Crude Oil News

Fuel oil output in China further dropped in May as domestic refiners continued to...

US crude oil inventories posted an unexpected build for the week ending 14 June, while gasoline stocks were lower...

Quantum Commodity Intelligence – Naphtha stocks in Japan further grew last week as the ongoing cracker turnaround season continued to stifle demand for...

Japan's crude oil imports last month plunged more than 16% compared to the previous to just 2.17 million bpd, the lowest...

Crude oil futures were climbing higher Tuesday, as benchmarks extended the two-week rally to post June highs on renewed demand...

Brent crude futures were trading above $85/b Tuesday for the first time since late April on growing expectations...

Kazakhstan's crude oil output slipped to a nine-month low in May as the country looks to scale back production as part of its OPEC quota...

A power failure at Norway's key Nyhamna gas plant in the North Sea has reduced processing by just over 40%...

Brazil's state-run Petrobras has settled a long-running dispute with national tax authorities at an estimated cost of BRL 19.8 billion...

A militant group opposed to Niger's ruling junta has claimed responsibility for an attack on the recently-opened oil pipeline...

East of Suez crude markets opened the shortened trading week higher, while jet fuel east-west price arb reached the widest...

Saudi Arabia's crude exports fell below 7 million bpd in April as the Kingdom ramped up refined product...

Shell has agreed to buy Singapore-headquartered Pavilion Energy from its parent company Temasek

The US unit of trading giant Trafigura has agreed to pay $55 million to settle a case with regulator the CFTC...

QatarEnergy has awarded its monthly Al Shaheen tender for August, with premiums retreating for a second month as poor refining margins...

Crude oil futures in Monday were climbing higher with benchmarks extending the previous week's solid gains...

Crude and oil product prices were higher Monday as the market shrugged off weak Chinese data with distillate markets...

Asia commentary and pricing are suspended Monday due to the Singapore holiday...

An area of low pressure in the southern Gulf of Mexico has been given a 70% chance of developing into a storm this week...

The US is prepared to release crude oil from the Strategic Petroleum Reserve as a counter to higher gasoline this summer if needed...