Crude Oil News

Crude oil futures Monday were little changed as oil benchmarks consolidated firm gains from the previous week...

An explosion and fire at an oil field in western North Dakota resulted in one person being severely burned...

Crude oil edged lower during European trading hours at the start of the week as the market weighed the impact of...

Portugal's Galp reported a 93% increase in full-year profits Monday as it announced the sale...

Russia plans to sell more than 80% of its oil exports to what it calls "friendly" countries in 2023, Deputy Prime Minister...

Dubai crude oil prices in Asia Monday opened the week higher after Russia's announcement it would...

A Kurdistan Region Government (KRG) delegation on Sunday met with officials from Iraq's federal government's Ministry of Oil...

Several exchanges are unable to release trading reports for a second week after a ransomware attack...

North American oil drilling activity recovered the week ending 10 February, while the number of rigs drilling for gas went in the opposite direction...

Adnoc Drilling, the largest national drilling company in the Middle East by rig fleet size, reported a 61% rise in its Q4 net income as revenue surged to a record...

Energy transition policies and goals have created a dangerous path for global demand, as alternatives are not in position to supply the entire world...

OPEC+ production dropped in January, primarily as a result of lower Mideast Gulf supplies and a slight decline in Russian output...

OPEC expects global oil demand to exceed pre-pandemic levels in 2023, amid an improving economic outlook in top crude importer China...

Tanker loadings of crude oil from Azerbaijan at the Mediterranean terminal of Ceyhan have resumed having being suspended since 6 Feb...

Russia's cabinet has submitted a bill to the State Duma that limits the discounts for the Urals oil blend on the international market...

Crude was higher Friday on reports Russia could voluntarily slash oil production...

Crude oil futures resumed the week's upwards momentum on Friday on reports that Russia could voluntarily slash production...

The US is heading for a heavy refinery maintenance season that could sideline more than 2 million...

Goldman Sach trimmed its Brent crude oil forecast by $5/b on Friday on expectations of higher...

Shell is expected to start a 40-day maintenance at its 400,000 b/d Pernis refinery in Rotterdam..