Crude Oil News

Several ports in the Indian state of Gujarat have been closed and offshore oil installations evacuated

The crude oil producer group OPEC warned that high inflation and rising interest rates may cause...

Nigeria's oil output rebounded last month as strikes at facilities operated by ExxonMobil ended...

Naphtha prices in Asia have collapsed to their lowest since early 2021 as weakness...

Middle East crude markets were slightly lower Tuesday, consolidating close to monthly lows...

Oil service companies NexTier Oilfield Solutions and Patterson-UTI Energy have held talks over a potential merger in what could be...

QatarEnergy has issued a sell tender for its keenly-watched Al Shaheen grade, with premiums for the Middle East medium sour grade seen...

A committee set up by Nigeria's new government has earmarked $17 billion in revenue from the sale..

More than 900 workers on Norway's offshore oil and gas platforms are threatening strike...

Crude oil futures in European trading hours Monday were trading lower, extending Friday's late sell-off as focus comes back...

Brent crude futures were sharply lower Monday as concerns over the state of the global...

Reliance Industries has suspended exports of diesel and other oil products from India's Sikka...

Azerbaijan's crude oil production tumbled to just 500,000 bpd in May, a level not seen since at least late...

Pakistan has taken delivery of its first discounted Russian crude oil cargo...

Spain's crude oil imports hit a ten-month high in April as the end of seasonal maintenance...   

Iraq's SOMO has slightly lifted Official Selling Prices (OSP) on its key export grade for Asia in July...

Goldman Sachs has cut its forecast for Brent crude oil for December 2023 by $9/b to $86/b...

Middle East crude markets opened the week sharply lower, caching up with Brent losses from...

North American drilling activity shrunk for a sixth consecutive week, something not seen since the summer of 2020...

The US Department of Energy has awarded contracts to purchase 3 million barrels of US-produced...