Europe Oil Market News

Middle East crude prices eased for the first time in four sessions Wednesday, while jet fuel and gasoil cracks strengthened to the highest levels...

Shell expects oil demand growth to continue well into the next decade, with artificial intelligence playing a major role...

The European Commission is considering new powers to temporarily restrict the upside on natural gas prices...

Crude oil futures Tuesday extended early-week gains as risk-on sentiment returned as traders eyed supply disruptions and winter-led demand...

Benchmark crude oil futures extended gains on Tuesday on renewed global supply concerns and escalating geopolitical tensions, while...

Several European countries bordering the Baltic Sea are working on plans to detain Russian oil tankers in their waters, but maritime...

An incident at the Kårstø gas plant in Norway has suspended power supply to several oil platforms in the North Sea, including Equinor's Sverdrup...

Norwegian oil and gas producer Vaar Energi has raised its production guidance for 2025, forecasting output to exceed 400,000 barrels of...

ExxonMobil's French subsidiary Esso is restarting a unit at its 220,000 bpd Gravenchon refinery after a technical incident...

Ukraine's military have claimed it struck the Saratov oil refinery in a drone attack overnight, setting it on fire...

Crude production from OPEC+ was marginally lower in January as the producer group makes renewed efforts to keep on top of compliance...

Natural gas production facilities have been damaged in Ukraine's central Poltava region following an overnight Russian missile attack...

Goldman Sachs on Tuesday raised its 2025 forecast for TTF natural gas futures by a quarter, with Europe needing to price higher...

Middle East crude prices were higher for a third session Tuesday, while HSFO cracks continued to firm to a fresh premium against Brent prices....

BP on Tuesday promised a major overhaul of its strategy as the struggling UK major reported its worst quarterly results since the pandemic...

Diesel is increasingly attractive as a source of European power generation with natural gas futures hitting $100/boe Monday...

Benchmark crude oil futures opened the week sharply higher as investors sought to capitalise on the recent sell-off, while rising natural gas prices...

US natural gas futures were consolidating recent gains in the early part of the week with the continent facing two more winter storms...

European natural gas futures surged to fresh highs Monday as colder temperatures and declining stocks extended the...

Crude oil futures opened the week higher, underpinned by soaring natural gas prices in Europe, although tariffs and sanctions...