Crude Oil News

East of Suez Dubai crude benchmark retreated for the first time in seven sessions and dropped below Brent for the first time in six weeks, while...

Angola has threatened to pull out of a deal with US-based consortium Quanten to build a new 100,000 bpd refinery...

Gasoline from the 650,000 bpd new Dangote mega refinery in Nigeria is not expected to reach the domestic market...

Crude futures surrendered early gains Wednesday after a surprisingly bearish EIA report...

US diesel stocks rose for the third straight week at the start of June even as implied demand rebounded...

Crude oil futures Wednesday surrendered earlier monthly highs after a bearish EIA report  offset the bullish outlook from OPEC...

US commercial crude oil inventories posted an unexpected increase last week as imports reached multi-year highs to meet healthy refinery utilisation rates...

Oil production from the giant Permian Basin is set to grow another 7.5% this year and a further 5% in 2025...

Spain ramped up crude imports in April to its meet its rapidly growing product demand

Quantum Commodity Intelligence – Middle East oil crude markets were higher for a sixth...

Azerbaijan's crude oil and natural gas condensate output continued to...

The IEA warned oil companies and OPEC Wednesday of a massive looming oil supply surplus...

US crude oil inventories posted a larger-than-expected draw for the week ending 7 June, while stockpiles of gasoline were also lower...

Quantum Commodity Intelligence – Japanese refiners continued to cut crude throughput during the week ending 8 June amid...

Crude oil futures Tuesday were edging higher as markets extended the firm gains made since the middle of last week, rebounding from...

The US EIA expects US crude oil production to grow steadily for the balance of 2024 and into 2025...

Quantum Commodity Intelligence – Crude futures firmed for a second consecutive session Tuesday as OPEC maintained its bullish view on oil demand...

Volumes of crude oil and refined products shipped via Africa's Cape of Good Hope have soared by 50% in the first five months of 2024...

Refined product stocks in EU-16 countries fell over the month in May as seasonal refinery...

Azerbaijan's crude oil and natural gas condensate production continued to slide over the first five months of the year to 12 million mt...