Oil Market News

Benchmark crude oil futures rebounded on Friday on reports that OPEC+ may reverse its oil output hike after April if demand was not sufficient...

Crude oil futures steadied on Friday and were climbing higher at the tail end of a bruising week that left benchmarks heading for a 3% loss...

Enbridge is seeking shipper interest in a plan to increase the capacity of its Flangan South Pipeline (FSP)...

ExxonMobil on Friday reported flaring at its 565,000 bpd Baytown refinery related to maintenance work...

Marine fuel 0.5% sulfur prices slipped to the lowest they've been since 2021 this week as a big supply overhang in Asia shows little sign...

Poland's Orlen has signed an agreement with Ukrainian oil and gas company Naftogaz to cooperate in the LNG sector, according to a press...

Norwegian oil and gas operator DNO said Friday it has reached an agreement to acquire its domestic rival Sval Energi..

OPEC+ countries are ready to start cutting production again in case of disruptions in the oil market, Russian Deputy Prime Minister...

US crude oil imports rose for a fourth consecutive month in January, reaching a six-month high of 6.55 million bpd, driven by increased...

Energy Secretary Chris Wright plans to seek up to $20 billion to fulfill President Donald Trump's goal of refilling...

Middle East crude extended the six-week downwards trend with oil prices hammered down the lowest levels seen in the post-Covid period...

Kazakhstan has tasked oil majors operating in the country with cutting output as the country struggles to meet its OPEC+ production...

Marathon Petroleum is to start maintenance at its 255,000 bpd Robinson refinery in Illinois in the coming weeks, Reuters reported Friday...

Gasoline is pointing east again from Europe as prices slumped in another volatile week, despite firmer paper cracks...

Diesel margins extended losses this week as increased shipments through the Suez Canal and warmer regional temperatures alleviated supply...

Weekly US natural gas inventories slipped yet another week to reach the lowest volumes since May 2022...

China's crude oil imports fell 3% in the first two months of 2025 from a year earlier, as port restrictions in Shandong and higher freight...

German antitrust authorities have launched an investigation into price reporting agencies S&P Global Platts and Argus Media...

Dubai crude bounced off three-year lows Friday but the Middle East marker was still heading for heavy weekly losses, while the selloff in...

Saudi Aramco on Friday reduced the Official Selling Price (OSP) for its flagship Arab Light crude loading in April, reflecting the...