Americas Oil Market News

US oil demand fell marginally lower in August as travel demand cooled from its seasonal summer peak, EIA figures showed Thursday...

Diesel paper curve in Europe has flipped back into a backwardation this week amid a sharp stock draw at the ARA storage hub while the poor...

Middle East crude markets opened the new month higher as the risk premium returned, while jet fuel supply tightness in Asia saw prices...

US crude output rose almost 2% last month to hit a record high of 13.4 million bpd, monthly supply and demand figures from Energy...

Crude oil futures Thursday were climbing higher, as benchmarks extended the price rebound in place since...

Shell enjoyed a much better-than-expected set of Q3 earnings as its booming, outsized LNG business offset lower oil refining returns...

Global demand for air travel hit the highest level on record for September after the peak summer season passed in the northern hemisphere...

Brazil's crude oil exports remained subdued through September as lower output limited availability, with more production likely...

US refiner PBF Energy has responded to criticism from Californian lawmakers that have accused the company and its peers of ripping off...

Repsol is already seeing a recovery in refinery margins after a difficult third quarter, which saw profits halved from the same time last year..

Australian oil producer Karoon Energy said October 2024 production at its recently acquired Who Dat oil and gas development...

OPEC+ is considering a further delay to scheduled planned production increases according to Reuters, while the broader market is split...

Asia commentary and pricing are suspended Thursday due to a Singapore holiday. A normal publishing schedule will resume 1 November...

The US imported a record 4.3 million bpd of Canadian crude in July after the Trans Mountain pipeline completed its expansion...

Crude oil futures Wednesday staged a healthy rebound, as benchmarks found some support from speculation on OPEC+ policy...

US distillates stocks continued to fall last week, weekly EIA data showed Wednesday, reaching their lowest levels of the year as refinery output...

US gasoline inventories fell back to new two-year lows last week as demand topped 9 million bpd again after a volatile few weeks...

US commercial crude oil inventories posted an unexpected draw despite domestic production holding close to record levels...

The US' largest refined products pipeline system, Colonial Pipeline, could be up for sale in a deal that would value the company and its...

US natural gas giant EQT has sold its remaining non-operated natural gas assets in Northeast Pennsylvania to Norway's Equinor...