm amid tighter...

Lower oil prices and sufficient global supplies is allowing the US and its allies to look for "creative" ways to target Russia with additional sanctions...

US gasoline stocks rose for the fourth consecutive week over the seven days to 6 December, reaching their highest levels in nearly two...

US commercial crude oil inventories registered a moderate drop of around 1.4 million barrels during the latest reporting cycle...

Crude oil futures were climbing higher on growing expectations of further China stimulus, while speculation on tighter sanctions...

US distillate stocks climbed to their highest levels in nearly two months last week as improving arbitrage dynamics sent imports surging...

Goldman Sachs expects oil tanker freight rates to decline steadily over the next two years as fleet growth outpaces demand, easing the...

OPEC has again trimmed its forecast for global oil demand this year and next, once more citing lower-than-expected growth from Asia...

US crude oil inventories posted a second weekly small build in the week ending 6 December, while stockpiles of refined products...

Middle East crude edged higher as Dubai continued to outpace Brent this month, while gasoline cracks continued to push higher...

The US Energy Information Administration (EIA) has lowered its 2025 Brent crude oil price forecast to under $74/b, down from almost...