Europe Oil Market News

Diesel margins soared to fresh heights in West of Suez markets this week as surging demand compounded supply concerns to tighten market...

Russia has extended gasoline export permits for refiners until 31 August, maintaining exemptions for producers despite earlier discussions...

Middle East crude posted moderate gains to halt a run of four weekly losses, but benchmark Dubai remained locked in a tight range...

Middle East crude markets were little changed heading into the weekend as they consolidated moderate weekly gains, while HSFO...

Italy's fuel consumption in January 2025 decreased by 4.3% year-on-year to 3.8 million mt, primarily due to reduced diesel usage...

Mercuria has signed a deal with Oman to lift 800,000 metric tonnes per annum, starting in April 2025...

Crude oil futures Thursday were firmer, as markets extended the week's solid upwards trend...

Benchmark crude oil futures extended gains on Thursday as attention pivoted toward global supply concerns, while LSGO cracks rebounded...

Italian prosecutors have launched a terrorism investigation into explosions that have struck oil tankers carrying Russian crude, as a series...

Structure at the front of the Singapore HSFO 380 CST paper curve firmed further during Thursday's window as the M1/M2 spread hit its widest...

Spain's Repsol reported a decline in fourth-quarter earnings on Thursday as lower refining margins compounded weakness in middle distillates...

Saudi Arabia's Crown Prince and Russia's President have held talks this week in a call that is likely to have a strong bearing on the next...

Refined oil products inventories stored in the Amsterdam-Rotterdam-Antwerp (ARA) trading and blending hub fell for the third...

Norway's total petroleum resources on the continental shelf increased slightly in 2024, though exploration yielded below-average...

Middle East crude markets were pegged back slightly on Thursday but remained at the higher end of the February trading range...

Norway's crude oil and gas production declined in January, preliminary figures showed Thursday, as extended maintenance at Equinor's...

Benchmark crude oil futures climbed for the third consecutive session on Wednesday as investors braced for disruptions to global supply...

Crude oil futures Wednesday extended the week's firmer tone as supply side concerns came back into focus...

The diesel EFS widened to levels last seen in April during trade on Wednesday as European market strength and closed Transatlantic arbitrage...

Strengthening HSFO cracks in the East of Suez market have drawn increased arbitrage flows from Russia and the Middle East...