Oil Market News

Benchmark crude oil futures opened the week sharply higher as Russian oil faced further Western pressure, while improving...

Enbridge shut its Line 5 pipeline Sunday afternoon after severe weather tripped power supply across northern Michigan, according to a spokesman Ryan Duffy.

Vitol-backed Varo Energy has announced a deal to buy Sweden's Preem, in a deal that will make it the region's top refiner...

TotalEnergies on Monday was restarting a unit at its 240,000 bpd Gonfreville refinery in Northern France...

A consortium led by infrastructure group BlackRock to buy more than four dozen ports, including...

PetroChina's refining and fuel sales profits fell sharply in 2024 as the country's accelerating shift toward electric vehicles and LNG...

The US has moved to revoke authorisations for foreign companies working with Venezuela's state oil firm PDVSA, escalating its push to...

Equinor's Johan Castberg oilfield in the Barents Sea has started production, the Norwegian energy company announced on Monday, following...

Crude futures were trading near one-month highs Monday as the market weighed threats from US President Donald Trump to impose...

BP has made a Final Investment Decision (FID) for a gas project and made headway into another discovery...

Throughput on the Shell-operated Mars Oil Pipeline Company's offshore system in the Gulf of Mexico...

Global airline seat capacity is projected to reach 493.8 million in March, up 9% from the same month in 2024, according to data from...

Crude output in Brazil reached its highest level in over a year last month as the South American giant continues to recover after losing...

Asia commentary and pricing are suspended Monday for the Eid-al-Fitr and Hari Raya Puasa holidays in Singapore. A normal...

The US rotary drilling activity eased lower after the producers in the Permian Basin took down a few...

Benchmark crude oil futures extended losses on Friday but posted the third consecutive weekly gain, as tightening market balances...

Crude oil futures hovered near one-month highs on 28 March, on track for a third straight weekly gain, as tightening global supply...

Enbridge expects to federal and state permitting and challenges against some awarded permits for its Line 5...

Diesel margins fell under pressure in the West of Suez market this week as concerns over the implications of Washington's tariffs...

Marine fuel prices in Singapore looked to have bottomed out this week as margins showed tentative signs of improvement despite...