Crude Oil News

US crude oil stocks posted a much higher-than-expected build for the week ending 9 February, although steep draws in refined products more than offset...

Crude oil futures hours Tuesday were higher as markets maintained the upwards trend seen so far during the first half of February...

Brent crude futures were testing recent highs Tuesday after OPEC maintained its robust oil demand outlook...

US tight oil output slumped in January as the effects of freezing temperatures shut in production at key producing regions, although...

OPEC held its forecast for oil demand growth this year and next unchanged on Thursday...

The Italian government will seek commitments from Vitol on oil supplies and local jobs after the trading house...

QatarEnergy has issued a sell tender for its keenly-watched Al Shaheen grade, with premiums on the Middle East medium sour crude expected...

Middle East oil prices were higher for a fifth session Tuesday as Singapore traders returned from the extended holiday weekend, while the...

Quantum Commodity Intelligence –Indonesia's state-owned energy major Pertamina will slash the refining capacity at its Balikpapan refinery by...

Mexico's state-owned Pemex has had to shut units at its 190,000 bpd Madero refinery because of a gas leak...

Saudi Arabia's trading entity has made its debut trading benchmark crude grades in the Platts MOC North Sea crude window...

Azerbaijan produced 2.5 million mt of crude oil and 1.6 billion cubic metres of natural gas in January, the country's energy minister said...

Crude oil futures Monday were marginally lower as benchmarks eased slightly from the previous session's February highs...

Gasoil and diesel refining margins eased at the start of the week, while backwardation down the curve ticked lower as Brent...

Saudi Arabia Energy Minister Prince Abdulaziz bin Salman said he believes oil demand will remain robust, while highlighting efforts from OPEC to...

Goldman Sachs said Monday that 600,000 bpd of China's forecasted oil demand growth for 2024 is under threat...

Consolidation in the US shale industry is set to continue as Diamondback said it would buy Endeavor Energy in a deal worth as much as...

OPEC and its allies, collectively referred to as OPEC+, reduced crude oil production by a net 340,000 bpd in January, but the figure was still a significant miss...

CEOs of two of the biggest energy majors dismissed reports that oil demand...

North American drilling activity was slightly higher for the first full week of February but are little changed since the start of 2024...