Americas Oil Market News

Asian crude markets finally broke the losing streak Thursday, as global prices rebounded on supply disruptions in the US Gulf and...

The International Energy Agency (IEA) has cut its estimates for global oil demand growth in 2024, the agency said in its monthly oil market...

US refiner PBF reported a malfunction at its 160,000 bpd Torrance refinery Thursday, with the California plant flaring since the weekend...

BP will start a major overhaul at its Whiting refinery at the end of September, reducing runs by more than half at the 440,000 bpd Illinois plant...

Operators in the Gulf of Mexico have shut over 40% of oil and gas production, after Hurricane Francine passed over offshore facilities...

Crude oil prices rebounded strongly Wednesday as concerns over the impact of Hurricane Francine offset the build...

US commercial crude oil inventories posted gains for only the second weekly build in 11 weeks...

US inventories of middle distillates climbed to their highest levels in four weeks as robust refinery output was met with underwhelming...

US gasoline inventories climbed for the second straight week as implied demand slumped to its lowest since April...

Asian crude markets were lower for a sixth session as Dubai again played catchup with late Brent in the previous session, a move that...

Oil drillers along the US Gulf Coast placed operations on ice Wednesday, continuing to evacuate employees from drilling rigs and...

Operators in the Gulf of Mexico have shut in around a quarter of oil and gas production as Hurricane Francine makes its way toward...

US crude oil inventories posted a steeper-than-expected draw for the week ending 6 September, while stockpiles of gasoline...

The EIA has slashed its global oil demand forecast for both 2024 and 2025 on weaker-than-expected Chinese and European data but remained...

Crude oil futures in European morning hours Tuesday were slightly lower as benchmarks struggled to build on early week gains...

OPEC made further downward revisions to their forecast for global oil demand growth in 2024 on Tuesday, marking the cartel's second...

Oil markets have become increasingly desensitised to geopolitical events with sluggish demand growth and low refining margins...

US natural gas futures steadied Tuesday after Monday's retreat, as speculators weighed the effects of Storm Francine on LNG demand...

Middle East crude markets were again under pressure Tuesday as Dubai posted fresh 2024 lows, but HSFO backwardation steepened amid...

OPEC and its allies trimmed back production in September as field maintenance in Kazakhstan and political upheaval in Libya...