Crude Oil News

Crude oil futures opened the week sharply lower, posting fresh multi-year lows after the OPEC+ announced another steep increase in June...

Brent crude fell below $60/b on Monday as OPEC+ output increases and broader economic concerns pressured prices in a quiet trading session...

West Africa's newest crude oil play, the Sangomar project offshore Senegal, saw a record four 950,000-barrel cargoes sold in April...

A fire was reported Monday at Valero's 170,000-bpd Benicia refinery in California, with smoke visible in the area...

Developing oil and gas production in the Gulf of Mexico (GOM) will be critical for domestic supply as the...

Global energy giant Shell is weighing up a potential acquisition of its beleaguered rival BP, according to a report published by Bloomberg...

Saudi Aramco has increased the OSP for its flagship Arab Light crude loading in June, reflecting the slightly higher spot premiums...

Benchmark Dubai slipped for a seventh consecutive session and dropped to fresh multi-year lows, but marine fuel cracks enjoyed...

OPEC+ could unwind the full volume of 2.2 million bpd worth of voluntary cuts by Q4vof this year, according to a Reuters report citing OPEC+...

Goldman Sachs has lowered its expectations for crude oil prices in the short term as the latest output hike decision from OPEC+ sparked...