Europe Oil Market News

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

Abu Dhabi's Adnoc and Austria's OMV have agreed terms to merge their polyolefin businesses to create one of the largest petrochemical companies in the world

Russian authorities have put out a fire at an oil pipeline in the southern Rostov region after a suspected Ukrainian drone strike overnight, acting governor Yuri Slyusar said on Tuesday...

Goldman Sachs warned of downside risks to oil prices as eight OPEC+ countries move to unwind voluntary production cuts earlier than...

Retaliatory tariffs emerging from the ongoing trade war could add to demand uncertainty for the American...

Eight OPEC+ countries representing a combined 30.5 million bpd of crude output said Monday they will stick with previous guidance...

The European Commission will speed up a review of its 2035 targets to cut tailpipe emissions from cars with a focus on full technology neutrality...

Benchmark crude oil futures opened the week marginally lower on Monday, with investors struggling to navigate an increasingly uncertain...

Brussels will ease new emission rules for internal combustion engine (ICE) vehicles to allow carmakers to avoid billions in fines...

Crude oil futures opened the week little changed despite a brief boost from China, as short-term direction remains highly uncertain amid tariffs...

The startup of oil production at Equinor's Arctic Johan Castberg field has been delayed due to adverse weather conditions, the Norwegian...

Backwardation has shot up in naphtha markets, with Russian supply under threat from escalating drone attacks on its domestic refineries.

Middle East benchmark Dubai retreated in February, sinking back below the key $80/b level ahead of first major OPEC+ decision of the year...

Turkey's crude oil imports were 2% lower than a year before in January, with monthly government data showing roughly 556,000 bpd...

The new front-line Dubai crude contract opened the month at fresh 2025 lows, while middle distillate cracks were looking weaker...

Rhone Energies said Sunday it had completed maintenance at its 140,000 bpd Fos-sur-Mer refinery, after bad weather...

Finland has freed an oil tanker suspected of severing a key power cable in the Baltic Sea, but three crew members remain barred from...

Speculators continued to roll back their bullish positions in the crude oil futures market last week amid rising optimism about a truce for...

Benchmark crude oil futures ended the week sharply lower on Friday as markets weighed the implications of Washington's latest tariffs on...

Crude oil futures Friday were trending lower with the threat of a tariffs-led global trade war dampening sentiment...