Crude Oil News

Crude oil futures Monday were slightly higher, rebounding from the previous-week's heavy losses of over 7%, although markets remained choppy amid conflicting price signals...

India raised export taxes on diesel and jet over the weekend and lifted its windfall tax on domestic crude...

Dutch tank storage company Vopak will acquire trader Gunvor's 982,000 cubic metre facilities in Antwerp for an undisclosed...

Monday's devastating earthquakes that ripped through Turkey and Syria have left their mark on the region's energy infrastructure with disruptions reported to oil and gas...

 Weeks-long protests and roadblocks have reduced Columbian oil output by 49,500 bpd...

Asia oil prices Monday retreated further, largely catching up with Brent losses late Friday, while diesel cracks slipped to their lowest levels...

A fatal accident has halted a planned three-week maintenance at the 148,000-bpd Zeeland...

Saudi Aramco has slightly increased most Official Selling Prices (OSPs) for March-loading crude to Asia...

Goldman Sachs sees a 1.2mn bpd boost to oil demand this year from China on a swift recovery in...

Equinor has reduced production at its giant Johan Sverdrup field in the Norwegian North Sea after a second power outage...

China's economy could be poised for a stronger-than-anticipated rebound that will deliver a boost for global oil and natural gas...

The EU and G7 agreed late Friday to implement proposed price caps on Russian oil products, after opposition from some European states...

North American oil drilling activity registered another sharp retreat the week ending 3 February, as the overall rig count dropped by the largest amount since...

Crude oil futures fell marginally by the cash market close in London, but middle distillates...

Crude oil futures in European trading hours Friday were slightly lower on the day as markets continued to lose momentum...

Russia is considering taxing its oil producers off the Brent crude benchmark rather than the current Urals...

Brazil's crude oil output slipped further in December, dropping another 0.4% month-on-month and stumbling...

Russia sees no reason for a sharp reduction in oil refining and the production of refined products...

State-owned Nigerian National Petroleum Corporation (NNPC) has signed a $741mn deal with Daewoo...

Asia oil prices continued the downward slide Friday, taking two-day losses to 4.5%, while naphtha...