Europe Oil Market News

Premiums for flagship crude grades surged to the highest levels in over two years, as the latest round of sanctions sent refiners scrambling...

The Czech Republic has completed upgrades to the Transalpine Pipeline (TAL), Prime Minister Petr Fiala announced on Tuesday, marking the...

Austria's OMV expects a positive impact to its fourth quarter earnings of more than $500 million from the resumption of Libyan...

The volume of ship-to-ship transfers of sanctioned Russian oil near China could spike in the short term if the two countries were to maintain the trade flow in the...

Crude production from OPEC+ was little changed in December with a reduction from the UAE offset by more modest increases elsewhere...

Outright Middle East crude steadied after consolidating early week-gains Tuesday, which helped put a brake on the recent retreat in...

Spanish refineries recorded their lowest production volumes of the year in November, official figures revealed Tuesday, with gasoil...

Bullish bets on WTI crude futures last week hit their highest level since October 2023, delayed commitment of traders' data showed Monday...

US refiner PBF Energy will shut unspecified units from Tuesday at its Torrance refinery in Los Angeles for one week of planned maintenance...

Benchmark crude oil futures opened the week sharply higher as US sanctions on Russia and the prolonged cold snap continued to bolster prices...

Distillate east-west arbs have widened sharply in recent days, with diesel and jet fuel pointing increasingly to Europe as sanctions...

Crude oil futures opened the week higher as the clampdown on sanctioned oil and US cold snap lifted prices to...

EU aviation could see emissions peak in 2049 and as much fossil jet used as in 2023, despite increasing sustainable aviation fuel targets...

US natural gas futures opened the week higher, consolidating the two-week rally but failed to hold earlier gains after another volatile session...

German authorities have secured a Russian-owned Suezmax tanker in the Black Sea carrying nearly 100,000 mt of fuel oil after losing...

Major investment banks estimate the latest US sanctions targeting Russia's energy sector could affect up to 1.7 million bpd of crude...

Middle East crude prices soared more than 5% Monday after the US and its allies launched fresh sanction targeting Russian crude...

Middle East crude opened the week over 5% higher as East of Suez markets were given first chance to react to the fresh round...

Ukraine has launched a drone attack on Russia's TANEKO refinery in Tatarstan, according to local media reports, continuing its campaign...

Bullish sentiment in the crude oil futures market strengthened further last week as funds increased their holdings of long Brent contracts...