Crude Oil News

The US government has condemned an attack on an oil tanker off the coast of Oman, saying Iran used one of...

Turkey is set to demand that oil tankers passing through the key Bosphorus shipping route must provide proof that they have adequate insurance...

Middle East crude prices eased back Thursday although gained on Brent for the first time in a week, while gasoline cargoes...

QatarEnergy has awarded its monthly Al Shaheen tender for January at lower levels from the previous month, reflecting the broader weakness...

Saudi Aramco announced a $7 billion investment to build a new steam cracker at its majority-owned...

China's October refined oil product output hit an all-time high, with refiners boosting run rates to meet Beijing's...

Iraq plans to increase its oil production capacity to around 7 million barrels per day in 2027...

Crude slumped to a one-month low on Wednesday as geopolitical concerns eased following...

Crude oil futures Wednesday were drifting lower amid conflicting price indicators, with geopolitical tensions cancelled out by...

US commercial crude inventories drained 5.4 million barrels in the week to 11 November...

The Brent/Dubai cash spread raced to a fresh five-month high Wednesday as European refiners scramble to secure replacement barrels ahead of looming sanctions...

Sanctions will shut-in around 2 million bpd of Russian output from pre-invasion levels by...

Nearly 150 workers from energy service company Petrofrac working on Repsol terminals and...

Middle East crude prices rebounded Wednesday amid rising geopolitical tensions, while losses for the low sulfur...

The Druzhba pipeline can likely be restarted within a short time, the Hungarian foreign minister said Wednesday...

An oil tanker has been struck by a bomb-carrying drone off the coast of Oman amid heightened tensions with Iran

Crude oil futures were trending higher towards the market close Tuesday, as sentiment swung back to the upside amid...

European diesel refiner margins ticked higher for a second straight day as action continued...

South Korean crude oil imports slowed for a fourth consecutive month in October, dropping another 6% to 10.7 million...

Brent crude oil futures are set to hit $108/b in Q2 next year as China exists its zero-Covid policy...