Oil Market News

Benchmark crude oil futures extended gains Tuesday as increasing Western pressure on global oil supply coincided with improving...

European natural gas futures were sharply higher on Tuesday as the prospect for a ceasefire between Russia and Ukraine dimmed further...

Enbridge's Line 5 resumed service late Monday after power was restored, but the system was brought...

Gasoline cracks have surged higher in Europe and the US on the shift to premium summer grades, while the market...

Oil futures traded higher on 1 April as US President Donald Trump renewed threats of secondary tariffs on Russian oil buyers...

Sinopec's refinery throughput declined 2% in 2024 as the Chinese oil major grappled with falling domestic demand for diesel and a...

Saudi Aramco has rolled its April official selling prices (OSPs) for liquefied petroleum gas (LPG) unchanged from March...

Exports of Mexican crude to the US in January sank to the lowest levels in 44 years as the Latin American...

Motiva has been forced to delay the restart of a gasoline-making FCC unit at its giant Port Arthur refinery in Texas...

China's consumption of liquified natural gas (LNG) in the transport sector is expected to rise further this year as prices trade at a discount to...

Dubai crude posted fresh one-month highs Monday amid the growing threat to crude supplies, while naphtha cracks slipped to a...

Chinese demand for petrochemical products will keep growing rapidly in the next 15 years, likely forcing local refiners to pivot further from...

Spain's road fuel consumption rebounded in February, industry data showed on Tuesday, with deliveries rising 9% from January's one-year...

Goldman Sachs views risks to oil prices skewed to the upside in the short-term due to US sanctions, alongside solid...

The Caspian Pipeline Consortium (CPC) has suspended operations at two of its three offshore mooring points at Novorossiysk following...

Tokyo Gas will acquire a 70% stake in Chevron's East Texas shale gas assets for $525 million, strengthening its upstream position...

Middle East benchmark Dubai registered the lowest post-Covid average in March, coinciding with the first planned hike in OPEC+...

A sale of a lease in the Gulf of Mexico (GOM) by the Bureau of Ocean Energy Management (BOEM) in 2023...

US crude oil production in January this year fell to the lowest volume since February 2024 after severe...

Below is a list of monthly averages for key Quantum refined oil product spot physical assessments...