Crude Oil News

US bank Goldman Sachs has reiterated its $100/b price outlook for 2023, but flagged a potential upside to its most recent forecast if OPEC...

Brent crude futures were marginally firmer by the cash market close in London on Friday...

Crude oil futures eased back Friday as another steep build in US oil inventories this week offset firm demand...

Middle East benchmark Dubai crude registered were largely unchanged on the week, as further negative indicators...

Russian clean product exports have slowed in the first weeks after sanctions, shipping analytics firm...

Polish energy group Orlen reported a three-fold increase in full-year profits to 35.3bn zlotys

Oil exports from Kazakhstan via the CPC's pipeline have resumed after a brief weather-related shutdown...

Crude oil prices in Asia rebounded strongly on Friday to end the week little changed, led higher...

Ratings agency Fitch has assigned Suncor Energy Inc. a first-time Long-Term Issuer Default Rating (IDR) of 'BBB+...

Petroecuador has halted crude exports after the country's two main oil pipelines were shut this week due to flooding...

Pioneer Natural Resources believes oil prices will climb towards $100/b by the summer of this year...

Dubai's Department of Petroleum Affairs has set the Official Selling Price (OSP) for Dubai crude loading in May at a discount of $0.20/b...

Crude prices Thursday were higher as markets broke a six-day losing streak, although concerns over the state of the US economy and further rate hikes...

Crude oil snapped a six-session losing streak on Thursday, bolstered by news of planned Russian export cuts...

Chesapeake Energy Corporation said it will cut back on drilling activity following the collapse in US natural gas prices, which has seen near-month futures prices...

ExxonMobil Corp has flagged a potential risk to $2.5 billion worth of revenue from its Kazakhstan oil operations...

US crude inventories climbed for the ninth straight week, the EIA said Thursday...

Diesel and gasoline stocks exceeded 4 million tonnes this week for the first time since late 2020...

Crude oil handling by the port of Rotterdam in 2022 jumped 5.9% on the year with the number...

Italy's Eni reported a near three-fold increase in full-year earnings to €13.3bn ...