Europe Oil Market News

Middle East crude prices rebounded from 2024 lows Tuesday while the diesel market arb hit its widest level in a month on the back of...

Norway's Equinor resumed production at its Sverdrup oilfield overnight after an onshore power outage forced operations to be halted Monday...

Benchmarks were sharply higher Monday as the market braced for an escalation in the Russia-Ukraine war, while LSGO cracks climbed to a...

Crude oil futures Monday were sharply higher as benchmarks rebounded from the post-US election lows as risk-on sentiment...

Norway's Equinor has halted production at its Sverdrup oilfield, one of the largest in the North Sea, due to an onshore power outage...

East of Suez benchmark Dubai crude tumbled to the lowest level of 2024 Monday, coming just two week's before the OPEC+ gathering...

Saudi Arabia's crude production remained constrained in September on recently extended OPEC+ cuts...

Goldman Sachs expects oil prices to average $76/b in 2025 as bearish fundamentals weigh on short-term risks to supply under the new Trump...

Middle East crude opened the week slightly lower as prices remained under pressure, but lower crude prices helped lift gasoil margins...

French oil product demand recorded its highest October total since at least 2019, industry data showed Monday...

Money managers continued to increase net long exposure in gasoline futures last week beyond the six-month-high mark, shrugging off...

Crude oil futures were trending lower Friday, with markets heading for weekly declines after struggling to rebound from the losses...

Quantum Commodity Intelligence – Benchmarks lost their footing Friday, ending the week lower despite having risen consecutively over the past...

European gas prices jumped Friday after Austria's OMV said Russia will cut off fuel deliveries on Saturday morning

The diesel forward curve in Europe returned to backwardation this week as strengthening demand prospects tightened market outlooks...

Gasoline looked to have found a floor this week as arbs reopened on a signs of tight US market

Spain's Moeve reported a third-quarter loss Friday, its second this year, as weak refinery margins and a drop in domestic sales...

European air travel steeply declined last week as demand retreated further from summer's seasonal highs, but was still sharply higher on the year...

Middle East crude prices resumed the downward slide Friday to leave benchmarks lower on the week, but product margins were still...

Imperial Oil and Suncor are both shutting down unspecified units for planned maintenance at their Sarnia refineries in Ontario, Canada...