Oil Market News

The world's largest energy company, Saudi Aramco, reported second consecutive decline in annual profits, although still banked in excess of...

Gasoline prices in the United States surged to six-month highs this week as investors braced for tariffs on Canada and Mexico, with import...

Middle East benchmark Dubai crude slumped to two-year lows Tuesday after OPEC+ confirmed it would proceed with output hikes, while...

Crude oil output in the Canadian province of Alberta slipped from December's all-time high to 4.19 million bpd in January...

Taiwan's diesel exports doubled in January despite lower crude throughput weighing on gasoline outflows, government data showed Tuesday...

Abu Dhabi's Adnoc and Austria's OMV have agreed terms to merge their polyolefin businesses to create one of the largest petrochemical companies in the world

Russian authorities have put out a fire at an oil pipeline in the southern Rostov region after a suspected Ukrainian drone strike overnight, acting governor Yuri Slyusar said on Tuesday...

More Venezuelan crude oil could head to China in the coming months via the so-called dark fleet market as US President Trump axed Chevron's licence to...

Goldman Sachs warned of downside risks to oil prices as eight OPEC+ countries move to unwind voluntary production cuts earlier than...

Retaliatory tariffs emerging from the ongoing trade war could add to demand uncertainty for the American...

Tanzanian refined products imports in April will total roughly 786,000 mt, which, although not an increase from March, still reflects a more...

Eight OPEC+ countries representing a combined 30.5 million bpd of crude output said Monday they will stick with previous guidance...

The European Commission will speed up a review of its 2035 targets to cut tailpipe emissions from cars with a focus on full technology neutrality...

Asian jet fuel cracks fell to a two-month low Monday as the end of peak heating season freed up kerosene supplies, increasing availability...

Alaska North Slope crude oil production in January hit a two-year high while monthly output has risen four of the past six months...

Benchmark crude oil futures opened the week marginally lower on Monday, with investors struggling to navigate an increasingly uncertain...

US stockpiles for major transportation fuels next year will sink to the lowest since 2000 because of refinery closures scheduled for this year...

Brussels will ease new emission rules for internal combustion engine (ICE) vehicles to allow carmakers to avoid billions in fines...

Australia's road fuel consumption was sharply lower in December, official data revealed on Monday, as industrial output entered its...

Crude oil futures opened the week little changed despite a brief boost from China, as short-term direction remains highly uncertain amid tariffs...