Americas Oil Market News

Crude oil futures Wednesday were hovering just above one-week lows following a US-brokered ceasefire between Israel and Hezbollah...

US gasoline recorded its steepest weekly build in more than four months last week as seasonal restocking accelerates...

US distillates stocks nudged higher last week as rising refinery output eclipsed a modest decline in deliveries, latest weekly EIA data showed...

US commercial crude oil inventories drew by 1.844 million barrels during the latest reporting cycle, the largest decline in six weeks...

Chevron has criticized California lawmakers for passing a controversial bill that forces refiners to hold more inventories, saying it will only...

OPEC+ is considering a further delay in planned production increases, according to the latest media briefings ahead of...

Middle East crude prices eased slightly Wednesday after the Israel-Hezbollah ceasefire deal, while gasoline margins continued to firm to hit...

Jet fuel prices may face a sharp upward trajectory in 2025 as supply constraints collide with rebounding demand, according to freight...

US crude oil inventories posted a larger-than-expected draw the week ending 22 November, while stockpiles of refined products were higher...

Brazil's diesel production reached 912,167 bpd in October, the highest level since 2015, even as crude processing slipped to 1.994 million...

Citi has reaffirmed its bearish $60/b Brent forecast for 2025, citing a looming supply surplus and weak demand as persistent challenges...

Mexico's Pemex extinguished a fire at Pemex's Salina Cruz refinery Tuesday, with authorities reporting no damage or injuries...

Crude oil futures steadied at the week's lower levels, after the proposed ceasefire between Israel and Hezbollah...

Mexico's state-owned Pemex saw crude oil production fall to its lowest level in over five years, with refinery output slumping to new...

The UEIA sees the European natural gas balance this winter vulnerable to a extended cold snap, with limited additions to US LNG supplies...

Alaska North Slope crude oil production in October hit a six-month high and rose above the year-to-date average...

Middle East crude prices retreated Tuesday on hopes that the expected Israel-Hezbollah treaty would lead to a broader settlement, ***...

The Pluto LNG facility in offshore Australia remained offline Tuesday following an emergency shutdown on Monday, according to...

Goldman Sachs has flagged a turbulent year ahead for the oil market in 2025, with downside risks outweighing short-term upside potential...

US President-elect Donald Trump has vowed to impose 25% tariffs on all imports from Canada and Mexico, escalating tensions in North...