Crude Oil News

Brent crude futures were edging higher as API reported a draw in US inventories, with the market weighing a ceasefire...

Commercial US crude inventories declined for the first time since February as exports remained robust for a second week...

Middle East crude markets were steady Wednesday, consolidating at monthly highs, while distillate cracks bounced to a two-week high...

Japan's gasoline inventories fell to the lowest level since August last week as refinery maintenance curbed output ahead of peak spring...

US commercial crude oil stockpiles fell as did refined products for the week ending March 21, according to the industry...

Six Native American tribes have withdrawn from a federal environmental review of Enbridge's Line 5 pipeline project in Michigan, citing...

Shell plans to grow LNG sales and keep oil output steady as it shifts focus to high-return hydrocarbons and a simplified...

Crude slipped Tuesday as the market weighed more US sanctions on Venezuela and a breakthrough in Russia-Ukraine peace talks...

India's refiners processed a record 5.4 million bpd of crude oil last month as its sector continues to go from strength to strength amid...

The US, Ukraine and Russia have agreed to a ceasefire on the Black Sea that will halt attacks on commercial shipping in the region in a...

Ithaca Energy has struck a $193 million deal to acquire the UK business of Japan Petroleum Exploration, boosting its stake in the...

Gunvor's chief executive warned on Tuesday that the global oil market faces potential oversupply over the year ahead as demand struggles to...

Middle East crude markets posted comfortable gains Tuesday after a US threat to clampdown on Venezuelan exports, while marine fuel...

China's crude oil imports from the West of Suez are expected to spike in April as sanctions on Russian energy trade flows dented cargo...

Crude oil prices rowed back early gains during trading in European hours on Tuesday, dropping back to flat on the day after the US...

The Trump administration has extended the wind-down period for Chevron's E&P activities in Venezuela to 27 May from an earlier target...

Goldman Sachs sees non-OPEC crude production growth contracting by some 300,000 bpd over 12 months...

The US's plans to impose a hefty fee on China-made ships visiting American ports could impact trade in Guyana's and the region...

Crude futures started the week higher as the market weighed Russia-Ukraine peace talks, as well as US tariffs and sanctions...

Countries that buy Venezuelan oil and gas will have to pay a 25% tariff when they conduct deals with US parties from 2 April, President...