Crude Oil News

Speculators' bullishness over the crude oil market pulled back last week as traders slashed long positions and build up fresh shorts amid a...

Asia commentary and pricing are suspended for the Lunar New Year holiday in Singapore. A normal publishing schedule will resume on 13 February...

Brent crude futures consolidated recent gains on Friday, recouping nearly all the previous week's losses as hopes...

Middle East crude prices trended higher over the week amid faltering ceasefire talks, while continued Red Sea shipping disruptions...

Production at Norway's giant Johan Sverdrup crude oil field will hold at the current levels elevated levels for around another year before easing slightly.   ...

Crude oil futures in European hours Friday were little changed, largely consolidating the week's firm gains after rallying 3%...

Brazil's Petrobras reported another jump in quarterly output Friday on the back of its prolific pre-salt assets...

Vitol has reportedly offered to buy-out the Morrati family of its 40% stake in Italian refiner Saras...

A 130,000 bpd refinery in southern Russia has suffered a fire after being hit in an overnight drone attack, the latest in a series of...

Middle East oil prices were higher for a fourth session Friday, cementing the week's solid gains, while east-west spreads for middle distillates...

Restocking of the US' Strategic Petroleum Reserve (SPR) is set to continue, with the Department of Energy (DOE) saying Thursday it is looking...

Crude and product prices were higher Thursday as Hamas-Israel peace talks stalled, while support carried over...

Crude oil futures Thursday were around 2.5% higher as the week's firm trend continued, underpinned by stronger refined products and faltering ceasefire talks...

US Independent producer Devon Energy has made moves to acquire fellow independent driller Enerplus...

Gasoline stocks in the ARA region climbed another 13% this week amid reports of increased blending demand for exports...

Germany is reportedly considering nationalising Russian energy company Rosneft's...

Shipping giant A.P. Moller-Maersk said the current rerouting of its fleet to avoid using the Red Sea will likely last at least several more weeks...

Port workers at the Sullom Voe oil terminal in the North Sea have voted for strike action...

Gasoline and diesel prices in the Chicago region have jumped sharply higher after it emerged the Midwest's...

TotalEnergies has shut its 238,000 bpd Port Arthur refinery in Texas just a few days after it restarted...