Americas Oil Market News

Chevron has completed a major upgrade of its Pasadena, Texas refinery, increasing its capacity to process lighter crudes by nearly 15%...

The International Air Transport Association (IATA) anticipate heightened profitability for the global airlines industry in 2025, the group announced...

Residual fuel exports from Mexico to Asia could jump next month if the incoming US president Donald Trump were to follow through on his...

Middle East crude was little changed for a second session as markets looked for direction, while marine fuel spot prices remained under...

Crude oil futures in European trading hours Tuesday were slightly lower as benchmarks struggled to hold early week gains...

Crude oil futures opened the week higher after further upheaval in the Middle East added another layer of uncertainty for regional politics...

US natural gas futures made a choppy start to the new week as prices initially soared on colder-weather forecasts, before surrendering...

Middle East crude opened the week marginally lower as traders digested the Saudi OSPs, while strong volatility was seen in the products...

North American drilling activity registered a sharp increase during the first week of December after three consecutive falls...

Money managers boosted position on higher crude prices last week ahead of the OPEC+ decision to extend production cuts...

Saudi Aramco has cut the OSP for its flagship Arab Light crude loading in January 2025, reflecting the lower cash cargo premiums...

Crude oil futures Friday were drifting lower, as OPEC's decision to stick with current policy for now was met with a lukewarm reception...

Pressures continued to weigh on diesel this week, with cracks on both sides of the Suez unravelling most of last month's gains as refiners put an...

East of Suez prices were slightly lower Friday with this week's OPEC+ decision seen as only enough to maintain current prices, a move that put...

US oil and gas giant Chevron will slash investment in the Permian Basin to between $4.5 billion and $5 billion in 2025, reducing capital expenditure...

Crude oil futures were were little changed with the OPEC+ decision to delay planned output increases seen as only moderately supportive...

OPEC+ will maintain current production quotas for at least another full quarter, the OPEC secretariat said in a statement...

East of Suez prices were lower Thursday, tracking the Brent retreat after Asia had closed during the previous session, ***...

Deliveries of WTI Midland rebounded in the Platts MOC Dated Brent window rebounded during November, setting North Sea benchmark...

Crude oil futures Wednesday were steady as benchmarks consolidated early week gains on growing expectations that OPEC+