Europe Oil Market News

Flight traffic between Europe and Asia Pacific surged 21% over the year in 2024, industry data from Eurocontrol showed Tuesday, even as...

Nigeria's NNPC has begun talks with the Dangote refinery to extend its naira-based crude supply contract...

Middle East crude rowed back Tuesday to leave prices just above multi-year lows, while gasoil cracks continued to slide as peak winter...

One crew member remains missing around 24 hours after a collision between two ships in the North Sea, which sparked a massive fire...

Crude prices are likely to move in the $60-$80/b range during 2025 with prices moderated by global trade concerns and slower growth...

Of the $400 billion in total oil and gas investments this year, some $360 billion is going towards offsetting...

Benchmark crude oil futures opened the week lower as markets continued to weigh the implications of Washington's hawkish trade...

Crude oil futures staged another volatile session Monday with Brent slipping back below the $70/b mark...

The US military has confirmed an oil tanker struck in the North Sea on Monday, catching fire and spilling jet fuel into the ocean, was on...

US natural gas futures continued to challenge post-2022 highs as the run of cold snaps and depleted stocks was accentuated by the threat...

Activist hedge fund Elliott Management has taken a short position in French oil and gas major TotalEnergies, according to a regulatory filing...

The diesel EFS narrowed to its narrowest level in two months Monday amid hopes Red Sea tensions would ease and weakening European demand...

Officials in Iraq are targeting a March restart of crude exports via the troubled Kirkuk-Ceyhan pipeline, although complications could still...

An oil tanker struck a cargo vessel in the North Sea on Monday, setting off a large fire on both ships and sparking a major rescue operation.

Yemen's Houthis have warned they will resume attacks on vessels travelling through the Red Sea if a ceasefire in Gaza falls through...

Middle East crude prices continued to pull away from recent multi-year lows although trading activity remains cautious, while there...

US President Donald Trump said he is "strongly considering" imposing broad sanctions and tariffs on Russia, escalating pressure on Moscow...

Crude production from OPEC+ was sharply higher in Feb. as the producer alliance overshot its collective output ceiling for the first time in...

A Ukrainian drone attack on Sunday damaged a storage tank at Russia's Kinef oil refinery at Kirishi in the Leningrad region, marking the...

Russian special forces crawled nearly 15 km through a gas pipeline near Sudzha in a bid to strike Ukrainian forces from behind...