Crude Oil News

Crude oil futures opened the week marginally higher as focus pivots back to macroeconomics, in particular the US and the timetable for rate cuts ahead...

Crude futures and European product prices started the weekly broadly lower with attention on next month's OPEC...

Canada's Suncor has begun startup procedures at its 85,000 bpd Sarnia refinery after planned maintenance...

A second drone attack has hit Lukoil's 300,000 bpd Volgograd refinery, with a Sunday attack said to have damaged a crude distillation unit...

Residents of Canada's Fort McMurray oil hub have been put on standby to evacuate as an "out of control" wildfire threatens the city in...

Iraq is onboard with extending OPEC+ production cuts beyond the current quarter, clarifying reports from the weekend suggesting that Baghdad...

Middle East crude opened the week lower as markets caught up with the Brent retreat after Asian markets had closed on Friday...

Money managers appeared to pull back from the crude and refined products markets last week as net positioning showed longs being cut and...

Nigeria's national oil company NNPC has started production at a new oil field in the Niger Delta...

North American drilling activity extended the year's downwards trend with Texas leading the losses...

Nigeria's crude oil output inched higher last month after slumping in March, official data showed Monday...

OPEC+ continued to reign in production during April as Russia started implementing fresh cuts, while Iraq and Kazakhstan also curtailed...

Crude oil futures in Friday were were lower as markets surrendered earlier gains amid a late selloff, although benchmarks just about ended...

Crude futures were flat Friday to end the week where they started as attention turns to next month's OPEC meeting...

S&P Global Commodity Insights has raised its production outlook for Canadian oil sands over the resto of the decade...

The US government has deferred the deadline for companies to return crude loaned from the Strategic Petroleum Reserve (SPR) by up to...

Refined product stocks in EU-16 countries fell during peak refinery maintenance last month...

East of Suez crude prices were steady Friday to close out the week in small positive territory, while the slide in gasoline margins paused...

Quantum Commodity Intelligence – East of Suez crude prices ended the week slightly higher as markets rebounded from near two-month lows...

US oil major Chevron has lost a multi-million dollar insurance claim for crude oil seized by Iran...