Europe Oil Market News

Oil production from the 12 core OPEC members eased for a second month in January as reductions from Nigeria and Iran offset...

Benchmark crude oil futures were in retreat on Wednesday as investors braced for escalating global trade tensions, while LSGO futures...

TotalEnergies' CEO Patrick Pouyanne ruled out any investment in the UK's North Sea because of the legal problems...

Crude oil futures Wednesday were in retreat on broader demand concerns, but markets remain volatile amid mixed pricing signals...

South Africa's Sasol warned investors Wednesday to expect a sharp drop in earnings, with repairs to its Natref refinery expected...

Lukoil's 300,000 bpd Volgograd refinery shut down on 3 February following a drone attack that damaged a key distillation unit and...

Middle East crude prices rebounded after the US threatened a clampdown on Iranian exports, while structure in the naphtha curve has firmed...

Equinor expects European natural gas markets to remain tight over the years ahead as escalating geopolitical tensions intensify global...

Refined oil product deliveries into the Spanish market from Exolum terminals sunk to the lowest in nine months in December, latest figures...

Norway's Equinor has resumed output at Europe's largest oil field, Johan Sverdrup, after it was knocked offline Tuesday by a power outage

A Ukrainian drone strike overnight hit oil storage tanks at the Albashneft refinery in Russia's southern Krasnodar region, igniting a...

Benchmark crude oil futures rebounded Tuesday as markets braced for restored US pressure on Iran and escalating global trade tensions...

Fuel oil barge trades surged in Tuesday's cash session with liquidity tripling on the day, as traders scrambled for volumes in the wake...

Crude oil futures rebounded on reports that Donald Trump was expected to target Iran with new legislation, lifting benchmarks off...

US President Trump is expected to sign an executive order Tuesday tightening sanctions on Iran, sending oil prices sharply higher on the day.

European natural gas futures eased back slightly from recent 15-month highs, but the onset of colder weather and a sustained cold...

Shipments of marine fuel to Singapore fell sharply in January, as narrowing price spreads between Europe and Asia reduced arbitrage...

Austria's OMV warned investors it was unlikely to see a recovery in refinery margins this year as it struggles to compete in an overcrowded...

Crude oil output in the Canadian province of Alberta reached an all-time high of 4.26 million bpd in December...

Middle East crude prices resumed their downward trend Tuesday as global markets retreated after US tariffs were paused, while the...