Crude Oil News

Crude oil futures in European trading hours Friday rallied sharply from the opening as US and UK forces launched multiple strikes against Houthi-controlled areas...

Oil prices surged higher Friday as Asian markets woke up to the news of US-led strikes against Houthi militants, with that move having big...

Spain's diesel imports were sharply higher in November as domestic production fell 4% on the year...

The strikes carried out by the US and UK military against Houthi militants in the early hours of Friday lifted oil prices by 2%...

OPEC and its allies, collectively referred to as OPEC+, increased crude oil production by a net 130,000 bpd in December, with Iraq and West African countries...

China's oil product imports surpassed exports in December despite a rebound in crude imports during the month...

A top trade official in China has opened the door to Saudi Aramco for further investment in the country during a meeting on Thursday...

Crude oil futures Thursday were higher on reports of a major shipping incident off the coast of Oman, in which a crude oil tanker was seized...

European diesel and gasoil refiner margins rose for a fourth straight session on Thursday, reaching two-week highs as tensions...

Gasoline stored in the ARA region fell for the sixth straight week to a fresh 25-month low on firm export...

Azerbaijan produced 30.2 million mt of crude oil and natural gas condensates during 2023, down 7.4% on the year as OPEC+ quota allocations...

Vietnam's crude oil and refined product imports picked up during December as fortnightly customs figures published Thursday showed around...

An alert issued by the UK Marine Trade Operations (UKMTO) agency Thursday, advising shipping to proceed with around the northeast coast of Oman, took an unusual twist...

Norway's upstream regulator has forecast a sharp drop in oil output this year after a big 2023,

Asian crude prices were slightly lower Thursday as global oil markets were rocked after the huge builds in US refined product inventories...

Shipping costs for the largest class of oil tankers have started 2024 with a bang with the cost chartering a VLCC on US Gulf-Asia routes soaring around 20%...

Higher middle distillate stocks in Japan led a strong rebound of product stocks across the country despite lower...

Crude oil futures fell in late trade Wednesday after the EIA showed a surprise build in US stocks and another large build in products...

Brent crude futures were dragged lower Wednesday after the latest EIA data revealed a surprise build...

US crude oil inventories edged higher last week as a build in privately held crude inventories were offset by a small fall in WTI stocks, figures...