Oil Market News

Crude oil futures Tuesday extended the massive April losses, as benchmarks failed to hold earlier gains as the tariff war showed no signs...

The Panama Canal Authority will launch a bidding process that was approved by its board of directors...

Western Canadian Select (WCS) oil prices briefly weaken after news of the unplanned shutdown of the...

South Bow's Keystone Pipeline, which carries crude from Canada to the US ruptured Tuesday morning...

Benchmark crude oil futures drifted lower on Tuesday as focus remained centred around the mounting trade tensions between the US and

Naftna Industrija Srbije (NIS) disclosed on Monday that it had asked the US Treasury for a formal assurance that non-US firms would...

Saudi Aramco on Tuesday firmed up a pledge to buy US LNG by signing a 20-year purchase agreement with Texas-based NextDecade..

Diesel cracks are expected to rebound in the coming weeks as closed arbitrage routes into Europe tighten regional supply, analysts...

The Bureau of Ocean Energy Management (BOEM) will be hosting a lease sale this year for oil and gas drilling in the Gulf of Mexico, according...

China has not imported any LNG from the US for two months amid the growing trade rift between the world's two economic powerhouses...

Canada's Suncor Energy started planned work Tuesday at its 137,000 bpd Montreal refinery on Tuesday...

Washington is set to hold "direct talks" with Iran over a possible nuclear deal this coming weekend, according to US officials and media reports...

Benchmark Dubai crude edged up from four-year lows but oil prices remain highly volatile, while product cracks have remained relatively...

The oil market is at serious risk of oversupply in the coming months if OPEC+ sticks to next month's higher-than-expected output hike...

Tanker freight rates on Middle East-Singapore routes have eased in recent weeks to a two-month low as public holidays and refinery...

Marathon Petroleum reported flaring during essential works at its LA refinery late Monday expected to run until the end of the...

Haldia Petrochemicals will shut its manufacturing complex in eastern India for 45 days...

Oil production from the 12 core OPEC members eased slightly during March, led by modest drops from Iran, Venezuela and Nigeria...

Goldman Sachs expects Brent crude oil to fall below $60/b by the end of this year if the US economy goes into recession and OPEC+ sticks to its...

Indian Oil Corp plans to build a $7.1 billion dual-feed naphtha cracker near its Paradip refinery in eastern India, as the country sees steady...