Oil Market News

Middle East crude markets were steady Wednesday, consolidating at monthly highs, while distillate cracks bounced to a two-week high...

Nigeria's Dangote refinery is reportedly bringing online a gasoline-boosting alkylation unit at the 650,000 bpd mega plant...

Oil product inventories at the Port of Fujairah fell by 11% last week to 19.4 million barrels as exports picked up and inflows slowed...

Japan's gasoline inventories fell to the lowest level since August last week as refinery maintenance curbed output ahead of peak spring...

US commercial crude oil stockpiles fell as did refined products for the week ending March 21, according to the industry...

Six Native American tribes have withdrawn from a federal environmental review of Enbridge's Line 5 pipeline project in Michigan, citing...

Shell plans to grow LNG sales and keep oil output steady as it shifts focus to high-return hydrocarbons and a simplified...

Crude slipped Tuesday as the market weighed more US sanctions on Venezuela and a breakthrough in Russia-Ukraine peace talks...

The Gulf Mercantile Exchange has completed the first trade on its new OTC platform, marking a step forward in regional crude pricing flexibility...

The Panama Canal Authority (ACP) has delayed to October incentives for shipowners to adopt decarbonization and greenhouse gas emissions...

India's refiners processed a record 5.4 million bpd of crude oil last month as its sector continues to go from strength to strength amid...

The UK's North Sea regulator sees more investment in offshore oil and gas output than previously expected after...

The US, Ukraine and Russia have agreed to a ceasefire on the Black Sea that will halt attacks on commercial shipping in the region in a...

Trafigura's chief executive has blamed a series of systemic organisational failures for the $1.1 billion losses in its Mongolian oil business, although...

A jet fuel leak from a pipeline operated by Energy Transfer's subsidiary Sunoco Pipeline in a Pennsylvania county...

Vitol's Chief Executive Russel Hardy sees more than enough oil supply to meet global demand in the medium term despite increasingly...

Singapore's front-month marine fuel crack dropped to its lowest level since June as rising crude prices and sluggish bunker demand...

Gunvor's chief executive warned on Tuesday that the global oil market faces potential oversupply over the year ahead as demand struggles to...

Middle East crude markets posted comfortable gains Tuesday after a US threat to clampdown on Venezuelan exports, while marine fuel...

China's crude oil imports from the West of Suez are expected to spike in April as sanctions on Russian energy trade flows dented cargo...