Europe Oil Market News

TotalEnergies have set their eyes on South Africa's west coast, seeking environmental approval to drill up to seven exploration wells in its Deep...

Gasoline's premium over naphtha is at its widest in about two months in Europe and Asia as weak petrochemical demand helps free up more...

Middle East crude prices retreated Tuesday on hopes that the expected Israel-Hezbollah treaty would lead to a broader settlement, ***...

Kurdistan's Prime Minister Masrour Barzani has accused Iraq's federal government of causing $20 billion in losses due to the closure...

The large crude distillation unit (CDU) is back to normal operation at Valero's 360,000 bpd Port Arthur refinery...

The Pluto LNG facility in offshore Australia remained offline Tuesday following an emergency shutdown on Monday, according to...

Goldman Sachs has flagged a turbulent year ahead for the oil market in 2025, with downside risks outweighing short-term upside potential...

Crude oil futures Monday were in retreat amid reports that a ceasefire deal between Israel and Hezbollah was gaining traction...

Benchmark crude oil futures declined on Monday following reports of progress toward a ceasefire deal between Israel and Hezbollah, while LSGO...

US natural gas opened the week sharply higher amid forecasts for colder weather boosting domestic demand...

California Governor Gavin Newsom said Monday he would restart the state's electric vehicle (EV) rebate...

OPEC+ will hold its early December ministerial meeting online rather than in person, according to newswire reports citing OPEC sources...

The UK has sanctioned 30 tankers from Russia's so-called shadow fleet, marking its largest-ever crackdown on vessels transporting Russian...

France's TotalEnergies said Monday it will make no new its investments in the Adani group of companies until the Indian firm's...

Iran is set to hold talks over its contested nuclear arms programme over the coming days, the Iranian foreign ministry announced Sunday...

Middle East crude opened the week slightly lower although premiums nudged up, while marine fuel structure has weakened notably as...

TotalEnergies has contained an oil spill at its Donges refinery in northern France, after leaking up to 15,000 litres of contaminants...

Money managers made a U-turn in their speculative positions on European diesel futures last week amid a looming supply tightness as cold...

Crude oil prices were higher Friday, solidifying gains after a bumpy week that saw geopolitical tensions in the Russia-Ukraine war...

Gunvor has temporarily closed its 75,000 bpd Rotterdam refinery due to a lack of commercially viable feedstock...