Europe Energy Market News

Crude oil futures were higher on Friday and were on course to end the week flat as a quick end to war in Ukraine remained elusive, stemming...

A Ukrainian drone strike set fire to a gasoline storage tank at Russia's Tuapse refinery overnight on 14 March, according to Krasnodar...

Benchmark crude oil futures drifted lower on Thursday as oversupply concerns intensified amid weakening demand and heightening trade...

Oil futures were drifting lower Thursday after the midweek rebound stalled as traders turned to broader economic and geopolitical drivers...

Russian leader Vladimir Putin said Thursday that Russia is open to ending hostilities with Ukraine, but that any ceasefire...

Refined oil product inventories stored in the Amsterdam-Rotterdam-Antwerp (ARA) trading and blending hub fell to the lowest levels since...

Nigeria's crude oil output last month eased from January's five-year high, but was still sharply higher on the year at 1.47 million bpd...

The International Energy Agency (IEA) projects a global oil surplus of up to 600,000 bpd in 2025, even as demand grows by more than 1 million...

The prospect of $50/b floated by US Energy Secretary has been met with little enthusiasm at the CERAWeeek in Houston...

Energy major BP said Thursday it expects direct and indirect emissions from its operations will balloon by a third in 2025...

Middle East crude prices climbed higher Thursday playing catch-up with Brent, while in the products market distillate margins continued to slide...

A fire on a tanker carrying jet fuel involved in a collision in the North Sea has been extinguished, and while the salvage...

Benchmark crude oil futures were sharply higher on Wednesday on strengthening global oil demand prospects, while LSGO cracks slid on promising...

French oil demand was seen higher in February, boosted by higher consumption of jet fuel, diesel and another big month for gasoline...

A feasibility study carried out by EY for the UK government has pegged the potential costs of converting...

European air travel increased by 6% year-on-year last week, recording an average of 26,476 daily flights, according to data published Wednesday...

Brent crude oil futures moved comfortably back above the $70/b level Wednesday as the market waited on the outcome of discussions...

US gasoline stocks slumped last last week as domestic demand climbed above the 9 million bpd mark for the first time this year

OPEC has maintained its outlook for global oil demand growth in 2025 at 1.45 million bpd, although conceded that a tariff-led trade war...

Russia's crude oil exports have risen sharply over the past month, indicating that the rollout of fresh sanctions has had little impact...