Crude Oil News

East of Suez crude oil prices were slightly higher during the first week of March having flatlined during the second half of February, as continued...

Spain's Cepsa reported a full-year loss Friday as windfall taxes and the decision to divest most of its upstream...

A power failure has shut multiple units at the West Plant of Valero's 370,000 bpd Corpus Christi refinery...

Marathon Petroleum has restarted multiple units at both its Galveston Bay refinery in Texas and LA refinery...

Middle East oil prices finished the week on a firm footing as benchmark Dubai printed a 2024 high...

The German economy ministry has extended its trusteeship over Rosneft's German assets for a third time...

OPEC and its allies, collectively referred to as OPEC+, failed to fully implement fresh 2024 production cuts for a second month in February...

Chinese state-owned China National Offshore Oil Company (CNOOC) has unveiled a new oil reserve discovery containing...

Quantum Commodity Intelligence – Brent crude futures dipped on Thursday as investors weighed strong Chinese demand at the start of the year...

Sharp builds in jet and fuel oil helped push ARA stocks higher this week...

Crude oil futures Thursday were slightly lower as benchmarks struggled to consolidated the previous-session's gains...

Saudi Arabia has transferred a third tranche of shares in energy giant Saudi Aramco from state ownership to PIF...

The Department of Energy has issued its latest tender to resupply the Strategic Petroleum Reserve (SPR) as is looks to secure 3 million...

An extension of OPEC+ crude oil output cuts a further six months could see oil...

Middle East oil prices edged higher Thursday for a second session as Dubai consolidated close to 2024 highs, while high sulfur fuel oil margins...

One Iran's largest refineries, located at Banda Abbas in the south of the country, has been rocked by a blast...

BP has announced plans to shut or convert several units at its Gelsenkirchen refinery next year that will reduce processing capacity by around a third...

TotalEnergies was restarting multiple units Thursday at its 216,000 bpd Donges refinery on the French Atlantic coast...

ExxonMobil has started the legal progress in a bid to acquire the rights to Hess's prized assets in Guyana...

Quantum Commodity Intelligence – China's crude oil imports in the first two months of 2024 rose slightly year on year while...