Europe Oil Market News

25 Feb 2025
The head of the International Energy Agency (IEA) has suggested that European nations will be better positioned to replace Russian LNG...
25 Feb 2025
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...
25 Feb 2025
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...
25 Feb 2025
Energy consultancy Wood Mackenzie expects Brent prices to average at just below current levels this year, as new production...
24 Feb 2025
Benchmark crude oil futures opened the week lower as markets braced for increasing volumes entering the market, while LSGO extended losses...
24 Feb 2025
The US Treasury Department on Monday sanctioned more than 30 brokers, tanker operators, and shipping companies...
24 Feb 2025
The UK government has announced £200 million ($253 million) in funding to secure the future of clean energy production at the...
24 Feb 2025
The marine fuel 0.5% sulphur East-West spread narrowed to $30.25/mt, its lowest level since August 2022, as declining Singapore price...
24 Feb 2025
Crude oil futures opened the week little changed as markets steadied following Friday's selloff that wiped out the week's gains...
24 Feb 2025
The Ukrainian military said Monday it struck the Ryazan oil refinery in an overnight drone attack
24 Feb 2025
The European Union announced on Monday that it has suspended sanctions on Syria, potentially paving the way for additional supplies to enter a...
24 Feb 2025
Platts has no plans to make further changes to its Dated Brent methodology, with the industry satisfied that the major upgrades...
24 Feb 2025
Oman's Duqm refinery has boosted production by 10% to 255,000 bpd around a year after inauguration, according to its CEO David Bird...
24 Feb 2025
The Kurdistan Regional Government (KRG) said on Sunday it has reached agreement with federal capital Baghdad to restart crude exports...
24 Feb 2025
Optimism around peace talks ending Russia's war in Ukraine triggered an exodus of bullish speculators in the crude oil futures market...
21 Feb 2025
Benchmark crude oil futures unravelled most of the gains made throughout the week Friday as swelling inventories in the United States...
21 Feb 2025
Crude oil futures Friday were sharply lower as a pre-weekend selloff largely eroded the gains from four consecutive increases...
21 Feb 2025
Short-term strength in the European gasoline market started to give up some of its recent gains, while a seasonal uptick in Asian...
21 Feb 2025
The marine fuel 0.5% sulfur east-west spread narrowed to its lowest level since May this week, reflecting weaker demand and ample...
21 Feb 2025
Diesel margins soared to fresh heights in West of Suez markets this week as surging demand compounded supply concerns to tighten market...
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