Crude Oil News

Asia crude oil prices rebounded strongly Thursday but premiums for physical cargoes remain under pressure, while that...

Cosmo Oil has shut one of two crude distillation units (CDU) at its 177,000 bpd Chiba refinery...

At least 370,000 bpd of oil and gas output has been curtailed by wildfires in the Canadian province of Alberta...

Saudi Arabian Oil Co. has appointed new presidents for both its upstream and downstream businesses, in a move that some Saudi watchers believe...

Crude oil futures Wednesday rebounded strongly on hopes the US will reach agreement on debt-ceiling levels, as markets shrugged off...

Crude oil prices neared their highest level in a week on Wednesday as hopes of another postponement of US debt...

A fire has broken out Valero's 370,000 bpd Corpus Christi complex in Texas...

US commercial crude oil stocks jumped 5 million barrels in the week to 12 May, hitting a five-week high of...

A fall in diesel stocks was matched by a similar build in jet fuel last week to keep US distillate inventories stable...

China's crude oil throughput at its refineries pulled back from March's record highs in April, slipping 3% on the month...

US gasoline stocks fell around 1.4 million barrels last week on higher exports and offset...

Formosa Petrochemical plans to cut refinery runs at its 480,000 bpd Mailiao in Taiwain by around..

Russia's top crude producer Rosneft has held talks with Indian refiners and officials over building a jointly-owned refinery...

Brazil's Petrobras has cut the wholesale price of its gasoline and diesel sold from its refineries...

India's state-owned Bharat Petroleum Corp unveiled plans Wednesday for an ethylene cracker at the refiner's 156,000 bpd...

Asia crude oil prices were lower as medium sour crude grades came under pressure, while...

Crude and product prices steadied Tuesday as the IEA pointed to a tight oil balance in the second half of 2023...

Crude oil futures Tuesday were moving sideways as US debt-ceiling talks offset the US DoE plans to start refilling the SPR and the IEA's more upbeat demand forecast...

Saudi Arabia is considering another multibillion-dollar offering of stock in its Aramco energy giant...

OPEC has asked Ecuador to rejoin the producer group after leaving more than three years ago, following an invitation...