Americas Oil Market News

Middle East benchmark Dubai retreated in February, sinking back below the key $80/b level ahead of first major OPEC+ decision of the year...

The new front-line Dubai crude contract opened the month at fresh 2025 lows, while middle distillate cracks were looking weaker...

Brazil's crude oil exports hit a two-year high in January, doubling on the month to hit the equivalent of 2.4 million bpd, according...

Speculators continued to roll back their bullish positions in the crude oil futures market last week amid rising optimism about a truce for...

US drilling activity increased for a fifth consecutive week, the longest winning streak since May 2022, according to the latest report...

Venezuela was among the top five suppliers of crude oil to US refineries last year, most of which was...

Annual crude oil production set a record in 2024, averaging at 13.22 million bpd, after holding above the 13-million-bpd mark for most of...

Crude oil futures Friday were trending lower with the threat of a tariffs-led global trade war dampening sentiment...

Crude throughput on the Shell-operated Mars Oil Pipeline Company system recovers in December to a ...

Diesel margins fell under pressure in the West of Suez market this week as swelling inventories in the US and warming temperatures helped to...

Dubai crude posted a strong finish on the final session of February, while marine fuel cracks held at eight-month lows....

Mexico's Pemex hopes to restart production at nearly half its offshore rigs by the second half of the year

The Canadian province of British Columbia is doubling its target for biofuel blending in diesel and excluding all imported fuels, in a move...

Weekly US natural gas stocks plunged to the lowest level in nearly three years, sinking below the...

Saskatchewan's premier will consider permits sought for pipe projects through the Canadian province...

Eni kept output steady in the fourth quarter, but refining and LNG earnings took a hit as weaker margins eroded profitability...

Brazil's Petrobras has slashed the amount of money paid out to investors after it swung to a surprise loss in the fourth quarter...

President Donald Trump plans to up the tariff rate on Chinese goods entering the US to 20% from next...

Washington has granted a 30-day suspension of sanctions on Serbian oil company NIS, President Aleksandar Vucic said Thursday...

A project underway in the Port of Vancouver could enable the Trans Mountain System to get closer to its target...