Europe Oil Market News

Adnoc will not be returning to the Red Sea anytime soon, with the key shipping route still seen as a risk, according to a senior...

Naphtha and gasoline showed signs of a recovery this week as cracks and spreads rebounded as seasonal restocking slowed...

HSFO cracks continued to firm to fresh multi-year highs this week in Singapore as the trade continues to work through the implications...

Diesel fell under pressure on both sides of the Suez this week, with cracks unravelling most of the gains made at the start of the month as...

Middle East crude prices retreated for a fifth straight session Friday as gradual declines saw Dubai drop 3% over the week, while...

Tight US supply has started pulling diesel from Europe for the first time in about a year, with freezing temperatures in the US Gulf...

An unplanned outage has forced a crude unit offline at Germany's largest refinery, the 310,000 bpd MiRO plant in Karlsruhe...

A Ukrainian drone strike late Thursday targeted Rosneft's Ryazan refinery, 180km southeast of Moscow, triggering fires and a wave of...

The global shipping industry faces stranded asset risks worth $400 billion as vessels and new orders are set to emit double the carbon permitted...

Benchmark crude oil futures remained in retreat Thursday as markets braced for increased US oil supply under Trump, while LSGO extended...

US diesel stocks fell last week as demand picked up in the days before an arctic blast covered much of the country...

The pace of gasoline restocking slowed last week, but still hit a fresh ten-month high, as seasonal demand slumped ahead of a winter...

Supplies of natural gas to Freeport LNG's Texas export plant in were seen returning Thursday, having been knocked offline...

European air travel is forecast to recover fully to pre-pandemic levels this year, according to a report published Thursday by Eurocontrol...

Italian oil product demand recorded solid growth in 2024, with deliveries of gasoline, diesel and jet fuel all higher.

LyondellBasell will begin the planned permanent closure of its 264,000 bpd Houston refinery over the coming week, the company confirmed Thursday.

Gasoline inventories continued to rise in the ARA region last week, figures showed Thursday, though draws across the rest of the barrel...

Crude oil futures were slightly lower on Thursday as markets steadied at a support level following a week-long retreat that wiped out more than...

ANZ anticipates a challenging year ahead for global natural gas markets in 2025, projecting sustained upward pressure on prices as escalating...

Middle East crude prices eased for a fourth straight session Thursday although they showed signs of stabilising, while the selloff...