Oil Market News

Crude oil futures initially were slightly higher Friday but soon fell into flat-to-negative territory on the day and heading for steep weekly losses...

Crude and refined oil products ended the week lower as the risk premium started to fade, while accelerating gasoline exports from the Dangote...

Distillate fuel margins retreated from recent highs this week as concerns over supply started to soften amid easing tensions in the Middle East...

Asia's HSFO 380 CST cracks eased this week despite signs of stronger demand from China's teapots, as diminishing geopolitical risks...

Gasoline cracks were testing fresh lows again this week as Nigeria's Dangote refinery adds more misery...

East of Suez crude prices were slightly higher Friday but registered heavy losses over the week, while the eastward arbitrage opportunity for...

Middle East crude prices followed global benchmarks to end the week sharply lower after what was viewed as a swift end to the...

Nigeria's Dangote refinery is set to export a record 60,000 bpd of gasoline this month, with most of it heading out of west Africa for the first time...

Delek US reported an equipment malfunction at the FCCU of its 73,000 bpd Big Spring refinery in Texas this week...

US oil and gas producer Coterra Energy will maintain its rig count at nine in the Permian Basin...