Europe Oil Market News

Portuguese oil company Galp expects refining margins to decline to around $6/b in 2025 as new refining capacity comes online in South...

Backwardation at the front of the Asian naphtha curve continued to firm at the start of the week, hitting its highest level in 10 months as...

A Ukrainian drone attack hit a key pumping station on the Caspian Pipeline Consortium (CPC) network overnight, reducing crude flows...

Middle East crude opened the week little changed amid conflicting price indictors, while structure in the naphtha market has firmed to levels...

Investors grew more bullish in the diesel and gasoline futures market during the week to 11 February as winter storms in the US...

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

Benchmark crude oil futures extended losses on Friday as markets braced for escalating global trade tensions and a potential peace deal...

Crude oil futures in Friday were marginally firmer, heading for slim weekly gains having recovered from monthly lows posted mid-week...

French refiner Rhone Energies said Friday it was still running the 140,000 bpd Fos-sur-Mer plant below capacity...

HSFO margins slipped back from their unusual premium to Brent crude this week although overall prices remained elevated relative...

North Dakota's crude oil output was seen sharply lower in December as cold weather weighed on production...

Diesel cracks strengthened over the week but began to lose momentum as easing tensions in the Russia-Ukraine conflict coupled with sharp...

US President Donald Trump has directed officials to draft a sweeping set of reciprocal tariffs targeting countries that impose duties...

Gasoline east-west spreads flattened this week as Europe struggled to hold on to recent gains, while naphtha markets remain tight...

Middle East crude was consolidating at just above one-month lows after a volatile week for oil that left the Dubai benchmark struggling...

US natural gas futures were consolidating solid weekly gains as ongoing winter storms and strong LNG export demand underpinned the rally...

Middle East crude prices bounced back from two days of losses Friday, while gasoline margins continued to firm as the paper crack hit...

A potential peace deal between Russia and Ukraine could weigh on oil prices by shortening tanker routes, easing sanctions-driven...

Benchmark crude oil futures drifted lower on Thursday as markets braced for easing tensions in the Russia-Ukraine conflict, while sliding natural...

The following are a list of deals or memorandums of understanding (MoU) signed during the India Energy Week 2025, confirmed by officials...