Americas Oil Market News

Middle East crude prices eased back to leave benchmark Dubai little changed on the week, while the selloff in middle distillate margins....

Kpler is expected higher European TTF and Asian LNG prices for 2025, citing lower LNG supplies...

Oil futures were drifting lower Thursday after the midweek rebound stalled as traders turned to broader economic and geopolitical drivers...

Washington has hit Iran with a further round of sanctions, targeting Tehran's shadow fleet of tankers and Oil Minister Mohsen Paknejad...

The prospect of $50/b floated by US Energy Secretary has been met with little enthusiasm at the CERAWeeek in Houston...

Energy major BP said Thursday it expects direct and indirect emissions from its operations will balloon by a third in 2025...

Saudi Aramco has reduced term crude allocations to customers in China for a third month with deliveries to its largest customer set to fall...

Middle East crude prices climbed higher Thursday playing catch-up with Brent, while in the products market distillate margins continued to slide...

Three workers are receiving hospital treatment after an industrial accident at Chevron's Pasadena refinery in Texas...

The Department of Interior is seeking to pare red tape that has been weighing down project applications...

US crude oil production may not see another major boom, but it could grow another 1.5 million-2 million...

ExxonMobil plans to raise its liquids production globally to 5.4 million boed by the end of this decade...

Phillips66 on Wednesday reported flaring associated with maintenance activities at its 165,000 bpd LA refinery...

Brent crude oil futures moved comfortably back above the $70/b level Wednesday as the market waited on the outcome of discussions...

US gasoline stocks slumped last last week as domestic demand climbed above the 9 million bpd mark for the first time this year

US commercial crude oil inventories registered a second weekly gain after a previous run of five consecutive draws...

Distillate fuel oil inventories in the United States declined for the second consecutive week last week, according to latest figures published...

OPEC has maintained its outlook for global oil demand growth in 2025 at 1.45 million bpd, although conceded that a tariff-led trade war...

Russia's crude oil exports have risen sharply over the past month, indicating that the rollout of fresh sanctions has had little impact...

Transatlantic diesel exports are seen sharply higher this month after a lull in January and February, with the arb open to Europe...