Europe Oil Market News

Middle East crude resumed the upward trend Thursday after faltering in the previous session, while distillate margins were firmer for...

A small fire has been contained at Phillip 66's LA refinery, the company said overnight...

Crude and products were hovering at recent levels Wednesday as investors weighed a Ukraine-Russia truce...

Commodity trading house Vitol has snapped up participating stakes in Eni's oil and gas assets...

Nigeria's Dangote refinery announced Wednesday it has temporarily halted sales of petroleum products in the local currency...

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

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

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...

Swedish biofuel sales in gasoline hit a four-month high in January with ethanol making up a large portion, while demand for pure renewable diesel...

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

A Ukrainian drone attack early Wednesday ignited a fire at the Kavkazskaya oil transhipment facility in Russia's Krasnodar region just hours...

The slump in European gas inventories following a relatively cold winter and the loss of Russian pipeline gas threatens restocking targets...

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

Crude and product prices eased Tuesday as concerns over demand resurfaced, outweighing heightened geopolitical risk...

The return of Red Sea tensions amid broader geopolitical risk in the Middle East has helped diesel pull back from 2025-lows this week...

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

Saudi Arabia's crude exports inched lower in December as output remained static in line with OPEC+ output...