Oil Market News

Iraq's government said Kurdish oil exports via the Ceyhan pipeline were set to resume...

Blending economics were dealt a fresh blow this week as naphtha's ascent was unmatched by gasoline...

The chemical industry in Europe is facing extinction, Jim Ratcliffe, CEO of INEOS, said in an open letter to European politicians earlier this week, adding that decarbonising Europe by deindustrialisation was 'idiotic'...

Diesel margins fell under pressure in the West of Suez market this week as swelling inventories in the US and warming temperatures helped to...

Tightness in Asia's HSFO market persisted as the paper curve steepened to its highest in multiple years, even as spot prices and cracks softened from recently elevated levels...

Dubai crude posted a strong finish on the final session of February, while marine fuel cracks held at eight-month lows....

Norway's Equinor will temporarily suspend operations at its Hammerfest LNG terminal for "corrective maintenance", a regulatory filing...

Mexico's Pemex hopes to restart production at nearly half its offshore rigs by the second half of the year

Below is a list of monthly averages for key Quantum refined oil product spot physical assessments...

Demand for refined oil products in Japan declined in January, falling below year-ago levels as sluggish naphtha and gasoline sales weighed...

The Canadian province of British Columbia is doubling its target for biofuel blending in diesel and excluding all imported fuels, in a move...

Weekly US natural gas stocks plunged to the lowest level in nearly three years, sinking below the...

Saskatchewan's premier will consider permits sought for pipe projects through the Canadian province...

Eni kept output steady in the fourth quarter, but refining and LNG earnings took a hit as weaker margins eroded profitability...

Benchmark crude oil futures rebounded on Thursday as Venezuelan exports were targeted in Washington's latest orders, while LSGO cracks...

Brazil's Petrobras has slashed the amount of money paid out to investors after it swung to a surprise loss in the fourth quarter...

Oil product deliveries in the UK were slightly higher over the year in 2024, official data showed Thursday...

President Donald Trump plans to up the tariff rate on Chinese goods entering the US to 20% from next...

Washington has granted a 30-day suspension of sanctions on Serbian oil company NIS, President Aleksandar Vucic said Thursday...

A project underway in the Port of Vancouver could enable the Trans Mountain System to get closer to its target...