Crude Oil News

Crude oil futures Monday were lower after US Treasury Secretary Janet Yellen said that a recession for the US was "not completely off the table"...

Crude and oil products shrugged off disappointing economic data from the US and China...

Enoc has signed has signed a long-term condensate supply agreement with QatarEnergy to supply feedstock for its condensate splitter...

Austrian refiner OMV has become the latest oil company to cut its earnings guidance for its products business...

A delayed oil and gas production deal between Iraq and TotalEnergies has got the green light after two years of...

The Asian Hi5 cargo spread continued its slide on Monday, narrowing to its tightest levels in 21 months with the...

Brazil's refiners continued to increase oil product output in May, with diesel, gasoline and fuel oil output all jumping...

North American drilling activity posted an overall gain for the first time in 10 weeks, led by a surge in gas rigs...

tate-owned Pemex said around 700,000 barrels of oil production was shut-in after a deadly...

Traders trimmed short positions in the days leading up to production cuts announced by Saudi Arabia

Middle East crude prices maintained July's strong uptrend and hit a fresh two-month high Monday, while the tight supply...

The US Department of Energy (DOE) announced late Friday that it will purchase a further 6 million barrels of oil for the SPR...

Crude oil futures Friday were higher as benchmarks consolidated at the upper end of the two-month range, as Brent managed to hold above $77/b...

Crude continued to push higher at the end of the week, touching a one-month high during Friday's session as the...

German investment bank Commerzbank has revised downwards its forecast for the Brent crude oil this year and next, as market sentiment will remain bearish...

Benchmark Dubai prices increased by around 3.5% over the week as East of Suez markets showed clear signs of strengthening after Saudi Arabia...

The Democractic Republic of Congo (DRC) has postponed an auction of oil concessions in the key peatland basin...

Middle East crude prices maintained the week's positive trend, hitting a two-month high Friday and pulling further...

Refinery capacity in the US increased this year for the first time since 2020...

South Korea has removed import tariffs on naphtha, as well as crude oil for processing to make naphtha...