Europe Oil Market News

Brent crude prices are expected to remain range-bound at $70-$80/b this year as rising global supply outpaces demand growth, analysts...

Protests shut two of Libya's main oil ports Tuesday, blocking up to around 400,000 bpd or a third of the country's exports...

The European commercial vehicle market presented a mixed picture in 2024, industry data showed Monday, with robust growth in van and...

Key OPEC ministers have met in Riyadh after President Trump called on the group to pump more oil...

Middle East crude prices retreated for a seventh straight session Tuesady but remained the strongest global benchmark, while jet...

Benchmark crude oil futures opened the week lower as investors deliberated over President Trump's assertive energy policies, while persistent...

US refiner Phillips 66 shut at least two units at its 265,000 bpd Sweeny refinery in Texas on Friday because of a power loss, the company said...

Crude oil futures opened the week lower to extend the price slide that has now wiped over 7% from headline Brent prices....

A large fire appeared to rip through the Khartoum oil refinery at the weekend, Sudan's largest, caught in the middle of bloody...

At least four independent Chinese refineries, known as 'teapots', were reported Monday to have closed crude units after...

Kazakhstan has sent its first crude oil shipment from the Kashagan field through the Caspian Sea to Azerbaijan's port of Baku, state-owned...

The naphtha east-west spread sank to its lowest levels since July during Monday's trading session, with the gap between Asian and European...

Middle East crude prices retreated for a sixth straight session Monday as the run of steady declines continued into the shortened week...

Shell reported a small fire and a spill of up to 30 litres of crude oil at its 404,000 bpd Pernis refinery over the weekend but said it would...

Goldman Sachs has increased its 2025 gasoline margin forecasts for key refining hubs while adopting a more bearish stance on diesel...

Freight rates for very large crude carriers (VLCCs) on key Middle East-Asia routes have surged this month on robust crude buying by...

Diesel and crude oil futures market extended rallies during the week ending 21 January as traders continued to price in the shockwaves from...

Benchmark crude oil futures extended losses Friday to post the first weekly decline of the year, while LSGO cracks rebounded on returning supply...

Crude oil futures were nudging higher Friday although benchmarks were heading for the first weekly decline in a month...

Middle East benchmark Dubai crude rowed back from recent six-month highs following a sequence of steady declines...