Oil Market News

QatarEnergy has awarded its monthly Al Shaheen tender for May at sharply lower levels, reflecting the tumble in spot premiums for...

Speculative investors continued to unwind their bullish positions in the Brent crude futures market during the week ending 11 March as oversupply...

The US military launched airstrikes on a number of Houthi targets over the weekend, further destabilising the region and threatening...

The US rotary drilling activity held steady for the week of March 14, after it slipped the week prior...

Middle East crude prices were slightly higher over the week although benchmark Dubai continued to bump along the bottom of the post-Covid trading range...

Williams Partners is keen on reviving the canceled Constitution gas pipeline project in the Northeast only if...

Crude oil futures were higher on Friday and were on course to end the week flat as a quick end to war in Ukraine remained elusive, stemming...

Benchmark crude oil futures edged higher on Friday but posted the third consecutive week in decline as sustained market uncertainty dampened...

Ecuador's state-owned Petroecuador has been forced to shut one of its main crude oil pipelines to investigate...

US natural gas futures eased Friday to extend weekly losses as a spell of warmer weather overturned early-week gains...

Diesel cracks extended losses in the West of Suez market this week as oversupply concerns accelerated amid macroeconomic fragility...

Marine fuel sales at the world's top bunkering hub, Singapore, declined further in February 2025, continuing a seasonal slowdown...

Singapore's HSFO spot prices fell on ample supply with weakness expected to persist next month on rising imports...

Gasoline recovered from multi-year lows this week, helped by sharp stock draws on both sides of the Atlantic, while the east-west naphtha...

Middle East crude prices eased back to leave benchmark Dubai little changed on the week, while the selloff in middle distillate margins....

A licence allowing Russian financial institutions access to US payment systems for energy transactions expired on Wednesday, a...

Kpler is expected higher European TTF and Asian LNG prices for 2025, citing lower LNG supplies...

Shell has completed the sale of its onshore Nigerian assets to local company Renaissance in a deal worth up to $1.3 billion...

Binh Son Refining and Petrochemical (BSR) has signed a consulting contract with a US-headquartered engineering and technology...

A Ukrainian drone strike set fire to a gasoline storage tank at Russia's Tuapse refinery overnight on 14 March, according to Krasnodar...