Oil Market News

Crude oil futures dropped to a five-week low during Friday's session on reports that the US was working on a peace deal with Ukraine...

Benchmark crude oil futures extended losses Friday as concerns over the market's appetite for more barrels over the second half of the year...

The number of active drilling rigs in the US was essentially flat this week compared with last week but remains 8% down from last year...

Oil trading house 2Rivers Group, once known as Coral Energy, is dissolving after being hit by UK and EU sanctions...

Global diesel markets softened this week as robust refinery runs across Asia, the Middle East, and the US outpaced tepid demand in both...

West African crude oil producers stand to benefit the most if the Trump administration's pressure on India, via tariffs and rhetoric, forces...

Jamaica state-owned refiner Petrojam has ramped up residual fuel oil exports and tripled asphalt production to deal with an oversupply...

Singapore's HSFO east-west spread returned to positive territory for the first time since mid-July, supported by lower Russian and Middle Eastern...

Middle East crude ended the week sharply lower after OPEC+ announced another bumper production increase, hitting markets at a time...

Gasoline cracks continued to rise this week as reduced inventories compounded persistent concerns over runs at Dangote's RFCC unit...