Crude Oil News

Speculators continued to roll back their bullish positions in the crude oil futures market last week amid rising optimism about a truce for...

US drilling activity increased for a fifth consecutive week, the longest winning streak since May 2022, according to the latest report...

Venezuela was among the top five suppliers of crude oil to US refineries last year, most of which was...

Annual crude oil production set a record in 2024, averaging at 13.22 million bpd, after holding above the 13-million-bpd mark for most of...

Benchmark crude oil futures ended the week sharply lower on Friday as markets weighed the implications of Washington's latest tariffs on...

Crude oil futures Friday were trending lower with the threat of a tariffs-led global trade war dampening sentiment...

Russia's oil giant Lukoil on Friday dismissed reports that two of its employees had been forced to leave Romania...

Crude throughput on the Shell-operated Mars Oil Pipeline Company system recovers in December to a ...

Middle East crude resumed the downward trend over the past week, although benchmark Dubai continued to outpace Brent massively...

Iraq's government said Kurdish oil exports via the Ceyhan pipeline were set to resume...

Tightness in Asia's HSFO market persisted as the paper curve steepened to its highest in multiple years, even as spot prices and cracks softened from recently elevated levels...

Dubai crude posted a strong finish on the final session of February, while marine fuel cracks held at eight-month lows....

Mexico's Pemex hopes to restart production at nearly half its offshore rigs by the second half of the year

Demand for refined oil products in Japan declined in January, falling below year-ago levels as sluggish naphtha and gasoline sales weighed...

Saskatchewan's premier will consider permits sought for pipe projects through the Canadian province...

Eni kept output steady in the fourth quarter, but refining and LNG earnings took a hit as weaker margins eroded profitability...

Benchmark crude oil futures rebounded on Thursday as Venezuelan exports were targeted in Washington's latest orders, while LSGO cracks...

Brazil's Petrobras has slashed the amount of money paid out to investors after it swung to a surprise loss in the fourth quarter...

Oil product deliveries in the UK were slightly higher over the year in 2024, official data showed Thursday...

President Donald Trump plans to up the tariff rate on Chinese goods entering the US to 20% from next...