Europe Oil Market News

Oil production from the 12 core OPEC members increased for the first time in three months during February led by gains in...

Benchmark crude oil futures extended losses on Wednesday as swelling US crude inventories compounded expectations of increasing OPEC+...

Crude oil futures continued to struggle with benchmarks left battered after OPEC+ production hikes and huge uncertainty...

The Czech Republic has released 330,000 mt of crude from strategic reserves after supplies were halted on the Druzhba pipeline...

Vitol announced on Tuesday that it had signed a long-term deal with LNGPH to supply the Philippines with LNG for the next decade...

Refined oil product deliveries into the Spanish market from Exolum terminals rebounded in February, latest figures showed Wednesday...

ExxonMobil's French subsidiary Esso is in the process of shutting its 240,000 bpd Gravenchon refinery...

Saudi Arabia's Aramco is weighing a deal for BP's lubricant business Castrol, according to a Bloomberg report Wednesday...

Middle East benchmark Dubai crude rebounded Wednesday, moving back above Brent, while margins for residual fuels continued to slump...

Emergency services extinguished a major fire at Azerbaijan's Heydar Aliyev oil refinery on Wednesday...

Equinor and its partners have made a gas and condensate discovery in the southern part of the Norwegian Sea, the company announced...

The OPEC+ move to start unwinding cuts from April was driven by in-house wranglings over compliance rather than external political factors...

Benchmark crude oil futures were sharply lower on Tuesday as investors braced for returning OPEC+ barrels and escalating global trade...

Crude oil futures Tuesday extended losses after OPEC+ confirmed it would go ahead with output increases, sinking benchmarks to...

Ultra-low sulphur diesel (ULSD) loadings at Russia's main oil product terminals at Primorsk and Tuapse...

US natural gas futures surged higher for a second consecutive session, amid forecasts of colder weather and record LNG exports...

Spain's road fuel consumption fell to one-year lows in January, industry data showed Tuesday, falling for the fourth consecutive month in line...

Crude oil output from core OPEC members ramped up to the highest level in more than a year, driven by gains from Iraq, Venezuela...

Middle East benchmark Dubai crude slumped to two-year lows Tuesday after OPEC+ confirmed it would proceed with output hikes, while...

Crude oil output in the Canadian province of Alberta slipped from December's all-time high to 4.19 million bpd in January...