Crude Oil News

More than 3,000 construction workers in the UK energy sector, including contractors at four oil refineries...

State-owned Petroecuador will wind down production at a major oil block in the Amazon rainforest till

The US DoE has purchased just 1.2 million/b of crude in its latest tender to replenish the SPR...

US output of tight oil in its major producing regions is set to slip in December from an all-time high that it touched in October as output gains...

South Korea's largest oil refiner SK Energy has agreed to spin off its crude oil operation and shipping arm to set up...

Crude oil futures inched higher on Monday as OPEC's monthly oil report lifted sentiment...

Crude oil futures Monday were nudging higher as buyers looked to put a floor under the bearish trend, which initially extended into a fourth week...

Pricing and market commentary for Asia are suspended Monday, 13 November, for the Singapore holiday...

Demand for oil products in Spain, such as gasoline, diesel and jet, fel...

OPEC has increased its forecast for crude oil demand in the fourth quarter...

Nigeria's oil output reached its highest since the start of 2022 last month...

Investors trimmed bullish bets on ICE Brent and gasoil again last week, adding to the recent sell-off...

The restart of Iraq's northern oil pipeline that runs via Turkey moved a step closer over the weekend after Iraq's Oil Minister...

Kuwait's Al Zour refinery is restarting on Monday after a malfunction at the giant 615,000 bpd plant forced production...

North American drilling activity eased for a second week as the year's downtrend resumed following a brief respite during October...

Crude futures were higher Friday but still racked up another 5% loss on the week as attention...

Petrobras' next five-year plan could include $100 billion in new and existing investments...

Crude oil futures in early European trading hours Friday were cautiously higher as Brent consolidated around the $81/b mark...

Output from OPEC+ members posted another monthly increase in October despite continued additional voluntary cuts from its two largest producers...

Asian crude oil markets were sharply lower over the week as focus switched to concerns over a slowdown in demand growth heading into the new year...