Oil Market News

Oil futures: Crude oil futures slumped to fresh multi-year lows as the turmoil around global tariffs showed no signs of abating...

South Bow has issued force majeure (FM) notices to shippers on its Keystone crude pipeline which was...

Ukraine has brought forward plans to mandate a 5% bioethanol blend in motor fuel by one month to May, with ethanol shipments from the EU...

Distillate fuel oil inventories in the United States declined sharply last week, latest Energy Information Administration (EIA) figures showed...

US gasoline inventories were seen Wednesday at fresh lows for the year, even as West Coast runs rebounded from multi-year lows and...

Commercial US crude inventories posted a second weekly gain after the holdings in the critical Cushing...

Kazakhstan lifted crude production to a record 1.79 million bpd in March, overshooting its OPEC+ quota by more than 300,000 bpd and...

India's Reliance has shut at least one crude unit and other secondary units at its massive Jamnagar refinery for around three weeks...

China announced Wednesday it will sharply raise tariffs on US imports, mirroring Washington's latest move and deepening concerns...

Shell has started production at the offshore Dover field in the Guld of Mexico, the UK oil major's US subsidiary...

Prices for LNG cargoes delivered into Asia have slumped to the lowest levels in a year this week, amid the massive selloff across...

Deliveries of electric and hybrid vehicles in China rose sharply in March, fuelled by fresh government stimulus aimed at boosting...

Benchmark Dubai crude resumed the massive selloff Wednesday as the tariff-led upheaval continued, with gasoline slipping to...

The New Zealand government announced on Wednesday that it will be raising the minimum stockholding requirement for local diesel...

The Caspian Pipeline Consortium (CPC) has restarted operations at one of two loading moorings at Novorossiysk...

Middle distillate inventories in Japan climbed further last week as refiners brought more units back online following peak maintenance...

Light distillate inventories at the Port of Fujairah surged to the highest level since June 2019 in the week ending 7 April...

Chinese demand for naphtha is projected to keep rising until 2027 amid the continued expansion of the world's largest petrochemical...

China's refined oil product exports are expected to stay stable in 2025 despite lower crude runs, as shipments are estimated to increase...

US commercial crude oil stockpiles fell while inventories of fuel stocks were mixed for the week ending...