Europe Oil Market News

4 Feb 2025
Crude oil output from core OPEC members eased by around 70,000 bpd in January after a further decline in Iraq offset modest gains in...
4 Feb 2025
Shell has restarted production at the UK's offshore Penguins field four years after it was decommissioned...
4 Feb 2025
Equinor has halted production at its Johan Sverdrup oilfield on Tuesday after an unexpected power outage forced operations to be suspended...
3 Feb 2025
Benchmark crude oil futures opened the week lower on Monday after reports that US tariffs imposed over the weekend would be put on ice...
3 Feb 2025
Crude oil futures were in reverse after headline prices surrendered early gains on reports that tariffs imposed over the weekend could be...
3 Feb 2025
Litasco's Neftochim Burgas refinery will begin a three-month turnaround at the end of February
3 Feb 2025
Iraq's parliament has approved legislation that could open the way for a resumption of exports from the semi-autonomous Kurdish region...
3 Feb 2025
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...
3 Feb 2025
Spain's jet fuel consumption hit fresh nine-month lows in December, industry data showed Monday, falling for the fourth consecutive month...
3 Feb 2025
The world's largest independent energy trader, Vitol, has projected that global oil demand will maintain its current levels through 2040...
3 Feb 2025
The OPEC+ Joint Ministerial Monitoring Committee (JMMC) has not recommended any immediate changes to the producer alliance's current...
3 Feb 2025
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...
3 Feb 2025
Gasoline and diesel were leading oil benchmarks higher Monday with US tariffs on Canada and Mexico likely to drive up...
3 Feb 2025
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...
3 Feb 2025
Brazilian crude output fell last year, as project delays, offshore maintenance and strikes at several federal agencies slowed...
3 Feb 2025
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...
3 Feb 2025
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...
3 Feb 2025
Saudi Aramco's Jazan refinery is undergoing scheduled maintenance, Middle East Economic Survey (MEES) reported...
3 Feb 2025
Speculative investors sharply reduced their net long positions in crude oil, diesel, and gasoline last week as US President Donald...
3 Feb 2025
A Swiss court has convicted ex-Trafigura chief operating officer Mike Wainwright of bribing an Angolan official, sentencing him to 32...
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