Americas Oil Market News

21 Oct 2024
North American drilling activity was marginally larger as the rig count dipped for a fourth week in the last five...
21 Oct 2024
Middle East crude opened the week slightly lower as markets caught up following the Brent retreat after Asia had closed on Friday, while East...
21 Oct 2024
Speculative net length of US gasoline futures spiked in  the week to 15 October amid tighter fundamentals underpinned by supply...
18 Oct 2024
Crude oil futures Friday were slightly lower and heading for steep weekly losses after an erosion in the geopolitical risk premium...
18 Oct 2024
French oil major TotalEnergies has decided to sell its Brazilian fuel distribution activities in Brazil to local firm SIM Distribuidora...
18 Oct 2024
High sulfur fuel oil fundamentals still looked tight throughout this week on the back of disrupted supply in Europe and a hangover in Asia...
18 Oct 2024
Distillates traced crude lower this week as softening appetite across Europe's largest industrial sectors coincided with stagnant manufacturing....
18 Oct 2024
North Dakota's oil output inched higher in August, before wildfires crimped output in the US state...
18 Oct 2024
East of Suez crude prices were little changed Friday but still heading for steep weekly losses, while gasoil differentials continued to grow...
18 Oct 2024
A UK climate law group has complaint against the world's biggest asset manager for allegedly misleading investors with its sustainability claims..
17 Oct 2024
US commercial crude oil inventories posted an unexpected draw as output surged to record levels while refinery utilisation rates...
17 Oct 2024
Crude oil futures Thursday were tracking sideways for a second session as investors looked for fresh direction...
17 Oct 2024
Brazilian state-controlled oil giant Petrobras has publicly pledged to increase its support for carbon markets, albeit linking its credit appetite to....
17 Oct 2024
US distillate stocks fell last week as back-up power generation demand surged in the days after Hurricane Milton...
17 Oct 2024
Phillips 66 has been ordered to pay $604.9 million in damages to Propel Fuels after a Californian jury decided Phillips 66 was guilty of stealing...
17 Oct 2024
US crude oil inventories posted a unexpected draw the week ending 12 October, while product stockpiles also retreated...
17 Oct 2024
East of Suez crude oil prices steadied Thursday and posted the first gain in a week, while middle distillate cash differentials were seen...
16 Oct 2024
Crude oil futures steadied after two sessions of sharp losses, as a large part of the geopolitical risk premium...
16 Oct 2024
Global jet fuel consumption will grow 45% by 2040 as emerging market demand for air travel continues to rise even as alternative...
16 Oct 2024
Middle East crude further extended early week losses Wednesday although markets looked to be finding some support, but prices for naphtha in...
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