Crude Oil News

North American drilling activity was sharply lower as number of rigs drilling for gas tumbled by the most in seven years the week ending 12 May...

Crude oil futures Friday were drifting lower and heading for a fourth weekly loss, as the Washington debt-ceiling standoff...

Crude dipped Friday and ended the week flat as concerns over oil demand in a slowing global...

Fuel oil flat prices and cracks stabilised in a quiet week for the oil market, with little fresh conviction driving moves...

Iraq does not expect OPEC+ to make further cuts to oil output at its next meeting in June...

Middle East benchmark Dubai crude ended the week little changed, with Monday's firm gains largely eroded over the next few sessions...

Citgo has announced the successful expansion of its Lake Charles refinery by 38,000 bpd...

Asian crude prices were sharply lower Friday with market structure also coming under downwards...

Nigeria's oil output dropped below 1 million bpd for the first time in seven months in April...

Support is growing for new measures aimed at the so-called 'shadow fleet' of tankers behind the transportation of oil...

Crude oil futures Thursday were drifting lower, as wider concerns over the US economy wiped out earlier gains...

Brent crude oil futures slid for a second straight session by the Thursday London cash close amid renewed...

Norwegian oil producer DNO said Thursday it had reduced spending in the semi-autonomous Kurdish region of northern Iraq...

CEO of Spanish transportation and storage company Exolum has joined the chorus of European suppliers...

Two of Adnoc's units have reported strong results for the first-quarter of this year despite the fall in energy prices over the last 12-months...

Kuwait has reduced its Official Selling Prices (OSPs) for its key export grade loading in June...

Refined product margins have broadly recovered from the depths of last month, amid reports of run...

Asia crude prices nudged higher Thursday with markets underpinned by this week's rebound...

French banking group BNP Paribas said Thursday it will no longer provide any financing dedicated to the development of new oil and gas fields...