Europe Oil Market News

Benchmark crude oil futures surged on Friday as investors braced for an increasingly hostile global trade environment following fresh US...

A Panama-flagged tanker carrying 99,000 mt of Russian fuel oil is adrift in the Baltic Sea near Germany's Rügen island after losing power...

Residual fuel prices continued their upward trajectory this week, buoyed by robust crude benchmarks that were not enough to make...

Diesel struggled to keep pace with crude on both sides of the Suez this week as US inventory data painted a decisively bearish picture but...

Crude prices surged on Friday after the US Treasury unveiled sweeping sanctions targeting Russia's oil sector, escalating efforts to...

Crude oil futures Friday were sharply higher as markets consolidated a third week of positive returns amid tighter sanctions on...

Middle East benchmark Dubai crude soared to fresh three-month highs as buyers in Asia scrambled to cover potential shortfalls...

UK gas reserves are 26% below year-ago levels after a severe cold snap drove demand higher and supply routes tightened, Centrica said Friday...

Gasoline margins came under pressure during the first full trading week of the new year as a well-supplied Atlantic basin forced refiners to dump...

Middle East crude markets raced to three-month peaks as the early-2025 price rally continued, while gasoil hit fresh five-month highs...

Crude oil futures rebounded from earlier lows on reports that the outgoing Biden administration was set to introduce a fresh round of sanctions...

US natural gas futures Wednesday extended the firmer midweek trend as southern states were hit by a second winter blast...

Benchmark crude oil futures rebounded Thursday as the cold snap tightened its grip on the Northern Hemisphere, helping LSGO to reach...

Average diesel sales at UK forecourts fell 13% in December to 220,641 litres, marking a sharp monthly decline and a 10% drop from...

Refined oil product inventories held in the ARA region edged higher last week, data showed Thursday, driven by a sharp build in gasoline...

Middle East shipping risks are likely to surge under a potential second Trump presidency, consultancy Ambrey said in a report...

Shell will take a $400 million hit on one of its major offshore ventures in Namibia after the project was deemed commercially unviable...

Global air cargo demand stabilised in November, offering a tentative sign of recovery in a market still grappling with weaker trade flows...

Middle East crude prices rowed back Thursday, catching up with the Brent retreat after Asia had closed in the previous session, while...

Norwegian gas production surged to a record high last year, underscoring the country's critical role in bolstering European energy security amid...