Europe Oil Market News

19 Feb 2025
A potential ceasefire in Ukraine would unlikely increase Russian oil exports even with easing sanctions, analysts at Goldman Sachs said...
19 Feb 2025
Middle East crude markets moved higher Wednesday, breaking out of the recent narrow trading range, while the diesel EFS widened...
19 Feb 2025
Swiss-based trading reported lower earnings for a second year as the decline in the commodities and mining sectors continued to weigh...
18 Feb 2025
Benchmark crude oil futures extended gains on Tuesday amid escalating geopolitical tensions and OPEC+ uncertainty, while the LSGO forward...
18 Feb 2025
Crude oil futures were nudging higher for a second session with investors watching a number of moving parts and conflicting price signals...
18 Feb 2025
The LSGO forward curve reached its steepest backwardation since March 2024 on Tuesday, reflecting increased tightness in the...
18 Feb 2025
Russia's Energy Ministry is seeking to extend gasoline export exemptions for refiners until August, contradicting earlier calls for...
18 Feb 2025
European naphtha markets have rallied significantly over recent weeks, with robust petrochemical demand and improved gasoline...
18 Feb 2025
OPEC+ is considering a further postponement in planned production increases, according to Bloomberg, although Russia said...
18 Feb 2025
Middle East crude nudged higher during Tuesday's session while the naphtha east-west continued to weaken amid strength in the European market...
18 Feb 2025
Transneft warned crude flows through the Caspian Pipeline Consortium (CPC) could fall by as much as 30% for up to two months after a...
17 Feb 2025
Benchmark crude oil futures opened the week higher on Monday as investors braced for pressure on Iran, while LSGO weakened further under...
17 Feb 2025
Crude oil futures opened the week slightly higher against a backdrop of cautious trading as geopolitics and macroeconomics continued to...
17 Feb 2025
The resumption of oil exports from the semi-autonomous Kurdish region of Iraq moved a step closer Monday, after clearing a number of legal...
17 Feb 2025
Portuguese oil company Galp expects refining margins to decline to around $6/b in 2025 as new refining capacity comes online in South...
17 Feb 2025
Backwardation at the front of the Asian naphtha curve continued to firm at the start of the week, hitting its highest level in 10 months as...
17 Feb 2025
A Ukrainian drone attack hit a key pumping station on the Caspian Pipeline Consortium (CPC) network overnight, reducing crude flows...
17 Feb 2025
Middle East crude opened the week little changed amid conflicting price indictors, while structure in the naphtha market has firmed to levels...
17 Feb 2025
Investors grew more bullish in the diesel and gasoline futures market during the week to 11 February as winter storms in the US...
14 Feb 2025
Mexico's PMI has raised the so-called K factor used in its formulas to price all its grades sold internationally ...
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