Oil Market News

Emergency services were fighting a fire on a critical Nigerian pipeline on Tuesday, after a powerful explosion overnight in Rivers State in the Niger Delta

Naphtha supply in Asia is to remain tight in the short term as cargo flows from Algeria in March are set to reach a ten-month low, adding to the current...

Venezuela's state-owned PDVSA will independently manage production and exports from its largest oil joint venture once...

Chevron has bought 15,380,000 of Hess Corp common stock at existing market prices in open market deals, the major said in a filing with the Securities and Exchange Commission (SEC)...

The National Hurricane Center (NHC) reported Monday a low-pressure weather system some 700 miles northeast of the northern Leeward Islands...

Crude and products were higher Monday with geopolitics back in focus, after the US carried out extensive air strikes on Yemen targeting Houthi rebel groups.

Gas pipeline projects that were completed last year added nearly 18 bcfpd of new capacity for the industry...

Damage to the oil tanker Stena Immaculate, involved in a deadly collision in the North Sea a week ago...

Quantum Commodity Intelligence - Crude oil futures opened the week higher to touch their highest level in a fortnight after the US...

The Australian government needs to offer additional support and stronger incentives to the ammonia industry — and other industrial sectors — in Western Australia to help slow the region's growing gas demand and accelerate the adoption of green hydrogen ...

A consortium including BP has been awarded six new licences to explore for natural gas in Israeli waters, marking the UK...

Kazakhstan's crude oil production surged 15% in February to 1.79 million bpd, driven by increased output from Chevron's expanded Tengiz...

Russia exports of naphtha and diesel are set to contract sharply this month after repeated attacks on domestic...

Goldman Sachs lowered its oil price forecasts through 2026, citing slowing US economic growth and increased OPEC+ output, reversing...

Crude oil exports from Vancouver via the Trans Mountain Pipeline Expansion (TMX) are currently running at an all-time high...

Middle East crude prices opened the week higher amid a spike in regional tensions, while marine fuel prices continued to come off further...

Marine fuel sales in Fujairah fell to their lowest level since at least 2021, with total volumes slipping to 558,300 mt in February 2025...

Iran has pledged to maintain crude oil exports after the US announced a fresh round of measures last week, saying that Western sanctions cannot...

Australia's Woodside Energy has signed a 15-year agreement to supply China Resources Gas International with 600,000 mt of LNG per year, starting in 2027, the company said on Monday...

Turkey and Iraq held wide-ranging discussion on energy policy over the weekend, including a resumption of flows through the Kirkuk-Ceyhan...