Oil Market News

Crude and products were hovering at recent levels Wednesday as investors weighed a Ukraine-Russia truce...

BP appears to have loaded its first LNG cargoes from the Greater Tortue Ahmeyim (GTA) project located offshore Mauritania and Senegal...

America's largest state of Alaska will see growth in its crude oil production next year for the first time since...

Commodity trading house Vitol has snapped up participating stakes in Eni's oil and gas assets...

Nigeria's Dangote refinery announced Wednesday it has temporarily halted sales of petroleum products in the local currency...

Crude oil futures in Wednesday were little changed after Brent initially skidded towards the $70/b mark before rebounding...

US commercial crude oil inventories registered a third weekly gain, taking volumes to the highest since July 2024, despite a surge in...

US gasoline stocks were seen down for the third straight week on Wednesday, as lower refinery runs and higher exports outpaced a...

California refineries processed slightly less foreign crude oil in the last quarter of 2024 than in Q3 though overall the US' third-largest...

US distillate fuel stocks dropped to their lowest levels since November last week as refinery turnarounds butted up against higher...

Nigeria's government has declared a state of emergency in Rivers State after explosions halted loadings on the Trans-Niger pipeline (TNP)...

Ecuador has resumed shipments of its flagship Oriente crude on the Trans-Ecuadorian pipeline (SOTE) after its state oil company...

Export flows of Iranian crude oil have continued despite the latest round of US sanctions as Tehran continues to attract more vessels to join...

Middle East crude prices eased back Wednesday amid the broader crude selloff, a move that helped the distillates market manage to...

European chemical firms LyondellBasell and Covestro have announced the permanent closure of a styrene monomer...

Swedish biofuel sales in gasoline hit a four-month high in January with ethanol making up a large portion, while demand for pure renewable diesel...

"Carbon neutral" liquefied natural gas deals have fallen to almost zero in recent months after a brief spike in 2021-2022 and can now be...

Canada's Suncor and Imperial Oil have both shut units at their Sarnia refineries for planned maintenance, expected to last into April...

A Ukrainian drone attack early Wednesday ignited a fire at the Kavkazskaya oil transhipment facility in Russia's Krasnodar region just hours...

The slump in European gas inventories following a relatively cold winter and the loss of Russian pipeline gas threatens restocking targets...