Europe Oil Market News

The Kurdistan Regional Government (KRG) said on Sunday it has reached agreement with federal capital Baghdad to restart crude exports...

Optimism around peace talks ending Russia's war in Ukraine triggered an exodus of bullish speculators in the crude oil futures market...

Benchmark crude oil futures unravelled most of the gains made throughout the week Friday as swelling inventories in the United States...

Crude oil futures Friday were sharply lower as a pre-weekend selloff largely eroded the gains from four consecutive increases...

Short-term strength in the European gasoline market started to give up some of its recent gains, while a seasonal uptick in Asian...

The marine fuel 0.5% sulfur east-west spread narrowed to its lowest level since May this week, reflecting weaker demand and ample...

Diesel margins soared to fresh heights in West of Suez markets this week as surging demand compounded supply concerns to tighten market...

Russia has extended gasoline export permits for refiners until 31 August, maintaining exemptions for producers despite earlier discussions...

Middle East crude posted moderate gains to halt a run of four weekly losses, but benchmark Dubai remained locked in a tight range...

Middle East crude markets were little changed heading into the weekend as they consolidated moderate weekly gains, while HSFO...

Italy's fuel consumption in January 2025 decreased by 4.3% year-on-year to 3.8 million mt, primarily due to reduced diesel usage...

Mercuria has signed a deal with Oman to lift 800,000 metric tonnes per annum, starting in April 2025...

Crude oil futures Thursday were firmer, as markets extended the week's solid upwards trend...

Benchmark crude oil futures extended gains on Thursday as attention pivoted toward global supply concerns, while LSGO cracks rebounded...

Italian prosecutors have launched a terrorism investigation into explosions that have struck oil tankers carrying Russian crude, as a series...

Structure at the front of the Singapore HSFO 380 CST paper curve firmed further during Thursday's window as the M1/M2 spread hit its widest...

Spain's Repsol reported a decline in fourth-quarter earnings on Thursday as lower refining margins compounded weakness in middle distillates...

Saudi Arabia's Crown Prince and Russia's President have held talks this week in a call that is likely to have a strong bearing on the next...

Refined oil products inventories stored in the Amsterdam-Rotterdam-Antwerp (ARA) trading and blending hub fell for the third...

Norway's total petroleum resources on the continental shelf increased slightly in 2024, though exploration yielded below-average...