Crude Oil News

US commercial crude oil inventories dropped last week amid stable output while imports scaled back from the multi-year highs...

Explosions were heard overnight at the 120,000 bpd Afipsky refinery in Russia's southern region of Krasnodar Krai in what appears to be...

Growing energy demand in non-OECD countries meant global fossil fuel usage hit a record high in 2023 despite decarbonisation efforts that...

Gasoline held in the ARA region eased after last week's sudden jump, dragging naphtha sharply lower...

The European diesel market appears ready to absorb fresh supplies once again with import arbs from both USG and east of Suez...

Benchmark Dubai posted fresh seven-week highs on Thursday following the broader oil momentum, with gasoil margins firming to a fresh...

Ecuador has been forced to suspend operations at multiple oil wells in central and eastern parts of the country...

Norway's crude oil output slipped 8% on the month during May to an eight-month low, in line with government forecasts as spring field...

Citgo has reported flaring and emissions above reportable levels at its 175,500 bpd Corpus Christi refinery...

Nigeria has shut in up to 40,000 bpd of oil production after an oil spill at Nembe Creek in the increasingly hazardous Niger Delta...

China's crude oil imports from Malaysia in May jumped to the highest level in seven months while Russia remained the top crude supplier...

Crude oil futures Wednesday were consolidating at multi-week highs on hopes of a demand-led recovery, while geopolitical tensions...

Crude shrugged off a bearish API stock report to consolidate recent gains Wednesday...

The Trans Mountain Expansion (TMX) pipeline will tighten specifications on the quality of crude allowed through the pipeline to make...

The US National Hurricane Center has declared the first named storm of the 2024 season, with Alberto upgraded...

Shell has been forced to close a diesel-making hydrocracker at its troubled 400,000 bpd Pernis

East of Suez crude prices maintained the solid upward trend Wednesday but benchmark Dubai continued to struggle in relation to Brent...

US refinery capacity increased by 2% or 324,000 bpd in 2023, the EIA said Wednesday

Production has fully resumed from the North Sea Buzzard oil field, following a three-week unscheduled outage...

ExxonMobil has been forced to shut different units at its Baytown and Beaumont refineries in Texas amid reports of flaring and related...