Europe Oil Market News

Canada's Suncor is restarting its 85,000 bpd Sarnia refinery after a unit malfunction last week...

European states are tightening enforcement of sanctions on Russia's shadow fleet by demanding stricter proof of insurance, targeting...

Ukraine is prepared to facilitate gas transit to Europe from non-Russian sources once its existing agreement with Russia expires, Prime...

Crude oil futures Monday were slightly lower as sluggish sales data from China derailed the previous week's upward momentum...

Crude eased Monday as mixed Chinese data weighed on the outlook, while European product prices also inched lower...

Gasoil cracks in Asia have rebounded strongly in the past two weeks underpinned by a weaker outflow from China as refiners in the country...

BP is expected to restart a crude unit at its 400,000 bpd Rotterdam refinery in the coming days after an unplanned outage just over a week ago...

Bad weather has disrupted power supply to Norway's giant Nyhamna gas processing plant, reducing its capacity by around 40%...

UK energy group INEOS has agreed to buy CNOOC's oil and gas assets in the US Gulf of Mexico, the two companies announced over the weekend...

Middle East crude opened the week higher with markets catching up following the Brent gains after Asia had closed on Friday, putting a...

Global investors last week placed more bets on diesel prices falling as slim arbitrage margins throttled exports from the US and Asia while...

Nigerian authorities have confirmed an oil spill at Shell's Bonny export terminal over the weekend...

Two Russian tankers broke apart in a violent Black Sea storm on 15 December, spilling thousands of tonnes of fuel oil near the Kerch Strait...

Libya's National Oil Corp. (NOC) declared force majeure at its Zawiya refinery on Sunday after armed clashes damaged storage tanks...

Brent crude futures were higher Friday with US-led sanctions back in focus, to help mark its first weekly gain in three...

Crude oil futures were climbing higher Friday to consolidate the week's moderate gains, underpinned by hopes of a boost from China...

Marine fuel prices continued to come off in Singapore last week amid a persistent supply overhang, a move that has weighed on...

Navigation on the Moselle River may soon resume after German authorities announced plans to test a temporary lock system this weekend...

Trafigura Group posted a significant 62% drop in net profit for its 2024 financial year, recording $2.8 billion, as the company absorbed...

Middle East benchmark Dubai crude ended the week firmer, underpinned by promises of further stimulus measures to boost China and the...