Oil Market News

Libya's Mabruk oilfield has resumed production after being shut down for nearly a decade, the Government of National Unity (GNU) announced...

A fire on a tanker carrying jet fuel involved in a collision in the North Sea has been extinguished, and while the salvage...

India will need about INR 25 billion ($287 million) in investment to reach 5% biodiesel blending by 2030 while developing a feedstock...

Three workers are receiving hospital treatment after an industrial accident at Chevron's Pasadena refinery in Texas...

Azerbaijan produced 4.5 million mt of crude oil and natural gas liquids in the first two months of the year, with output estimated to have...

Turkey's national oil producer TPAO has agreed to form a joint venture with US shale producer Continental Resources to develop tight oil...

The Department of Interior is seeking to pare red tape that has been weighing down project applications...

US crude oil production may not see another major boom, but it could grow another 1.5 million-2 million...

ExxonMobil plans to raise its liquids production globally to 5.4 million boed by the end of this decade...

Benchmark crude oil futures were sharply higher on Wednesday on strengthening global oil demand prospects, while LSGO cracks slid on promising...

French oil demand was seen higher in February, boosted by higher consumption of jet fuel, diesel and another big month for gasoline...

Phillips66 on Wednesday reported flaring associated with maintenance activities at its 165,000 bpd LA refinery...

A feasibility study carried out by EY for the UK government has pegged the potential costs of converting...

The Gas Exporting Country Forum (GECF) expects LNG's role in bunkering to continue growing until at least 2050, albeit at a declining rate — especially from 2040 — due to the uptake of alternative fuels like ammonia...

European air travel increased by 6% year-on-year last week, recording an average of 26,476 daily flights, according to data published Wednesday...

Brent crude oil futures moved comfortably back above the $70/b level Wednesday as the market waited on the outcome of discussions...

US gasoline stocks slumped last last week as domestic demand climbed above the 9 million bpd mark for the first time this year

US commercial crude oil inventories registered a second weekly gain after a previous run of five consecutive draws...

Distillate fuel oil inventories in the United States declined for the second consecutive week last week, according to latest figures published...

The impact of tariff wars that are grating the world's markets currently will likely impact trade growth...