Crude Oil News

Middle East benchmark Dubai crude registered falls of around 5% on the week, reversing a streak of three straight weeks of gains...

TotalEnergies said Friday its exposure to India's Adani group is $3.1bn via stakes in four energy companies...

Spain imported 1.3 million bpd of crude in December, preliminary data from Cores showed Thursday..

China's refineries will reduce exports of clean oil product exports in February after domestic demand in January beat expectations...

EU countries have failed so far this week to strike a deal on a price cap for Russian oil products, with a deadline for setting the price...

OPEC's crude output eased last month as the group's key producers maintained a tight lid on output to keep global markets in balance...

Losses mounted on Brent Thursday and distillates lost further ground, amid rising oversupply...

Crude oil futures Thursday were drifting lower changed following another sharp retreat in the previous session to leave oil benchmarks...

Belgian oil tanker giant Euronav posted better-than-expected Q4 results on Thursday thanks to rising freight rates...

Oil and gas operators in the US emit methane at vastly different rates, as some operators have reduced emissions...

Diesel stored in the ARA region jumped 6% last week to its highest since last July...

Goldman commodities traders racked up profits of over $3 billion in 2022...

Russia's crude and condensate production grew 2% year-on-year in 2022, rising to its highest level since 2019 despite...

The extreme winter storm that has descended across he US has started a take a toll on the Texan energy sector, hitting power supplies and causing shut-ins....

US upstream independent ConocoPhillips reported its highest ever full-year earnings of $18.7bn Thursday...

The early-month rebound in Asia oil prices proved short-lived with crude gains registered...

Austrian energy and chemicals company OMV reported a 53% jump in full-year profits to €4.4bn ($4.8bn) Thursday, despite a fall in fourth quarter earnings...

Global crude oil prices ticked higher in January after a sluggish start to 2023, with key benchmarks including Brent and Dubai posting comfortable gains of...

Fuel shortages across Pakistan have started to bite after gasoline pumps ran dry in several regions...

The rush to fill storage with relatively cheap Russian diesel before sanctions has alleviated immediate...