Crude Oil News

An unexpected suspension of offshore drilling rigs in Saudi Arabia is having a big knock-on effect on the business of China's state-owned drilling...

Crude oil futures  Friday surged to fresh 2024 highs as an escalation in geopolitical tensions lifted weekly gains to over 5%...

Crude oil futures surged to fresh five-month high Thursday as late rally lifted Brent above $90/b for the first time since October...

A senior US government official said that Washington has not asked India to reduce Russia crude oil imports, but reiterated that unrestricted...

Crude futures were slightly lower Thursday but remained close to recent highs above $89/b as the market weighed...

European natural gas prices have consolidated at the lower end of the recent tight trading range, as the continent emerges from the winter season...

Imperial Oil has begun shutting units at its 120,000 bpd Sarnia refinery for a planned turnaround...

Notional refinery margins for naphtha have dropped to their lowest since last autumn in both Asia and Europe this week

The start of domestic distillate sales from Africa's newest and largest refinery has seen Nigerian...

Middle East benchmark crude posted gains for a fifth session Thursday as Dubai posted fresh five-month highs, while gasoline cracks slipped.

Angola's crude oil output slipped to its lowest since November as the country continues to struggle along near multi-decade lows...

Russia's diesel output fell another 2% in the last week of March, according to national media citing official data...

ExxonMobil expects lower oil and gas prices and downtime at its refineries to squeeze first quarter profit...

Crude oil futures Wednesday climbing higher after markets consolidated the firm weekly gains that have lifted prices to five-month highs...

Crude futures were threatening to break through $90/b Wednesday with OPEC+ supply back in focus...

The OPEC+ Joint Ministerial Monitoring Committee (JMMC) has not recommended any changes to the producer alliance's current production...

Privately-held US crude inventories were up 3.2 million barrels in the week to 29 March as exports slowed and refinery throughput was a touch...

Dubai crude oil prices climbed to five month highs this week, while a tightening in supplies of heavy and medium sour crude...

Exports of crude oil and ultra-low sulphur diesel loadings at its Black Sea and Baltic ports this month...

Middle East benchmark crude posted gains for a fourth session Wednesday as Dubai again outpaced Brent, while gasoil markets caught...