Crude Oil News

Houston-based Elemental Fuels has set a 2027 target to start operations at a new hydrogen-powered 160,000 bpd refinery in Brownville...

OPEC has stuck with its upbeat outlook on 2024 demand, seeing growth at 2.25 million bpd for this year and 1.85 million in 2025...

Middle East oil crude markets were higher for a fifth straight session Tuesday, catching up with solid Brent gains since the previous Asia...

OPEC and its allies trimmed output in May as Russia and Kazakhstan reigned in production, but increased output from Iraq and Nigeria left the group pumping...

Crude oil exports from Saudi Arabia to China are expected to drop further next month as Chinese refinery run cuts...

Australia's Woodside Energy announced Tuesday it has achieved first oil production from its Sangomar oil project off the coast of Senegal...

Crude oil futures Monday were climbing higher as benchmark continued to claw back post-OPEC+ meeting losses, with analysts forecasting a supply deficit...

A new EU Parliament looks set to favour e-fuels and prolong the life of the internal combustion engine in road transport after right-wing...

Brent crude futures were trading back above $80/b Monday as benchmarks clawed back post-OPEC meeting losses...

New Zealand is set to scrap a 2018 ban on new oil and gas exploration amid concerns over its energy security...

Indonesian oil refiner Pertamina was heard looking for spot deliveries of 800,000 barrels jet fuel via a tender on Monday in yet another...

OPEC+ continued to rein in production during May as Russia and Kazakhstan curtailed output, although Iraq again failed in its pledge...

US driller Noble Corp has agreed to buy Diamond Offshore and a cash-and-stock deal worth around $1.6 billion...

A fresh bout of heavy rains in Germany are set to close shipping once again on parts of the Rhine, but slightly less than previously forecast...

North American drilling activity slumped to the lowest levels since early 2022  as drillers continue to focus on the higher-yielding wells...

Middle East oil crude markets opened the week marginally higher, posting gains for a fourth session, while jet fuel cracks edged to a...

US investment bank Goldman Sachs expects an oil supply deficit of up to 1.3 million bpd by the third quarter of 2024...

The US has pushed through a law aimed at increasing the fuel efficiency of new vehicles sold in the country...

The US Department of Energy (DOE) returned to the market with its latest tender to secure crude oil as it continues to buy back inventories...

Speculative bets on a bearish move in Brent crude oil spiked last week even as...