Europe Oil Market News

An incident at the Kårstø gas plant in Norway has suspended power supply to several oil platforms in the North Sea, including Equinor's Sverdrup...

Norwegian oil and gas producer Vaar Energi has raised its production guidance for 2025, forecasting output to exceed 400,000 barrels of...

ExxonMobil's French subsidiary Esso is restarting a unit at its 220,000 bpd Gravenchon refinery after a technical incident...

Ukraine's military have claimed it struck the Saratov oil refinery in a drone attack overnight, setting it on fire...

Crude production from OPEC+ was marginally lower in January as the producer group makes renewed efforts to keep on top of compliance...

Natural gas production facilities have been damaged in Ukraine's central Poltava region following an overnight Russian missile attack...

Goldman Sachs on Tuesday raised its 2025 forecast for TTF natural gas futures by a quarter, with Europe needing to price higher...

Middle East crude prices were higher for a third session Tuesday, while HSFO cracks continued to firm to a fresh premium against Brent prices....

BP on Tuesday promised a major overhaul of its strategy as the struggling UK major reported its worst quarterly results since the pandemic...

Diesel is increasingly attractive as a source of European power generation with natural gas futures hitting $100/boe Monday...

Benchmark crude oil futures opened the week sharply higher as investors sought to capitalise on the recent sell-off, while rising natural gas prices...

US natural gas futures were consolidating recent gains in the early part of the week with the continent facing two more winter storms...

European natural gas futures surged to fresh highs Monday as colder temperatures and declining stocks extended the...

Crude oil futures opened the week higher, underpinned by soaring natural gas prices in Europe, although tariffs and sanctions...

The Ukrainian military said Monday it hit the Afipsky oil refinery in southern Russia in an overnight drone attack...

European natural gas prices could fall by as much as 50% if peace is restored between Russia and Ukraine, Goldman Sachs analysts published...

Middle East crude prices continued to edge up from one-month lows Monday, while gasoline paper cracks firmed to their highest...

Activist investor Elliott Investment Management has built a stake in BP, a move that could set off a battle over the British energy giant's...

An explosion damaged the engine room of the oil tanker Koala at Russia's Ust-Luga port on 9 February, according to local media...

Risk-off sentiment spread across global markets as investors reduced exposure to crude oil futures after the US imposed 10% tariffs on...