Oil Market News

Kuwait's crude production capacity is expected to rise to 4 million bpd by 2035 from its current level of...

The Ukrainian military said Tuesday it had successfully attacked the Moscow Oil Refinery and damaged the Druzhba...

A 59-year-old man has been arrested on suspicion of gross negligence manslaughter in relation to Monday's collision...

European natural gas futures were consolidating at recent firmer levels Tuesday amid uncertainty around the Russia/Ukraine peace talks and...

he naphtha arb between west and east of Suez has turned notionally positive again this week and its widest since mid-January...

Flight traffic between Europe and Asia Pacific surged 21% over the year in 2024, industry data from Eurocontrol showed Tuesday, even as...

Nigeria's NNPC has begun talks with the Dangote refinery to extend its naira-based crude supply contract...

Delta airlines slashed its first-quarter profit estimates by over 50% on Monday, citing sluggish travel demand amid rising global economic...

Middle East crude rowed back Tuesday to leave prices just above multi-year lows, while gasoil cracks continued to slide as peak winter...

One crew member remains missing around 24 hours after a collision between two ships in the North Sea, which sparked a massive fire...

Fuel oil imports in Asia are set to recover from a multi-year low this month as a flurry of long-haul cargoes from the Americas region is scheduled...

Crude prices are likely to move in the $60-$80/b range during 2025 with prices moderated by global trade concerns and slower growth...

Inflation will be elevated over the next six to nine months and this pressure will come mainly from a shortage...

Of the $400 billion in total oil and gas investments this year, some $360 billion is going towards offsetting...

OPAL Fuels has agreed to build and operate five new fuel stations in Canada, which will supply 3.85 million gasoline gallons equivalent per...

Members of the US Congress have urged tax officials to maintain energy tax credits to avoid disrupting industry investments...

Benchmark crude oil futures opened the week lower as markets continued to weigh the implications of Washington's hawkish trade...

Crude oil futures staged another volatile session Monday with Brent slipping back below the $70/b mark...

The US military has confirmed an oil tanker struck in the North Sea on Monday, catching fire and spilling jet fuel into the ocean, was on...

US natural gas futures continued to challenge post-2022 highs as the run of cold snaps and depleted stocks was accentuated by the threat...