Crude Oil News

Brazil's crude output fell 5% on the month in July to touch its lowest levels since April as production continued to struggle to push back to...

Middle East crude prices rebounded Friday as Dubai closed out the month on a firmer footing, while the selloff in gasoline and middle...

Brent crude oil futures rebounded Thursday as nearly half of Libya's output was down amid a political standoff while...

Crude oil futures were climbing higher on renewed supply concerns Thursday as benchmarks recovered following two days of losses...

Iraq is set to undertake its first serious attempt of the year to get to grips with the chronic overproduction that has led it into conflict with...

Turkey's crude oil arrivals slipped 11% on the month in July to a six-month low of 616,000 bpd as elevated crude prices and weaker cracks...

A salvage operation is expected to get underway in a bid to avert a major environmental disaster in the Red Sea...

Middle East crude prices were in retreat again Thursday while Dubai also lost ground against Brent heading into the expiry, while gasoline...

Russia has banned public reporting on industrial output of refined oil products by its statistics ministry, further limiting information...

Oil production from Libya was under further strain in the second half of the week with more production set to go offline as the row...

Qatar is in discussions with Germany authorities over the possible acquisition of Rosneft's stake in the Schwedt refinery, which was placed...

Brent crude oil futures slipped for a second straight day amid renewed worries about the global economy and a...

Crude oil futures Wednesday were in retreat, with markets so far this week torn between conflicting pricing signals....

US commercial crude oil stocks extended the summer trend of lower stockpiles, posting an eighth draw in the last nine weeks...

Socar will shut its STAR refinery on Turkey's west coast for up to two months for maintenance work amid falling refined product margins...

Profits at oil trader Gunvor slipped 48% in the first half of the year as oil market volatility waned, with trade adapting to geopolitical...

ExxonMobil is looking to divest some of its conventional oil and gas fields in the Permian Basin, with the sales potentially raising...

Middle East crude prices rowed back Wednesday as markets struggled to hold early-week gains, and gasoline margins dived to an 11-month...

The Brent/Dubai EFS, a key metric in comparing Dubai-related crude oil versus grades pricing against the North Sea Brent benchmark, surged...

A steep draw of jet fuel inventories in Japan continued to weigh on the overall product stocks in the country despite crude throughput...