Crude Oil News

Crude oil futures in Friday remained under pressure for much of the session, although reports that the OPEC meeting was being switched...

OPEC+ has made another about turn and will now hold its 2 June ministerial meeting in the Saudi capital rather than online, prompting speculation...

The average price for Middle East Dubai crude retreated for the first time this year as concerns over the state of the global economy and oil demand growth...

Pressure ramped up on gasoline this week as rising excess supply looks set to outpace a lacklustre summer driving season...

Quantum Commodity Intelligence – East of Suez crude prices Friday were lower for a second session although Dubai still managed to post a weekly gains, while...

Nigeria's national oil company NNPC has approved ExxonMobil's sale of its shallow-water oil and gas business...

Saudi Arabia is selling a 0.64% stake in its state-owned oil giant Saudi Arabia...

Crude oil futures Thursday resumed downwards trend despite US data revealing a larger-than-expected draw on crude stocks...

UK refinery throughput and gasoline production edged higher in March as crude output started to recover from February's maintenance...

Crude prices shrugged off a sharp US crude draw to end the day lower, while this week's

US commercial crude stocks fell by 4.2 million barrels last week, with the draw landing in the middle of other guesses as domestic crude...

US gasoline stocks jumped more than expected last week as imports topped 1 million bpd for the first time this year....

Goldman Sachs has maintained its mid-term Brent outlook at $75-90/b but remains broadly upbeat on prospects for the oil market...

East of Suez crude prices Thursday were lower as the early-week rally ran out of steam, although that selloff was not enough to halt gasoline...

Brazil's April crude output slipped to its lowest levels in a year, with government data showing crude output tracking a similar slowdown...

US crude oil inventories posted a larger-than-expected draw for the week ending 24 May, while gasoline stockpiles were also down...

Japan's crude oil imports rebounded in April to the highest level since the start of 2024, preliminary trade data showed on Thursday...

Crude oil futures Wednesday initially extended the week's to more than 3%, before the four-session rally ran out of steam as inflationary concerns...

Crude futures slipped Wednesday as attention turned back to oil demand, dragging most product prices lower on the day...

Two North Sea pioneers are set to offload further assets off the UK coast, with independent producer Viaro Energy set to snap up around...