Americas Oil Market News

North American drilling activity eased slightly for a second week with oil leading the losses...

Middle East crude closed out the final trading day of the quarter slightly higher, but still booked monthly losses of over 6%, while the product side saw...

Operators in the Gulf of Mexico have resorted almost all of the oil and gas production that was taken offline as a precaution...

The speculative positioning on US gasoline futures appeared to have tilted more towards the bullish side last week amid a cocktail of supply concerns, including seasonal maintenance...

UN talks on decarbonising the shipping sector made progress on some key strands this week, but uncertainty remains on the extent proposals will ever be legally binding...

Mexico's refined oil product demand retreated from July's two-year highs in August, latest monthly figures from Pemex showed this week...

US natural gas prices consolidated at three-month highs following a second round of offshore production losses this month

Crude oil futures in Friday were drifting sideways as traders waited on further confirmation that OPEC kingpin Saudi Arabia and its allies...

asoline gave back most of its short-lived gains this week as Europe shifted to lower-spec winter grades, while another hurricane

Chinese buying of marine fuel kept Asian prices elevated this week and the arb is pulling Europe along with it, while tight HSFO availability...

Asian oil markets edged up Friday after the previous session's slump, with gasoil backwardation firming to levels not seen...

The paper curve backwardation for low sulfur diesel in Europe has gotten steeper this week as the autumn refinery maintenance season kicked in...

Citgo was restarting its 177,000 bpd Lemont refinery in Illinois on Friday after a power outage...

Operators in the Gulf of Mexico have started to restore some oil production after Hurricane Helene took the more easterly route...

Crude oil futures were sharply lower following a report that Saudi Arabia was set to sideline its alleged $100/b price target...

OPEC+ is likely to go ahead with planned production increases from December, according to a Reuters report...

Operators in the Gulf of Mexico have extended precautionary rig evacuations and production shutdowns as Hurricane Helene intensifies...

Asian oil markets tumbled Thursday following a UK newspaper report that Saudi was set to ramp up crude production for 2025, a move that...

US crude production hit a new record high of 13.325 million bpd last month, according to the latest EIA data...

Saudi Arabia is set to start increasing oil output from December after sidelining its nominal price target, according to a report in...