Europe Oil Market News

Russia's oil giant Lukoil on Friday dismissed reports that two of its employees had been forced to leave Romania...

The European aviation sector will be vulnerable to global oil market uncertainty over the years ahead, according to the region's air traffic...

Middle East crude resumed the downward trend over the past week, although benchmark Dubai continued to outpace Brent massively...

Blending economics were dealt a fresh blow this week as naphtha's ascent was unmatched by gasoline...

The chemical industry in Europe is facing extinction, Jim Ratcliffe, CEO of INEOS, said in an open letter to European politicians earlier this week, adding that decarbonising Europe by deindustrialisation was 'idiotic'...

Diesel margins fell under pressure in the West of Suez market this week as swelling inventories in the US and warming temperatures helped to...

Tightness in Asia's HSFO market persisted as the paper curve steepened to its highest in multiple years, even as spot prices and cracks softened from recently elevated levels...

Dubai crude posted a strong finish on the final session of February, while marine fuel cracks held at eight-month lows....

Norway's Equinor will temporarily suspend operations at its Hammerfest LNG terminal for "corrective maintenance", a regulatory filing...

Mexico's Pemex hopes to restart production at nearly half its offshore rigs by the second half of the year

Below is a list of monthly averages for key Quantum refined oil product spot physical assessments...

Eni kept output steady in the fourth quarter, but refining and LNG earnings took a hit as weaker margins eroded profitability...

Benchmark crude oil futures rebounded on Thursday as Venezuelan exports were targeted in Washington's latest orders, while LSGO cracks...

Brazil's Petrobras has slashed the amount of money paid out to investors after it swung to a surprise loss in the fourth quarter...

Oil product deliveries in the UK were slightly higher over the year in 2024, official data showed Thursday...

President Donald Trump plans to up the tariff rate on Chinese goods entering the US to 20% from next...

Washington has granted a 30-day suspension of sanctions on Serbian oil company NIS, President Aleksandar Vucic said Thursday...

ARA refined oil product inventories fell for the fourth consecutive week over the seven days to 27 Feb, according to brokers citing Insights...

Bullishness in the Asian HSFO market persisted during Thursday's session, with cracks hitting fresh highs and the paper curve steepening...

Crude oil futures were climbing higher after US President Donald Trump announced a reversal of an operating licence on Chevron's Venezuelan...