Crude Oil News

The IEA removed a massive 400,000 bpd from its oil demand forecast for the final three months of 2023 on Thursday...

Firefighters were tackling a blaze at Marathon Petroleum's 593,000 bpd Galveston Bay refinery in Texas

Finland's Neste has scheduled a major turnaround at its 200,000 bpd refinery in Porvoo next spring...

Crude oil futures in European trading hours Wednesday were bouncing around five-month lows after benchmarks tumbled more than 3%....

A bullish US stock report helped lift crude and product prices Wednesday, which came shortly after OPEC...

Seasonal gasoline restocking stalled last week as domestic demand hit a four-week high and exports jumped...

Commercially-held crude oil stocks in the US tumbled by over 4 million barrels for a second straight week to hit a one-month...

The EIA has slashed its Brent crude forecast for next year, even with the latest OPEC+ production cuts...

OPEC stuck to its bullish forecast for oil demand on Wednesday, including the first quarter when...

Oil product stocks in Fujairah for the week ending December 11 fell as middle distillate inventory dropped for the first time in five weeks while light-end stocks slid further amid...

Petroineos restarted an unspecified unit at its 150,000 bpd Grangemouth on Wednesday, following maintenance...

Asian crude prices took a massive nosedive Wednesday slumping to fresh five-month lows as the relentless selloff continued, pulling...

Naphtha inventories in Japan fell to a fresh low last week on firm regional demand...

Kuwait has reduced its Official Selling Price (OSPs) for its main export grade loading in January, reflecting the fall in spot premiums...

Crude oil futures Tuesday were in sharp retreat having failed to consolidate earlier gains, as benchmarks retested last week's five-month lows...

Crude slumped to a fresh five-month low Tuesday after a soft US inflation reading added to concerns over 2024 demand...

South Africa's government has backed a decision by state-owned PetroSA to partner with Russia's Gazprombank...

A tanker carrying biofuel feedstocks allegedly owned by ENI and destined for Italy has been attacked by Houthi militants...

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

High-sulphur fuel oil values have firmed in northwest Europe and Asia since China announced new...