Europe Oil Market News

Shell has restarted production at the UK's offshore Penguins field four years after it was decommissioned...

Equinor has halted production at its Johan Sverdrup oilfield on Tuesday after an unexpected power outage forced operations to be suspended...

Benchmark crude oil futures opened the week lower on Monday after reports that US tariffs imposed over the weekend would be put on ice...

Crude oil futures were in reverse after headline prices surrendered early gains on reports that tariffs imposed over the weekend could be...

Litasco's Neftochim Burgas refinery will begin a three-month turnaround at the end of February

Iraq's parliament has approved legislation that could open the way for a resumption of exports from the semi-autonomous Kurdish region...

Ukrainian drones hit a major Russian oil refinery and a gas-processing plant in the latest escalation of Kyiv's long-range strikes on critical...

Spain's jet fuel consumption hit fresh nine-month lows in December, industry data showed Monday, falling for the fourth consecutive month...

The world's largest independent energy trader, Vitol, has projected that global oil demand will maintain its current levels through 2040...

The OPEC+ Joint Ministerial Monitoring Committee (JMMC) has not recommended any immediate changes to the producer alliance's current...

Rotterdam's bio-blended residual fuel oil sales halved in the fourth quarter as a glut of supply in Asia diverted demand away from Rotterdam...

Gasoline and diesel were leading oil benchmarks higher Monday with US tariffs on Canada and Mexico likely to drive up...

Middle East crude prices opened the month higher, ending a two-week long run of losses, but that failed to put the brakes on the rally in...

Brazilian crude output fell last year, as project delays, offshore maintenance and strikes at several federal agencies slowed...

The average price for Middle East benchmark Dubai in January moved above the $80/b mark for the first time in six months, as prices...

Turkey's crude oil imports pulled back from November's highs in December, dropping 8% on the month and 15% on the year to about...

Saudi Aramco's Jazan refinery is undergoing scheduled maintenance, Middle East Economic Survey (MEES) reported...

Speculative investors sharply reduced their net long positions in crude oil, diesel, and gasoline last week as US President Donald...

A Swiss court has convicted ex-Trafigura chief operating officer Mike Wainwright of bribing an Angolan official, sentencing him to 32...

Phillips 66 warns that some 450,000 bpd of Mexican crude that usually arrives in the US will get redirected to Europe and Asia...