Crude Oil News

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...

The brief rebound in Asian crude prices came to a halt Tuesday but of more concern for producers will be the crunch in market structure, a...

The wave of consolidations in the US shale belt continued Tuesday as it was announced Occidental Petroleum had agreed to buy rival Crown...

Venezuela's President Maduro will seek a peaceful and diplomatic solution to its border...

Crude oil futures Monday were higher following a late rally after benchmarks initially struggled to consolidate the previous session's cautious recovery...

Brent futures dipped on Monday as investors weigh the likelihood of an oil supply surplus next year...

The OPEC+ producer alliance will have to maintain supply discipline throughout 2024 in order to keep global oil markets balanced...

China's state-owned energy major CNOOC has started building the biggest underground commercial crude oil storage facility in the country as...

OPEC+ crude production eased in November as several members of the group that had be productizing above agreed quotas trimmed output...

Vietnam's oil product imports slipped to a 15-month low in November as diesel demand dropped into the year-end, with gasoline...

Seasonal restocking accelerated last month as European refineries ran more crude after a heavy...

North American drilling activity edged higher for a fourth consecutive week although the gains were again modest...

US producer Occidental Petroleum has agreed to buy the independent shale driller CrownRock...

Fitch Ratings has raised its oil price forecast for 2024, making a case that tightening OPEC+ discipline will keep markets in deficit...

Asian crude values increased for a second session as East-of-Suez markets continued to pull away from recent five-month lows Monday, while demand from...

Combined net length on WTI and Brent futures sank to their lowest in more than ten years in the aftermath...

UN negotiators continued to whittle down, or in some cases ramp up, the number...

Crude oil futures Friday were higher having rebounded from the previous-session's five-month lows...

Brent futures were trading higher Friday, but ended the week sharply lower on concerns over next year's