Crude Oil News

The US Department of Energy has issued its latest tender to rebuild its Strategic Petroleum Reserve...

OPEC and its allies, referred to as OPEC+, cut crude oil production by 110,000 bpd in November, with Iraq making the largest contribution...

A surge in oil and gas earnings helped commodities trader Trafigura book another record year of profits, the company...

Middle East crude prices fell sharply during the week as investors remain unconvinced over the latest package cuts announced by OPEC+, while faltering demand growth...

The massive 650,000 bpd Dangote refinery in Nigeria is expected to receive its first crude cargo on Friday...

Asian crude prices edged up from the previous session's five-month lows on Friday, while...

UAE state-owned renewable energy company Masdar and Austrian energy company OMV have signed an agreement to...

Crude futures and refined products markets moved sideways on the whole Thursday

Australian oil and gas producers Woodside Petroleum and Santos are in discussions over a merger reported to be in the region of...

Indian refined product demand fell last month as diesel consumption slowed on the year, official data showed Thursday...

Crude oil futures were moving higher on Thursday as prices found a support level after slumping to five-month lows in the previous session...

Production from core OPEC members dropped in November, as Iraq and Nigeria saw lower levels as major Gulf producers stuck to quotas...

Asian crude prices slumped to five-month lows Thursday as a week-long relentless selloff continued, a move that has dragged products...

Belgian shipowner Euronav NV has exercised its option to buy a third very large crude carrier (VLCC) from Chinese...

US majors ExxonMobil and Chevron announced new spending plans this week, flush with cash from record earnings...

China's oil demand is expected to peak by the end of this decade, according to the latest estimate from an in-house think tank...

China's crude oil imports continued to fall in November to hit the lowest level in four months as...

Brent futures slumped below $75/b on Wednesday for the first time since the end of June as oil demand...

Crude oil futures Wednesday were again struggling, having hit fresh five-month lows as reverberations from the indecisive OPEC+ meeting...

US gasoline stocks jumped by the most in nine weeks at the end of last month, EIA data showed Wednesday...