Crude Oil News

US commercial crude oil inventories were up last week while gasoline stocks saw a big drop, according to figures from the American...

Occidental Petroleum (Oxy) sees extracting remaining oil reserves, known also as enhanced oil recovery (EOR), in both shale...

South America's nascent oil producer Guyana has begun reviewing a proposal to send its domestic crude...

US crude oil production growth will likely slowly decline and output reach a plateau later this decade, according to ConocoPhillips...

Crude oil futures were nudging higher but Brent remained around the $70/b mark on Tuesday as US tariff policy continues to...

Alberta is exploring ways to increase its crude pipeline capacity to 6-7 million bpd by 2028-2030, according to the province's minister...

Benchmark crude oil futures edged higher on Tuesday, supported by a weaker dollar that improved demand prospects, while LSGO cracks...

Kuwait's crude production capacity is expected to rise to 4 million bpd by 2035 from its current level of...

The investment arm of the UAE's Adnoc will make significant investments in US natural gas this year via its XRG investment arm...

Middle East crude rowed back Tuesday to leave prices just above multi-year lows, while gasoil cracks continued to slide as peak winter...

Indonesia plans to build multiple new oil refineries with a total capacity of 1 million barrels per day, doubling previous targets, Energy Minister...

Crude prices are likely to move in the $60-$80/b range during 2025 with prices moderated by global trade concerns and slower growth...

Inflation will be elevated over the next six to nine months and this pressure will come mainly from a shortage...

Benchmark crude oil futures opened the week lower as markets continued to weigh the implications of Washington's hawkish trade...

Crude oil futures staged another volatile session Monday with Brent slipping back below the $70/b mark...

Alberta's premiere Danielle Smith expects another 2 million bpd of new exit capacity for crude produced...

Officials in Iraq are targeting a March restart of crude exports via the troubled Kirkuk-Ceyhan pipeline, although complications could still...

Middle East crude prices continued to pull away from recent multi-year lows although trading activity remains cautious, while there...

US Energy Secretary Chris Wright said the country's shale sector can continue expanding even if crude prices drop to $50/b...

US President Donald Trump said he is "strongly considering" imposing broad sanctions and tariffs on Russia, escalating pressure on Moscow...