Crude Oil News

Los Angeles County has blocked new oil and gas drilling and will phase out of existing operations, expanding on a city-wide ban...

US oilfield services firm Halliburton has reported better-than-expected fourth-quarter results, with the firm's fracking equipment fully booked...

A planned three-week maintenance has started at the 148,000 bpd Zeeland refinery in the Netherlands...

Europe's largest banking group BNP Paribas has launched a new phase of its transition away from financing fossil energy...

Brazil's oil products output continued to creep higher through December, hitting its highest level since August as a...

Japan drew down distillate stocks last week as exports hit a four-month high on widening...

Asian crude markets Wednesday were slightly lower after Singapore markets reopened following the extended...

At least one refinery and chemical plant reported operational upsets overnight after a tornado...

Thailand's December crude oil imports were up almost 9% from November at a four-month high of 4.6 million mt...

Oman's average daily production of crude and condensate averaged 1.06 million bpd for the full year in 2022...

Australia's Woodside Energy on Wednesday posted an 81% increase in year-on-year Q4 revenues, benefiting from strong energy prices and the acquisition of BHP...

Crude oil futures pulled back from earlier seven-week highs Tuesday, as a contraction in US business activity for the seventh straight month...

 Crude futures fell Tuesday as focus shifted back to inflationary pressures in an improved...

Banks continue to favour investment in traditional energy sources such as oil and gas at the expense of renewable...

Oil drilling has begun in a Chinese-operated field in Uganda and the East African country is expects to start production by 2025...

The US said it will increase pressure on China to stop buying Iranian oil, as the White House seeks to enforce sanctions aimed at curbing...

President Joe Biden's administration said it plans to start refilling the US Strategic Petroleum Reserve (SPR) by accelerating the return...

Guyana is in talks with Qatar, the UK, the United Arab Emirates and India on the possibility allocating offshore blocks for oil and gas exploration...

Oilfield services and equipment major Baker Hughes enjoyed surging revenues and record orders in the fourth quarter of 2022, flagging strong growth in exploration and production...

French oil workers' union CGT has raised the possibility of indefinite strike action after a two-day...