Americas Oil Market News

The US central bank kept its benchmark federal funds rate unchanged in its meeting earlier Wednesday but warned...

US ethanol exports hit a six-week low last week, while there was a draw in domestic inventories despite a production increase...

America's largest state of Alaska will see growth in its crude oil production next year for the first time since...

Crude oil futures in Wednesday were little changed after Brent initially skidded towards the $70/b mark before rebounding...

US commercial crude oil inventories registered a third weekly gain, taking volumes to the highest since July 2024, despite a surge in...

US gasoline stocks were seen down for the third straight week on Wednesday, as lower refinery runs and higher exports outpaced a...

California refineries processed slightly less foreign crude oil in the last quarter of 2024 than in Q3 though overall the US' third-largest...

US distillate fuel stocks dropped to their lowest levels since November last week as refinery turnarounds butted up against higher...

Ecuador has resumed shipments of its flagship Oriente crude on the Trans-Ecuadorian pipeline (SOTE) after its state oil company...

Export flows of Iranian crude oil have continued despite the latest round of US sanctions as Tehran continues to attract more vessels to join...

Middle East crude prices eased back Wednesday amid the broader crude selloff, a move that helped the distillates market manage to...

European chemical firms LyondellBasell and Covestro have announced the permanent closure of a styrene monomer...

Canada's Suncor and Imperial Oil have both shut units at their Sarnia refineries for planned maintenance, expected to last into April...

Goldman Sachs said the oil market remains fixated on downside pricing and low volatility and is underpricing the possibility of higher...

US commercial crude stockpiles rose while that for fuels fell for the week ending March 14, according to...

Crude oil futures rowed back Tuesday despite initially posting two-week highs, as the prospects of slower economic growth from the US...

Mexican tycoon Carlos Slim is in talks to provide financial backing for development projects at two key oil and natural gas fields in Mexico...

Partners for a project to transport crude oil from Hardisty, Alberta, to Patoka, Illinois and then to Energy Transfer's...

OPEC and its allies ramped up production by over 400,000 bpd in February, with Kazakhstan's leading the gains...

Wood Mackenzie expects global oil benchmark Brent prices to average $73/b this year, down $7/b...