Americas Oil Market News

Mexico's Pemex has been forced to shut at least two secondary units at its Salina Cruz refinery after a fire killed two workers over the weekend...

Iraq's State Oil Marketing Organization (SOMO) has reduced Official Selling Prices (OSP) on its key export grade for Asia in October...

US producers were evacuating employees from drilling rigs in the Gulf of Mexico Monday with Storm Francine threatening up to 2 million...

Crude oil futures Monday were edging higher with benchmarks rebounding from yearly lows as traders eyed the latest storm threatening the US Gulf coast...

Naphtha has continued to outpace the rest of the barrel, with cracks at fresh multi-month highs in both Asia and Europe...

North American drilling activity eased for a fourth consecutive week to register the lowest total since late June...

Middle East crude opened the week lower as markets caught up with the Brent retreat after Asian markets had closed Monday, a move...

Global airline capacity is expected to reach 505.5 million seats in September, representing a 5.2% increase on the year of around 25 million seats...

The American Petroleum Institute (API) has warned that the decision by a US court to overturn environmental legislation...

A potential hurricane has formed in the Gulf of Mexico and is making its way toward the Texas and Louisiana coasts, with authorities...

Crude oil futures Friday tumbled to fresh yearly lows after investors largely shrugged off the OPEC+ decision to defer...

Teamsters Local 283 could extend Detroit strikes to other Marathon refineries as negotiations reach a stalemate between the two parties...

The rally in marine fuel persisted last week amid wider market volatility, with tight supply of blendstock in Singapore driving Asian...

Concerns over global fuel demand this week eclipsed bullish signals such as upcoming European refinery maintenance...

Middle East crude prices were little changed as markets steadied in the second half of the week, while the selloff in gasoline margins and flat...

Colombia has started shutting production at oil fields blocked by protests, its state-owned oil company Ecopetrol said late Thursday...

US inventories of middle distillates pulled back to their lowest since June last week as industrial activity started its seasonal pick up, with...

US commercial crude oil inventories extended the summer trend of lower stockpiles, posting a ninth draw in the last 10 weeks...

Crude oil futures were Thursday were cautiously higher on reports that OPEC+ was set to delay planned increases, having tested 16-month lows...

US gasoline inventories bounced back from 2024 lows last week as demand stalled at the end of the summer driving season...