Crude Oil News

Goldman Sachs has described the weekend OPEC+ meeting as "moderately bullish" although the final pricing impact...

Middle East crude markets Monday rebounded strongly after Saudi Arabia cut 1 million bpd from July output, while...

Shelter-in-place and evacuation orders have been lifted around the Calcasieu Refining Company's...

Saudi Arabia is set to make further oil production cuts as part of deal reached Sunday, while OPEC+ countries agreed to extend...

Fund managers slashed short positions held in Brent futures contract by 20% in the seven-day...

North American drilling activity shrunk for a fifth consecutive week, falling by the highest number of rigs since September 2021...

Brent crude oil and LSGO futures rallied for a second straight day after the US Congress passed...

ExxonMobil is looking to double yields from its US shale assets over a five-year period utilising new technologies...

The prospect of OPEC+ cuts to crude production propped up prices of Brent and WTI in early...

Brent futures shrugged off another sharp build in US crude stocks Thursday to post its first...

US crude stocks saw another big jump in commercial inventories last week although the rise was slightly smaller than...

US gasoline stocks were largely unchanged last week, delayed EIA data showed Thursday...

Crude oil futures Thursday were slightly lower after the Biden/McCarthy debt-ceiling deal was passed by the House of Representatives...

Brazil's oil product output slumped to two-year lows in April as the effects of government policy shifts on pricing saw...

A US company has launched a protocol aimed at assessing and guaranteeing the integrity of carbon credits...

Reuters has registered its "disappointment" after its journalists were effectively barred from formal proceedings at the weekend's OPEC+ meeting...

Chevron shareholders have rejected a proposal calling for the US oil major to exclude greenhouse gas emissions linked to...

LlyondellBasell has decided to extend the life of its 264,000 bpd refinery in Houston...

Middle East crude markets Thursday extended the week's losses, while naphtha was under pressure after data from China...

The price of gasoline in Nigeria was hiked overnight, sparking panic buying across the country...