Americas Oil Market News
28 Nov 2024
OPEC+ has delayed this weekend's planned meeting until 5 December, with the official communique citing a scheduling conflict...
27 Nov 2024
Crude oil futures Wednesday were hovering just above one-week lows following a US-brokered ceasefire between Israel and Hezbollah...
27 Nov 2024
US gasoline recorded its steepest weekly build in more than four months last week as seasonal restocking accelerates...
27 Nov 2024
US distillates stocks nudged higher last week as rising refinery output eclipsed a modest decline in deliveries, latest weekly EIA data showed...
27 Nov 2024
US commercial crude oil inventories drew by 1.844 million barrels during the latest reporting cycle, the largest decline in six weeks...
27 Nov 2024
Chevron has criticized California lawmakers for passing a controversial bill that forces refiners to hold more inventories, saying it will only...
27 Nov 2024
OPEC+ is considering a further delay in planned production increases, according to the latest media briefings ahead of...
27 Nov 2024
Middle East crude prices eased slightly Wednesday after the Israel-Hezbollah ceasefire deal, while gasoline margins continued to firm to hit...
27 Nov 2024
Jet fuel prices may face a sharp upward trajectory in 2025 as supply constraints collide with rebounding demand, according to freight...
27 Nov 2024
US crude oil inventories posted a larger-than-expected draw the week ending 22 November, while stockpiles of refined products were higher...
27 Nov 2024
Brazil's diesel production reached 912,167 bpd in October, the highest level since 2015, even as crude processing slipped to 1.994 million...
27 Nov 2024
Citi has reaffirmed its bearish $60/b Brent forecast for 2025, citing a looming supply surplus and weak demand as persistent challenges...
26 Nov 2024
Mexico's Pemex extinguished a fire at Pemex's Salina Cruz refinery Tuesday, with authorities reporting no damage or injuries...
26 Nov 2024
Crude oil futures steadied at the week's lower levels, after the proposed ceasefire between Israel and Hezbollah...
26 Nov 2024
Mexico's state-owned Pemex saw crude oil production fall to its lowest level in over five years, with refinery output slumping to new...
26 Nov 2024
The UEIA sees the European natural gas balance this winter vulnerable to a extended cold snap, with limited additions to US LNG supplies...
26 Nov 2024
Alaska North Slope crude oil production in October hit a six-month high and rose above the year-to-date average...
26 Nov 2024
Middle East crude prices retreated Tuesday on hopes that the expected Israel-Hezbollah treaty would lead to a broader settlement, ***...
26 Nov 2024
The Pluto LNG facility in offshore Australia remained offline Tuesday following an emergency shutdown on Monday, according to...
26 Nov 2024
Goldman Sachs has flagged a turbulent year ahead for the oil market in 2025, with downside risks outweighing short-term upside potential...