Crude Oil News

Profits at Austria's OMV group fell over the quarter as weak refinery margins and lower upstream production weighed on its recovering chemicals business...

India's crude oil throughput in June was almost unchanged from the previous month at 5.4 million bpd despite a...

Middle East crude finally found some support Wednesday on the expiry as rising geopolitical tensions underpinned markets, while jet fuel...

Turkey's crude oil imports continued to rise through June, gaining another 3% on the month to touch a seven-month high of...

Quantum Commodity Intelligence – US crude oil inventories posted a fifth consecutive draw for the week ending...

Brazil's crude output continued to recover from offshore maintenance to fields and pipelines in June, with a 2.7% rise on the month and...

Crude throughput in Japan continued to fall last week, further contributing to a fuel shortage with refined product inventories dropping for...

Crude oil futures in Tuesday were on the slide having having tumbled to the lowest levels since early June...

Brent crude oil and ICE gasoil futures fell for a third straight session to touch levels not seen since early June as...

Energy giant BP has decided to go ahead with the Kaskida project in the US Gulf of Mexico, the company said Tuesday...

US refined product margins could start to see some uptick in the coming weeks as strong refinery run rates start to ease off, spec...

India has seen a shift back towards Middle East crude oil supplies in 2024 but the move could prove short-lived...

Eneos has restated the crude distillation unit at its 129,000 bpd Chiba refinery after an issue this week knocked the site offline, the company...

The cost of operating oil wells in the US is set to fall sharply this year on a combination of greater efficiencies and lower energy costs...

Middle East crude markets extended the sharp July losses Tuesday as the selloff picked up pace into the month end, while the reopening...

Vitol has paid out another bumper bonus pot to its senior staff and traders, as the world's largest oil trading company...

Japan's crude oil imports slipped 12% further in June to the lowest level in four years at 1.91 million bpd, data from the Ministry of...

The US Department of Energy has continued to restock the country's Strategic Petroleum Reserve, booking 4.65 million barrels of...

Angola's oil output recovered almost 3% on the month in June to touch its highest levels in two years as it looks to make use of lifted...

Motiva Enterprises looks to restart its fluidic catalytic cracker (FCC) unit at the Port Arthur refinery later...