Crude Oil News

European diesel cracks hit fresh three-month highs Wednesday, helped by lower crude and a fall in US distillate inventories...

US refiner Phillips 66 plans to cease processing crude oil at its 120,000 bpd refinery in Rodeo, California...

Crude oil futures Wednesday were in retreat after weak data from China weighed on markets, but benchmarks were heading for the first monthly gains since...

US crude oil stocks at the delivery hub for the WTI futures contract tumbled again to hit a two-month low at the end of January...

US gasoline stocks climbed for the fifth straight week as supply rebounded after freezing weather, outpacing higher domestic demand and...

QatarEnergy has announced a number of engineering contracts that will boost production at the offshore Al Shaheen oil field...

Brazil's Petrobras has targeted an additional 290,000 bpd of ultra-low diesel production by the end of the decade...

Asian crude prices were slightly higher on the day Wednesday as benchmark Dubai registered the sharpest monthly gains since September...

A hedge fund operated by high-profile manager Pierre Andurand continued to struggle during the second half of 2023...

The United States' Department of Energy (DOE) is looking to buy another 3 million barrels of crude as it slowly restocks its Strategic Petroleum...

ExxonMobil will shut two of its five European refineries for scheduled works this Spring, removing around 320,000 bpd of combined...

Middle distillate stocks in Japan continued to fall for the week ending January 27 amid a surge in gasoil exports underpinned by...

US crude oil stocks posted a slightly larger-than-expected decline for the week ending 26 January, while refined products...

The US will not renew sanctions relief provided to Venezula's oil and gas sector when it expires in April...

US refiner Marathon expects a heavy maintenance schedule to support Q1 margins during the shift to summer-grade gasoline...

Diesel led European product prices lower Tuesday as concerns over Chinese demand...

Crude oil futures Tuesday were climbing higher, albeit amid choppy trade, as turmoil in the Middle East was tempered in part by concerns...

The Trans Mountain Expansion (TMX) pipeline will face a further delay before the first crude exports start loading from the Canada's Pacific coast...

Global diesel deliveries scheduled for February delivery in Europe are set to drop by more than half on the month...

Dutch bank ING has trimmed its oil price forecast for 2024 as strong supply growth from the Americas and Norway will match only modest demand growth...