Europe Oil Market News

Middle East crude markets moved higher Wednesday, breaking out of the recent narrow trading range, while the diesel EFS widened...

Swiss-based trading reported lower earnings for a second year as the decline in the commodities and mining sectors continued to weigh...

Benchmark crude oil futures extended gains on Tuesday amid escalating geopolitical tensions and OPEC+ uncertainty, while the LSGO forward...

Crude oil futures were nudging higher for a second session with investors watching a number of moving parts and conflicting price signals...

The LSGO forward curve reached its steepest backwardation since March 2024 on Tuesday, reflecting increased tightness in the...

Russia's Energy Ministry is seeking to extend gasoline export exemptions for refiners until August, contradicting earlier calls for...

European naphtha markets have rallied significantly over recent weeks, with robust petrochemical demand and improved gasoline...

OPEC+ is considering a further postponement in planned production increases, according to Bloomberg, although Russia said...

Middle East crude nudged higher during Tuesday's session while the naphtha east-west continued to weaken amid strength in the European market...

Transneft warned crude flows through the Caspian Pipeline Consortium (CPC) could fall by as much as 30% for up to two months after a...

Benchmark crude oil futures opened the week higher on Monday as investors braced for pressure on Iran, while LSGO weakened further under...

Crude oil futures opened the week slightly higher against a backdrop of cautious trading as geopolitics and macroeconomics continued to...

The resumption of oil exports from the semi-autonomous Kurdish region of Iraq moved a step closer Monday, after clearing a number of legal...

Portuguese oil company Galp expects refining margins to decline to around $6/b in 2025 as new refining capacity comes online in South...

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...

A Ukrainian drone attack hit a key pumping station on the Caspian Pipeline Consortium (CPC) network overnight, reducing crude flows...

Middle East crude opened the week little changed amid conflicting price indictors, while structure in the naphtha market has firmed to levels...

Investors grew more bullish in the diesel and gasoline futures market during the week to 11 February as winter storms in the US...

Mexico's PMI has raised the so-called K factor used in its formulas to price all its grades sold internationally ...

Benchmark crude oil futures extended losses on Friday as markets braced for escalating global trade tensions and a potential peace deal...