Oil Market News

Crude oil futures opened the week were little changed, with markets largely in a holding pattern after last week's modest losses of 1.5%...

Crude oil futures on Friday were consolidating recent gains as a fresh EU sanctions package on Russia and supply disruptions offset jitters...

Benchmark oil futures were higher Friday in a volatile session, as traders weighed the impact of the EU's latest Russia sanctions...

Lower oil prices pushed Russia's oil revenues in May to their second-lowest level since the 2022 invasion of Ukraine, a study from the Kyiv...

Firm global distillate pricing persisted through the week and went into overdrive on Friday after the EU announced a series of long-anticipated...

Asia's fuel oil market softened further this week, with Singapore's high sulfur term structure flipping deeper into contango...

Chevron will proceed with its $53 billion acquisition of Hess after winning a high-stakes arbitration case against ExxonMobil over...

Middle East crude prices bounced back Friday to end the week on a high, while distillate prices saw a volatile session as the market reacted to...

Higher global inventories added to oversupply concerns for both naphtha and gasoline this week, with supply expected...

Middle East crude prices ended the week slightly higher after a positive finish on Friday, as flagship grades largely maintained the holding pattern...