Oil Market News

Service at the LOCAP crude oil pipeline system in the US Gulf Coast region was restored late Tuesday but it's operating at reduced...

Crude oil futures Wednesday steadied after the previous-session's sharp selloff that left benchmarks languishing at around 2025 lows...

UK major BP announced Tuesday it was reducing spending on renewables by as much as 70% and putting the money...

US utility firm Sempra Energy will take a final investment decision (FID) later this year on the second phase of the Port Arthur LNG project...

Fujairah's refined product inventories climbed to 20.4 million barrels in the week to 26 February, reaching their highest level since June 2024...

Middle East crude extended the broader decline as prices slipped to near-2025 lows on Wednesday, while the front month naphtha paper...

The US State Department has called for the resumption of crude oil exports from northern Iraq to the Turkish port of...

Spain's Moeve swung back to a small profit last year as earnings rebounded on what it described as strong fuel demand...

Domestic demand for diesel and gasoline in Argentina declined at the start of the year, weighing on total refined product sales...

US commercial crude stockpiles fell while those in Cushing, Oklahoma, grew over 1 million barrels for ...

Diamondback Energy expects its crude production to average 485,000-498,000 bpd this year, up from ...

All operations associated with Shell's Houma, Louisiana, crude oil tank farm remain suspended as...

Benchmark crude oil futures were in steep decline on Tuesday as investors braced for further US sanctions, while LSGO cracks fell to their lowest...

Crude oil futures Tuesday were slightly lower as markets struggled to hold the previous session's late gains...

President Donald Trump is looking to revive the Keystone XL crude project and get it built if not by the ...

Energy major BP has signed an agreement with the Iraqi government to invest in several major upstream projects around Kirkuk...

The US wants to impose new fees and take other actions on Chinese players in the global maritime, logistics...

The LOCAP crude oil pipeline system halted operations Monday after receipt issues at its St. James...

Brazil's refined oil products output dropped to its lowest levels in eight months in January as a big drop off in diesel output was seen amid...

The European automotive sector opened the year in contraction, industry data showed Tuesday, as declining sales of conventional vehicles...