Crude Oil News

The head of the Libyan National Oil Company has pledged to boost the country's crude oil production...

The IEA sees oil demand growth of 2 million bpd this year to a new record 101.9mn bpd fuelled...

Shell will begin major maintenance at its 400,000 bpd Pernis refinery in Rotterdam in March...

Switzerland-based trading house Glencore announced it will payout $7.1 billion to its shareholders after...

Dubai crude oil prices in Asia Wednesday dropped for the first time in more than a week...

India's state-owned refiners are continuing to run plants at full capacity to meet strong domestic fuel demand...

QatarEnergy has issued an April sell tender for its keenly-watched Al Shaheen grade, with premiums for the Middle East medium sour crude grades set to rebound...

Crude futures were lower Tuesday after a surprise announcement the US will release another 26mn...

Crude oil futures Tuesday eased back on surprise news the US government was planning a further release of crude stocks...

OPEC raised its forecast for oil demand this year by 100,000 bpd from its last estimate on China's...

Refining margins for high sulfur fuel oil have crept to their highest level in nine weeks and are within touching...

The US government announced late Monday a further sale from of crude from the Strategic Petroleum Reserve (SPR), with 26 million barrel...

Vietnam's oil product imports continued to hit new highs in February, with over 2 million mt arriving through the...

Vietnamese energy company Xuan Thien Group is considering building a third crude oil refinery in...

Benchmark Dubai prices rallied to three-month highs Tuesday on growing optimism for Middle East crude, while Dubai has also...

Swiss trader Gunvor has merged its Rotterdam refining and terminal businesses, which will now be called Gunvor...

Dubai crude oil prices in Asia Tuesday maintained the firm upwards momentum, posting a sixth...

US shale output pushed to pre-Covid levels during January and is on course to continue to rise through February and...

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

Kuwait's refined oil production is set to grow by 35% y-o-y in 2023 as output at the new Al Zour mega refinery ramps up...