Europe Oil Market News

London-listed African independent Seplat Energy has completed its acquisition of ExxonMobil's onshore and shallow water oil assets...

Diesel showed signs of renewed strength on both sides of the Suez this week, recovering ground lost to Brent as closed arbs into the region...

Middle East crude eased slightly on the day but still posted comfortable weekly gains, while gasoline cracks continued to firm to near...

French oil product demand fell back last month after a strong October, as diesel consumption contracted sharply after the agricultural season...

Brent struggled to hold on to the week's earlier gains on Thursday as the IEA warned of a looming supply surplus next year...

Crude oil futures were steady Thursday, with investors looking for details on Beijing's plans to boost China's stumbling economy via...

OPEC and its allies boosted oil production by 320,000 bpd in November, led by significant increases in Libya and Kazakhstan...

Russia's state-owned Rosneft has signed a 10-year deal to supply India's privately owned Reliance Industries with 500,000 bpd...

ARA product stocks were broadly flat this week as a seasonal jump in gasoline was matched by a fall in jet and fuel oil...

Physical deliveries for the ICE low-sulphur gasoil (LSGO) December contract dropped to just 225 lots at expiry Thursday...

The International Energy Agency (IEA) forecasts a global oil surplus of up to 1.4 million bpd in 2025, even as demand rises by 1.1 million...

Jet fuel's premium over diesel in northwest Europe is at its widest in about a month, with imports seen slowing sharply this month with arbs...

European air travel stabilised last week after falling steadily since its seasonal peak in the summer...

Spain's refineries produced their lowest volumes of the year in October, official figures showed Thursday, with gasoline production slumping...

Middle East crude climbed to monthly highs as sentiment pivoted to the upside, while gasoline margins continued to firm amid tighter...

Austrian energy company OMV has severed its long-standing natural gas supply contract with Gazprom, citing "multiple fundamental...

European crude oil and refined products markets were higher during Wednesday's session, lifted by expectations of dovish economic policy...

Lower oil prices and sufficient global supplies is allowing the US and its allies to look for "creative" ways to target Russia with additional sanctions...

Crude oil futures were climbing higher on growing expectations of further China stimulus, while speculation on tighter sanctions...

Goldman Sachs expects oil tanker freight rates to decline steadily over the next two years as fleet growth outpaces demand, easing the...