Oil Market News

A sharp rebound in upstream M&A activity in the US lifted first-quarter deal value to $17 billion, the second-strongest start to a year since 2018...

Middle East crude prices retreated for the first time this week amid discord within OPEC+, while gasoline continued to firm...

The US government is considering slashing tariffs on Chinese goods in a bid to ease the current trade standoff, according to the Wall...

South Korean petrochemical crackers are looking to sell more facilities in 2025 as operational losses deepened in recent quarters amid weaker global demand...

Benchmarks lost their footing on Wednesday after Kazakhstan warned that its crude oil output would be determined based on national interests...

US exports of total petroleum products set a new all-time high of 6.6 million bpd last year, thanks to growth...

Crude oil futures were lower, having surrendered earlier gains after Kazakhstan said it would not reduce oil production, jeopardising the...

The Dutch government has agreed to restart offshore gas production in the North Sea, aiming to reduce import dependency and lower...

US commercial crude oil stocks gained for a fourth week but rose by the smallest amount since April 2021...

US gasoline destocking accelerated last week as demand surged around the holidays, outpacing higher domestic runs...

Distillate fuel oil inventories in the United States declined for a third consecutive week last week as level production faced a seasonally...

Ryanair has significantly expanded its fuel hedging program, the airline's Chief Executive said in an interview on Tuesday, securing lower jet...

Rotterdam's bunker fuel sales remained steady in the first quarter of 2025, but the port's status as a bio-bunkering hub took a step back as the...

Saudi Arabia and India have signed an agreement to establish two oil refineries in India, officials announced on Wednesday, marking a significant...

Middle East crude prices increased for a third session to extend the upwards trend, while the Hi5 spread slipped back below $50/mt...

Dutch tank storage group Vopak has yet to see any major change to supply chains from US tariffs, but said it was well-positioned...

China's oil refining sector is expected to reach maximum capacity this year as demand for some refined products starts to fall amid rapid transition to...

Refined oil product demand from China this year is expected to grow at a much slower pace than previously expected, as escalated trade tensions with...

US commercial crude oil and fuel inventories decreased last week, with the key Cushing, Oklahoma...

Crude oil futures were moving higher as prices reversed the early-week selloff, with geopolitical concerns overshadowing the prospect of....