Crude Oil News

European gasoil and diesel refining margins eased at the start of the week after touching three-week highs at the end of last week...

Azerbaijan produced 7.3 million mt of crude oil during the first three months of the year, equivalent to around 585,000 bpd and down...

raq's State Oil Marketing Organization (SOMO) has lifted Official Selling Prices (OSP) on its key export grade for Asia in May...

Goldman Sachs said Monday that Brent crude prices are unlikely to reach $100/b in the near term, with most of the upside risk already...

Refinery operations at another Russian refinery were halted over the weekend as widespread flooding across the region stopped work...

Mexico's Pemex has activated emergency protocols at one of its oil production platforms in the offshore Cantarell production complex...

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

ExxonMobil's 191,000 bpd refinery at Botlek Rotterdam was hit by a naphtha leak during the planned restart of the...

Middle East oil prices opened the week lower amid ceasefire talks on the Gaza conflict, while marine fuel remained under downwards pressure after...

North American drilling activity eased for a third consecutive week, albeit marginally with gas drill rigs accounting for the losses...

Net speculative length on the world's two most liquid crude oil contracts surged to...

Quantum Commodity Intelligence – Brent crude notched up another weekly gain with prices through $90/b Friday for the first time since last October...

Trading giant Trafigura has announced a management shakeup after two long-standing executives announced retirement plans...

East-of-Suez crude oil prices ended the week sharply higher as benchmark Dubai surged to five-month highs on escalating geopolitical tensions...

Saudi Aramco has increased its Official Selling Price (OSP) for the flagship Arab Light crude loading in May...

Middle East benchmark Dubai crude surged past $90/b Friday for the first time since October, while gasoline margins remained under downward...

Quantum Commodity Intelligence – Indonesia's crude oil and natural gas output in the first quarter of this year dropped below...

The world's largest LNG trader Shell said it expects sharply lower earnings from the unit in the first quarter...

TotalEnergies began restarting an unspecified unit Friday at its 216,000 bpd Donges refinery on the French Atlantic coast...

The 2024 Atlantic hurricane season is expected to bring high levels of storm activity as the La Niña weather system fuels record sea temperatures...