Oil Market News

Benchmark crude oil futures slid on Thursday, the unveiling of Washington's latest sweeping tariffs compounding an unexpected hike in OPEC+...

Daily exports of crude from the US stood at 4.30 million bpd in February, up from 3.93 million bpd for...

Oil futures gapped lower at the Asian open Thursday as the market digested the implications of a bigger-than-expected series of...

Equinor's Kollsnes gas processing plant has suspended operations following a power outage, the company announced on Thursday...

BP said Thursday that it would be axing its low-carbon mobility team, marking another casualty in the rewiring of strategy toward the...

Refined oil product inventories in the Antwerp-Rotterdam-Amsterdam (ARA) trading and blending hub increased marginally this week...

Naphtha cracks have plummeted in the West of Suez market, with investors monitoring a US-brokered truce between Russia and Ukraine to...

OPEC+ announced Thursday it will be adding more oil back to the market in May than previously expected...

Middle East benchmark Dubai rowed back Thursday as the latest round of US tariffs rocked oil markets, while naphtha prices...

US crude oil, refined oil products and natural gas imports were all left out of a sweeping overhaul of the country's trade policy and look set to...

BP on Thursday announced it has safely delivered its first gas from the Cypre development offshore Trinidad and Tobago...

A federal regulator has temporarily halted Colonial Pipeline's proposed tariff that would end the transportation...

Crude oil output in the Canadian province of Alberta fell for further for the second straight month in February...

Enbridge's Line 5 has resumed service after a planned turnaround on Tuesday, company spokesman Ryan Duffy said...

Benchmark crude oil futures drifted lower on Wednesday as markets braced for further escalation in global trade tensions, while LSGO...

Distillate fuel oil inventories in the United States remained relatively unchanged last week as refiners kept pace with rising demand...

Commercial US crude oil inventories surged last week to the highest since July 2024 after exports plunged...

US gasoline inventories last week dropped to their lowest level so far this year as domestic output slowed, while implied demand...

Refined oil product deliveries into the Spanish market from Exolum terminals lost momentum in March, according to figures published on...

Oil product loadings from the Russian Black Sea port of Tuapse are seen higher over the month in April...