Oil Market News

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...

Benchmark crude oil futures drifted lower on Thursday as oversupply concerns intensified amid weakening demand and heightening trade...

Oil futures were drifting lower Thursday after the midweek rebound stalled as traders turned to broader economic and geopolitical drivers...

Russian leader Vladimir Putin said Thursday that Russia is open to ending hostilities with Ukraine, but that any ceasefire...

Singapore's fuel oil stocks rebounded 16% last week as cargoes started to arrive in the city-state to fill a shortage of HSFO that has been...

Refined oil product inventories stored in the Amsterdam-Rotterdam-Antwerp (ARA) trading and blending hub fell to the lowest levels since...

Nigeria's crude oil output last month eased from January's five-year high, but was still sharply higher on the year at 1.47 million bpd...

Washington has hit Iran with a further round of sanctions, targeting Tehran's shadow fleet of tankers and Oil Minister Mohsen Paknejad...

The International Energy Agency (IEA) projects a global oil surplus of up to 600,000 bpd in 2025, even as demand grows by more than 1 million...

The prospect of $50/b floated by US Energy Secretary has been met with little enthusiasm at the CERAWeeek in Houston...

Energy major BP said Thursday it expects direct and indirect emissions from its operations will balloon by a third in 2025...

Nigeria's Dangote refinery will shut its 204,000 bpd gasoline production unit for scheduled maintenance through June, Reuters...

Saudi Aramco has reduced term crude allocations to customers in China for a third month with deliveries to its largest customer set to fall...

Middle distillate cracks in Asia reached their weakest level since last December as Middle Eastern refiners ramped up output coming out of the maintenance...

Middle East crude prices climbed higher Thursday playing catch-up with Brent, while in the products market distillate margins continued to slide...