Europe Oil Market News

The head of the International Energy Agency (IEA) has suggested that European nations will be better positioned to replace Russian LNG...

Middle East crude opened the week lower as prices caught up with the pre-weekend Brent selloff after Asia had closed, with the move help...

BP is set to abandon its pledge to cut oil and gas output and announce at least one major divestment at its investor day Wednesday...

Energy consultancy Wood Mackenzie expects Brent prices to average at just below current levels this year, as new production...

Benchmark crude oil futures opened the week lower as markets braced for increasing volumes entering the market, while LSGO extended losses...

The US Treasury Department on Monday sanctioned more than 30 brokers, tanker operators, and shipping companies...

The UK government has announced £200 million ($253 million) in funding to secure the future of clean energy production at the...

The marine fuel 0.5% sulphur East-West spread narrowed to $30.25/mt, its lowest level since August 2022, as declining Singapore price...

Crude oil futures opened the week little changed as markets steadied following Friday's selloff that wiped out the week's gains...

The Ukrainian military said Monday it struck the Ryazan oil refinery in an overnight drone attack

The European Union announced on Monday that it has suspended sanctions on Syria, potentially paving the way for additional supplies to enter a...

Platts has no plans to make further changes to its Dated Brent methodology, with the industry satisfied that the major upgrades...

Oman's Duqm refinery has boosted production by 10% to 255,000 bpd around a year after inauguration, according to its CEO David Bird...

The Kurdistan Regional Government (KRG) said on Sunday it has reached agreement with federal capital Baghdad to restart crude exports...

Optimism around peace talks ending Russia's war in Ukraine triggered an exodus of bullish speculators in the crude oil futures market...

Benchmark crude oil futures unravelled most of the gains made throughout the week Friday as swelling inventories in the United States...

Crude oil futures Friday were sharply lower as a pre-weekend selloff largely eroded the gains from four consecutive increases...

Short-term strength in the European gasoline market started to give up some of its recent gains, while a seasonal uptick in Asian...

The marine fuel 0.5% sulfur east-west spread narrowed to its lowest level since May this week, reflecting weaker demand and ample...

Diesel margins soared to fresh heights in West of Suez markets this week as surging demand compounded supply concerns to tighten market...