Crude Oil News

US drilling activity decreased for the first time in six weeks, after the longest rising streak since 2022...

Eurobob cracks collapsed to multi-year lows Friday, dragged lower by a collapse in cash diffs in the barge market against a backdrop of...

Benchmark crude oil futures rebounded on Friday on reports that OPEC+ may reverse its oil output hike after April if demand was not sufficient...

Crude oil futures steadied on Friday and were climbing higher at the tail end of a bruising week that left benchmarks heading for a 3% loss...

Enbridge is seeking shipper interest in a plan to increase the capacity of its Flangan South Pipeline (FSP)...

Norwegian oil and gas operator DNO said Friday it has reached an agreement to acquire its domestic rival Sval Energi..

US crude oil imports rose for a fourth consecutive month in January, reaching a six-month high of 6.55 million bpd, driven by increased...

Energy Secretary Chris Wright plans to seek up to $20 billion to fulfill President Donald Trump's goal of refilling...

Kazakhstan has tasked oil majors operating in the country with cutting output as the country struggles to meet its OPEC+ production...

Marathon Petroleum is to start maintenance at its 255,000 bpd Robinson refinery in Illinois in the coming weeks, Reuters reported Friday...

China's crude oil imports fell 3% in the first two months of 2025 from a year earlier, as port restrictions in Shandong and higher freight...

Dubai crude bounced off three-year lows Friday but the Middle East marker was still heading for heavy weekly losses, while the selloff in...

Saudi Aramco on Friday reduced the Official Selling Price (OSP) for its flagship Arab Light crude loading in April, reflecting the...

Canada's Parkland Corp is planning on completing a divestment of its assets by the end of this year in response to calls from its largest shareholder...

Benchmark crude oil futures witnessed a correction on Thursday as markets retraced a steep sell-off that had sent prices sliding to...

US President Donald Trump on Thursday granted another one-month suspension of tariffs on Mexican imports from...

South Bow is seeing "extreme" demand for Canadian heavy crude from markets in the US Gulf Coast...

Crude oil futures Thursday were pulling away from multi-year lows, finding some support after the week's sharp selloff...

A record 190,000 mt of Mexican high sulphur fuel oil (HSFO) is making its way to Europe this month...

South Bow received approval in early March from the US Pipeline and Hazardous Materials Safety Administration...