Crude Oil News

Crude oil futures Wednesday were drifting lower after OPEC slashed is 2022 demand forecast, although pricing signals remain mixed amid another choppy trading session...

Crude oil fell to one-week lows during trading on Wednesday, with lingering demand fears running counter to...

OPEC has made a sharp downwards adjustment its global oil demand growth forecast for both this year and 2023...

Shell's Nigerian subsidiary will restart crude oil exports from its Forcados terminal by the end...

Kuwait has slightly increased its Official Selling Prices (OSPs) for crude loading in November, the company announced...

Portugal's Galp saw a sharp fall in refining margins in the third quarter as gasoline cracks...

Asian crude oil prices continued to slide Wednesday as benchmark Dubai lost further...

Inventories in the EU-16 fell in September, as gasoline, middle-distillates and naphtha were all drawn...

A leak has been detected on the Druzhba oil pipeline in Poland that carries Russian crude to Germany, although...

Intensive lobbing by US officials for Saudi Arabia and other major Gulf producers to delay any OPEC+ production cut for another month was brushed aside...

Mexico has stared its huge annual oil-hedging program, where the government will use complex derivative instruments to lock in a price floor and...

Crude oil futures Tuesday were again lower after the previous-session's late selloff, as markets gave up some of last week's strong gains...

he International Monetary Fund (IMF) issued its starkest warning for years on the state of the global economy...

Crude and product prices retreated on Tuesday, as fears over the state of the global...

President Joe Biden feels that the US' relationship with Saudi Arabia needs to be re-evaluated in the wake of the OPEC+ decision last week to decrease oil production...

Sri Lanka has once again closed its only oil refinery in Sapugaskanda, with the crisis hit country unable to raise funds to pay for crude oil...

More than a dozen global investors are suing Glencore in London's High Court, in a class-action-style lawsuit prompted...

Kazakhstan has produced 61.9 million mt of crude oil in the nine months to the end of September, energy minister...

Asian crude prices dropped for the first time in more than a week as the OPEC-led rally final running out of steam, while...

The OPEC+ alliance lifted total crude oil output by 170,000 bpd in September, the group's highest since April 2020...