Crude Oil News

Crude futures were flat Friday but still sharply lower in a week where OPEC+ announced it would start unwinding production quotas sooner...

Crude oil futures Friday were little changed as benchmarks consolidated most of the gains seen in the back half of the week, although heading for overall...

Benchmark Dubai crude ended the week lower, although staged a recovery after posting four-month lows following a negative reaction...

East of Suez crude prices posted gains for a third session as markets extended the recovery following the early-week slump, with the...

The UK gas terminal in Easington has started receiving natural gas supplies again from Norway around five days...

China's crude oil imports rebounded last month against expectations of more...

Crude oil futures Thursday were climbing higher as benchmarks consolidated the solid price rebound after the early-week OPEC-led tumble...

Crude futures and product prices rebounded Thursday as the European Central Bank cut interest rates for the first time in five years

US net crude imports picked up through April to their highest level since January, with imports on the rise and exports sliding, monthly trade...

Russia continued reducing its oil output in May in accordance with its OPEC+ quotas on production and exports, according to...

Gasoline stocks held in the ARA region sank 10% last week as transatlantic exports picked up, while diesel climbed with part of the Rhine closed...

Indian consumption of both gasoline and diesel soared to new highs last month as a general election...

A tanker carrying around 2 million barrels of US crude has been waiting over a month to discharge at Nigeria's new Dangote...

Capital expenditure in fossil fuel projects, such as oil and gas exploration and production...

Quantum Commodity Intelligence – East of Suez crude prices recovered some lost ground Thursday but oil markets remain cautious, while weak...

Commodities trading house Trafigura reported a sharp fall in earnings in the first six months of its financial year...

Work at a refinery in the Russia's southern Rostov region has been struck again by Ukrainian drones, halting operations at the plant as part...

The OPEC+ producer group has not pivoted in favour of chasing market share over price stability, said Saudi Arabia's Energy Minister...

Adnoc has increased the Official Selling Prices for July-loading crude, with its flagship Murban grade set at...

Saudi Aramco has reduced its Official Selling Price (OSP) for the flagship Arab Light crude loading in July for refiners in Asia, but increased premiums to Europe to reflect...