Americas Oil Market News

Middle East crude prices were marginally lower Friday as benchmarks posted slim weekly gains of under 0.5%, while refined product cracks...

Emergency services were called to inspect reports of a leak of benzene gas at Cenovus Energy's Lima refinery on Thursday...

Operators in the Gulf of Mexico increased precautionary shutdowns as Hurricane Rafael moved in on Thursday, halting over a...

Crude oil futures Thursday were nudging higher, as benchmarks continued to claw back the initial losses following Donald Trump's election victory...

Operators in the Gulf of Mexico have started precautionary evacuations of rigs and production shutdowns as Hurricane Rafael...

Middle East crude prices edged higher Thursday, regaining the previous day's losses, while the products market saw the recent recovery...

Crude oil futures were moving sideways Wednesday as the market digested news of a Donald Trump win in US Presidential...

US crude oil inventories hit a three-month high last week as a build in commercial crude stocks outstripped analyst expectations slightly...

US gasoline stocks rebounded from two-year lows last week as implied demand fell back below the 9 million bpd mark...

US distillate stocks climbed to a fresh four-week high last week, latest EIA figures showed Wednesday, as demand slumped to its lowest...

European gasoline cracks are testing fresh 2024 lows this week as the seasonal slump in travel demand gathers pace...

Middle East crude prices retreated Wednesday as benchmarks surrendered early-week gains, while gasoline cash diffs flipped back into a...

Hurricane Rafael is expected to slam into Cuba later Wednesday before re-emerging in the Gulf of Mexico as a powerful storm...

US crude oil inventories posted a larger-than-expected build the week ending 1 November, while stockpiles of refined products...

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

Crude oil futures Tuesday were higher as benchmarks initially consolidated and then extended the early-week gains...

US refiner Marathon Petroleum expects margins to recover next year and beyond as it reported a slump...

US crude exports fell to their lowest level of the year in September, official data showed Tuesday, as hurricanes across the US Gulf Coast severed...

As the market braces itself ahead of the US Presidential Election outcome, investors are speculating over the likely implications of...

Goldman Sachs is expecting refinery margins to recover before the end of the year after a difficult third quarter...