Crude Oil News

OPEC and its allies increased output during July as the producer group remained well above its collective target, according to a survey...

The US Department of Energy has tendered to buy another 6 million barrels to top up its depleted Strategic Petroleum Reserve...

Crude rallied for the fifth straight day on Monday, shaking off any recessionary...

 North American drilling activity edged up last week as producers added to the oil count...

Distillate cracks continued to struggle as they slipped to a fresh two-month low...

rude oil continued to rally into a fifth session at the start of the week as US recession fears waned and focus shifted back to Middle East...

OPEC has trimmed its forecast for 2024 oil demand on the back of weaker...

Vietnam's crude oil imports continued to pick up through July as they pushed back above the 1 million mt mark, with the rise coming...

Rising concerns of a global recession last week prompted investors to raise their bets on weaker oil prices, with the speculative net length...

Crude futures Friday were nudging higher as oil benchmarks consolidated the firm gains made since prices tumbled to...

Brent crude futures ended Friday higher to mark sharp gains on the week as financial markets recovered from its recent sell-off...

Dangote said Friday it was still short of nearly two-thirds of the new mega refinery's crude requirement for September...

Petrobras reported a surprise second-quarter loss Friday as the state-ran company settled a long-running tax dispute...

Middle East crude markets posted a fifth consecutive weekly loss as the upheaval across the global financial markets spilled over into...

Thailand's refinery run rates recovered through June and crude oil imports picked up, with lower domestic demand offset by bigger-than-usual...

Motiva has started work on its gasoline-producing FCC at the 640,000 bpd Port Arthur refiner

Malaysian refined product exports rebounded more than a fifth in June as naphtha and kerosene output hit record highs, along with big...

A crude oil tanker transiting the Red Sea has been targeted in a series of attacks, the latest in a string of strikes aimed at forcing commercial...

Another daily sailing slot has been added on the Panama Canal as water levels improve and increase draft levels on one of the...

Crude oil futures Thursday were again cautiously high as markets largely extended the firm recovery following this week's financial...