Crude Oil News

The International Energy Agency (IEA) projects a global oil surplus of up to 600,000 bpd in 2025, even as demand grows by more than 1 million...

Energy major BP said Thursday it expects direct and indirect emissions from its operations will balloon by a third in 2025...

Nigeria's Dangote refinery will shut its 204,000 bpd gasoline production unit for scheduled maintenance through June, Reuters...

Saudi Aramco has reduced term crude allocations to customers in China for a third month with deliveries to its largest customer set to fall...

Middle East crude prices climbed higher Thursday playing catch-up with Brent, while in the products market distillate margins continued to slide...

Libya's Mabruk oilfield has resumed production after being shut down for nearly a decade, the Government of National Unity (GNU) announced...

Azerbaijan produced 4.5 million mt of crude oil and natural gas liquids in the first two months of the year, with output estimated to have...

Turkey's national oil producer TPAO has agreed to form a joint venture with US shale producer Continental Resources to develop tight oil...

The Department of Interior is seeking to pare red tape that has been weighing down project applications...

US crude oil production may not see another major boom, but it could grow another 1.5 million-2 million...

ExxonMobil plans to raise its liquids production globally to 5.4 million boed by the end of this decade...

Benchmark crude oil futures were sharply higher on Wednesday on strengthening global oil demand prospects, while LSGO cracks slid on promising...

The Canadian province of Alberta and Japan's JOGMEC have signed an MOU to collaborate in various energy-related fields, including ammonia, hydrogen and CCUS...

Brent crude oil futures moved comfortably back above the $70/b level Wednesday as the market waited on the outcome of discussions...

Distillate fuel oil inventories in the United States declined for the second consecutive week last week, according to latest figures published...

The impact of tariff wars that are grating the world's markets currently will likely impact trade growth...

OPEC has maintained its outlook for global oil demand growth in 2025 at 1.45 million bpd, although conceded that a tariff-led trade war...

Middle East crude prices were little changed Wednesday, while the gasoil crack slipped to its weakest against Brent since December...

Diesel production in Malaysia dropped to a three-month low in January, with government figures showing production of the middle...

Middle distillate supply in Japan remained tight as commercial inventories continue to drop against the backdrop of the spring maintenance season...