Oil Market News

The Department of Interior (DOI) has unveiled plans to shrivel up the permitting process for energy...

European natural gas futures extended the week's steady decline Friday amid slowing demand, higher inventories and cheaper LNG imports...

Schlumberger (SLB) expects to record 25% margin growth for the year, assuming oil prices remain...

Middle distillate margins were up through the week as falling stocks in the US and Asia offered support to the diesel market during...

Energy industry services provider Schlumberger (SLB) reported that its first quarter revenue fell after...

The price gap between 0.5% sulphur marine fuel oil and HSFO 380 in Singapore rebounded this week after falling below $50/mt...

Middle East crude prices ended the week slightly lower as the upwards lift from a thaw in the tariff war was derailed by the discord within OPEC+...

Middle East crude prices were lower for a second session amid uncertainty on OPEC+ output, a move that leant support to margins at the...

Light product cracks continued to improve on both sides of the Suez this week against the backdrop of easing global trade tensions as the...

New emissions limits in the Mediterranean are redrawing bunker fuel flows, though a slump in Suez Canal traffic and limited ULSFO...

A commodities hedge fund operated by high-profile manager Pierre Andurand has slumped by over 50% so far in 2025...

Weekly US natural gas inventories registered its biggest increase since May 2024 as rising temperatures...

Crude oil futures were slightly higher as markets faced mixed signals with the growing prospect of easing trade tariffs offset by OPEC+ discord...

Brent crude oil futures ended the cash market close slightly higher on Thursday as conciliatory tones on a trade war with China were offset by concerns of a break in OPEC+ unity...

Rhino Resources, operator of the petroleum exploration license (PEL85), and its partners have found oil in the Capricornus 1-X well in...

Valero's fuel import permit for Mexico was briefly suspended earlier this month because of a government...

The east-west naphtha spread widened to its highest level since January during trade on Thursday, driven by reduced LPG availability...

Valero Energy Corp reported a net loss of $595 million in the first quarter of this year compared to net income of $1.2 billion a year ago...

Kazakhstan's reluctance to fully comply with OPEC+ quotas has exposed fault lines within the group, as national priorities begin to eclipse...

Polish energy producer Orlen has signed a third deal to supply 100 million cubic metres of US liquefied natural gas to Ukraine, the firms...