Crude Oil News

US commercial crude stocks fell 2.5 million barrels last week as refinery throughput hit its highest level since the start of the year, data from...

East of Suez crude prices Wednesday were slightly lower as weak refining margins again weighed on Q3 demand outlook, while an oversupplied...

The International Energy Agency (IEA) trimmed its forecast for 2024 oil demand growth for the second month...

The CEO of Brazil's Petrobras, Jean Paul Prattes, has decided to step down, the state-ran energy giant said in a statement...

ExxonMobil is restarting its 250,000 bpd Joliet refinery in Illinois after wrapping up scheduled maintenance that started in late March...

US refiner CVR Energy has restarted multiple units at its 74,500 bpd Wynnewood refinery in Oklahoma...

Quantum Commodity Intelligence – A growing gasoil inventory level in Japan underpinned by the short-term supply glut in the Asia Pacific region continued to...

Several oil producers in Canada are pushing for the recently opened Trans Mountain Expansion (TMX) pipeline to tighten up on...

US crude oil inventories posted an unexpected draw for the week ending 10 May, while gasoline stockpiles also eased...

rude oil futures Tuesday were sliding lower as oil markets failed to react to another upbeat demand outlook from OPEC, instead focusing on...

Crude futures fell Tuesday as a bullish OPEC reading for oil demand was balanced against more production misses...

Profits fell more than expected at Brazil's Petrobras in the first quarter, the state-ran company reported Tuesday

QatarEnergy has issued a sell tender for its keenly-watched Al Shaheen grade, with premiums for the Middle East medium sour crude expected to ease...

East of Suez crude prices were steady Tuesday with markets generally lacking direction in the early stages of the week, but the downward...

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

Azerbaijan produced roughly 560,000 bpd of crude oil and natural gas condensates through April, its lowest monthly total in almost...

Kuwait has increased its Official Selling Price (OSPs) for its main export grade loading in June, following Saudi Arabia's decision to...

US tight oil production is expected to reach a six-month high next month as gains in the Permian, Eagle Ford, and Anadarko...

OPEC and its allies reduced output by over 200,000 bpd largely on Russian cuts, but worryingly for the alliance Iraq continues...

Australian oil refiner Ampol will start planned maintenance at its 110,000 bpd Lytton refinery in Queensland in July this year, the company...