Crude Oil News

Benchmark Dubai crude ended the week on a firm note with prices hitting two-month highs, while distillate cracks...

Middle East benchmark Dubai crude posted a third week of gains Friday as China's anticipated post-Covid rebound continued to underpin...

Refiner Valero expects firm refining margins to continue for 2023, as the US refining sector is likely to enjoy further advantages over its European counterparts...

Russian president Vladimir Putin has told his government to look into the way that it calculates taxes on the oil industry...

The European Union is floating a plan to cap the price of Russian diesel at $100 a barrel, which analysts said is a level...

Iran is offering increasingly large discounts on sales of crude into China with the US-sanctioned oil facing increasingly stiff competition from Russian barrels...

Crude oil futures Thursday were higher following the latest EIA data revealing a smaller-than-expected rise in crude stocks, while increased rhetoric from Russia...

Crude edged higher Thursday as the US economy grew faster than expected and geopolitical...

Months after the White House vowed to punish Saudi Arabia for cutting oil output in defiance of American wishes, the Biden administration has ended its talk of retaliation...

US refiner Valero reported a ten-fold increase in full-year profit to $11.5 billion Thursday...

Utilization rates at Japan's crackers sank to at least a ten-year last month on subdued regional demand...

TotalEnergies has suspended product shipments from its French sites Thursday, except the Feyzin plant...

Benchmark Dubai crude was slightly lower Thursday although Asian crude markets have been largely moving sideways...

Pemex's 340,000 bpd refinery at Deer Park remained closed Thursday after storm damage caused by a tornado...

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

Moscow has hit back at pledges from the US and Europe to supply Ukraine with advanced tanks to support its military efforts against...

Crude oil futures slipped into slight negative territory after a late selloff Wednesday, paring initial gains following a lower-than-expected crude stocks build reported by the EIA...

Crude futures were pegged just $0.17/b down on the day at the time of the European oil market...

State-owned Pemex's refinery in Olmeca will start processing crude by the start of July...

US refinery crude throughput ticked 0.9% higher week-on-week to a four-week high of 14.98 million bpd but volumes remain well below levels...