Crude Oil News

US commercial crude oil inventories retreated for a third consecutive week despite a narrowing in net imports and lower throughput rates...

TotalEnergies has agreed to sell its 10% stake in oil and gas assets in Nigeria for $860 million to Chappal Energies...

Iran has been plotting a revenge attack on former President Donald Trump in retaliation for the 2020 that killed top Iranian general...

Middle East crude extended the early-week losses Wednesday although the selloff showed signs of slowing, while weakness in the middle...

Saudi Arabia's crude exports jumped back above 7 million bpd in May, its submission to JODI showed Tuesday...

Russia will make additional cuts in crude oil output this summer and next to compensate for overproduction against its OPEC+ quota...

US crude oil inventories posted a third consecutive draw for the week ending 12 July, while gasoline moved in the opposite direction...

ExxonMobil was forced to shut its 250,000 bpd Joliet refinery in Illinois after a heavy storm caused power loss in the area late Monday...

China's diesel output further slipped in June to a level last seen during the Covid-era when the country was still...

Crude oil futures Tuesday were sliding lower as concerns over broader economic growth offset increasing prospects for a...

Crude and oil product prices fell again Tuesday as concerns over Chinese oil demand continued to weigh on sentiment...

Canada's Suncor initiated an incident response Tuesday at its 85,000 bpd Sarnia refinery because of heavy rainfall and a potential oil spill...

Global air passenger numbers are expected to grow by 10% in 2024, according to industry association IATA...

Naphtha east-west spreads have flattened with Asia looking increasingly well-supplied...

Middle East crude extended the early-week losses Tuesday, broadly following global benchmarks, while the diesel EFS has crept higher and...

TotalEnergies sees upstream output at the higher end of its second-quarter guidance, the company said Tuesday...

Indonesian state-backed energy major Pertamina is on track to bring the crude distillate unit at its Balikpapan refinery back online later...

TotalEnergies has been forced to close its troubled Port Arthur refinery in Texas because of a loss of steam...

India's second-largest oil refiner Nayara Energy is set to wind down operations of several units at its Vadinar refinery for maintenance...

An oil tanker has capsized off the central coast of Oman with 16 crew members reportedly missing, although the reason for the...