Americas Oil Market News

Phillips 66 completed upgrades at two of its US refineries in the last quarter, giving it flexibility for crude...

Crude oil futures were initially in retreat Friday and heading for a weekly decline but showed a late-day rally despite tariffs and OPEC+...

US oil and gas rotary drilling activity rose for a second week, as rig counts in the Permian Basin held...

The Department of Interior (DOI) has unveiled plans to shrivel up the permitting process for energy...

Schlumberger (SLB) expects to record 25% margin growth for the year, assuming oil prices remain...

Energy industry services provider Schlumberger (SLB) reported that its first quarter revenue fell after...

Middle East crude prices were lower for a second session amid uncertainty on OPEC+ output, a move that leant support to margins at the...

Light product cracks continued to improve on both sides of the Suez this week against the backdrop of easing global trade tensions as the...

Weekly US natural gas inventories registered its biggest increase since May 2024 as rising temperatures...

Crude oil futures were slightly higher as markets faced mixed signals with the growing prospect of easing trade tariffs offset by OPEC+ discord...

Valero's fuel import permit for Mexico was briefly suspended earlier this month because of a government...

Valero Energy Corp reported a net loss of $595 million in the first quarter of this year compared to net income of $1.2 billion a year ago...

Polish energy producer Orlen has signed a third deal to supply 100 million cubic metres of US liquefied natural gas to Ukraine, the firms...

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...

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...

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