Crude Oil News

Benchmark Middle East crude markets slumped almost 5% Tuesday as investors continued to react negatively to the weekend OPEC+...

OPEC's crude output in May edged higher as the producer group continued to overshoot against production targets...

The US Department of Energy (DOE) has added another 3 million barrels of crude oil to its Strategic Petroleum Reserve (SPR)...

Crude oil futures Monday were sharply lower as investors shrugged off the OPEC+ extension to current output quotas, instead focusing on...

Crude futures sank Monday after OPEC+ extended its current production quotas until at least October but said...

Oil product loadings from the Russian Black Sea port of Tuapse are seen down as much as 60% from May schedules this month...

Oil output in the Canadian province of Alberta dipped below 4 million bpd in April, official data showed Monday...

Abu Dhabi's state-owned oil company has bought tanker shipper Navig8's fleet and operations, paying up to $1.5 billion as it expands its...

Middle East crude prices started the new month marginally lower as the weekend's OPEC+ meeting did little to move the needle either...

ExxonMobil was restarting an unspecified unit Monday at its Gravenchon refinery on French Atlantic coast...

TTF natural gas futures surged 12% in early trade Monday after Norway's exports to Europe...

North American drilling activity was unchanged on the week despite the giant Permian Basin surrendering two more units, according...

South Korea has announced a potential huge oil and gas find off its eastern coast, which if realized will be a gamechanger...

A fire at Lukoil's Ukhta refinery in northwest Russia that killed two workers and severely injured at least one more on Sunday...

PBF Energy reported a fire at its 160,000 bpd Torrance refinery in California over the weekend

The weekend's OPEC+ meeting presents downside risk to Goldman Sachs' Brent outlook price of $75-$90/b after the producer group...

Quantum Commodity Intelligence – Money managers raised stakes on their speculative bullish positions in the crude oil market last week amid...

OPEC+ will continue to implement most production quotas until the end of this year and will extend some cuts well into 2025...

Below is a list of monthly averages for key Quantum refined oil product spot physical assessments

Crude futures fell Friday to end the week broadly unchanged at around 3.5-month lows...