Crude Oil News

Vietnam's biggest oil refiner Nghi Son Refinery and Petrochemical will further increase its operating capacity to ensure...

Crude oil futures were climbing higher at the start of the week on reports that Russia was set to rein in Q2 production..

Crude prices were back testing recent highs Monday on reports Russia has been forced to reign in oil production...

Iraq's northern oil pipeline that runs via Turkey is likely to remain shut for the foreseeable future with interested parties still unable...

Moscow has ordered Russian oil producers to rein in production with combined output set to be capped at 9 million bpd to ensure...

TotalEnergies was forced to shut a reformer and crude units at its troubled Port Arthur refinery in Texas...

Shell was working to restore power Monday at its Deep Park chemicals plant in Texas...

Middle East oil crude markets opened the week marginally higher as prices consolidated close to 2024 high, while gasoil margins continued to slump...

Ukrainian drone strikes on Russia's oil processing infrastructure resumed over the weekend...

North American oil and gas producers eased back as continued low natural gas prices led to further cutbacks...

Speculative net length in the global crude oil market hit its highest levels since October last week as geopolitical risk and OPEC+ supply...

China's state-owned energy giant Sinopec is aiming to increased the production of refined products by 2% in 2024, despite a drop in 2023 annual profits...

Crude oil futures in European hours Friday were little changed, although the selloff that started Wednesday eroded most of the early-week gains...

Quantum Commodity Intelligence – Crude futures were little moved Friday, ending the week flat as profit-taking and concerns...

The US has urged Ukraine to rein in attacks on Russia's energy infrastructure, with Washington increasingly concerned...

East-of-Suez crude oil prices ended the week marginally higher, although benchmark Dubai eased back from the four-month highs...

East of Suez crude markets eased for a second session Friday to leave prices only marginally higher on the week, while gasoline continued...

ExxonMobil's Gravenchon refinery in Port Jerome is running at around half its capacity after a fire nearly two week ago...

Pemex was forced to close certain units at its 312,5000 bpd Deer Park refinery on Thursday...

Beijing is looking to stabilise domestic crude oil output this year even as more consumption in