Europe Oil Market News

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...

Mexico's PMI has raised its so-called K factor used in its formulas to price nearly all its grades sold internationally...

An oil tanker carrying 1 million barrels of crude oil has left Russia heading to Syria, as Moscow emerges as a key supplier to...

The Dubai crude oil benchmark was set Tuesday by rare nomination of Murban via the Platts Market-on-Close price discovery window...

Middle East crude prices posted two-week highs amid heightened geopolitical tensions, while the selloff in the Asian distillates market...

Poland's Orlen will supply Ukraine's Naftogas with LNG from the US, the companies said Tuesday, following on from an agreement...

Crude and products were higher Monday with geopolitics back in focus, after the US carried out extensive air strikes on Yemen targeting Houthi rebel groups.

Damage to the oil tanker Stena Immaculate, involved in a deadly collision in the North Sea a week ago...

Quantum Commodity Intelligence - Crude oil futures opened the week higher to touch their highest level in a fortnight after the US...

A consortium including BP has been awarded six new licences to explore for natural gas in Israeli waters, marking the UK...

Russia exports of naphtha and diesel are set to contract sharply this month after repeated attacks on domestic...

Goldman Sachs lowered its oil price forecasts through 2026, citing slowing US economic growth and increased OPEC+ output, reversing...

Crude oil exports from Vancouver via the Trans Mountain Pipeline Expansion (TMX) are currently running at an all-time high...

Middle East crude prices opened the week higher amid a spike in regional tensions, while marine fuel prices continued to come off further...

QatarEnergy has awarded its monthly Al Shaheen tender for May at sharply lower levels, reflecting the tumble in spot premiums for...

Speculative investors continued to unwind their bullish positions in the Brent crude futures market during the week ending 11 March as oversupply...

The US military launched airstrikes on a number of Houthi targets over the weekend, further destabilising the region and threatening...

Middle East crude prices were slightly higher over the week although benchmark Dubai continued to bump along the bottom of the post-Covid trading range...

Crude oil futures were higher on Friday and were on course to end the week flat as a quick end to war in Ukraine remained elusive, stemming...