Crude Oil News

Physical premiums for prompt oil in northwest Europe are heading back towards record highs...

Adnoc has awarded a $1.53 billion contract to Adnoc Drilling to support the expansion of the parent company's offshore operations...

Qatar became the latest National Oil Company (NOC) to release Official Selling Prices (OSPs) for Asian refiners, largely following the direction...

Crude oil futures retreated Monday from the five-week highs posted in the previous session in a late selloff, having spent most of the session...

rude held on to the bulk of last week's sharp gains and LSGO backwardation reached...

Haitham Al Ghais, the new Secretary-General of OPEC, has defended the decision to cut headline output by 2 million bpd...

A cargo of Colombian heavy crude oil headed to US Gulf coast refiners has become the latest tanker shipment...

Nigeria's tumbling crude output has forced its state-owned NNPC to defer payments to some local gasoline suppliers...

Sales volumes and refining margins slumped at OMV Europe's downstream operations in the third quarter...

China has issued its first set of 2023 crude oil import quotas, with 20 million mt (146 million barrels) allocated...

 Hungary has agreed to build a pipeline that will take Russian crude from the Druzhba pipeline...

Iraq's State Oil Marketing Organization has raised Official Selling Prices for Asia in November while trimming Dated Brent-related premiums to Europe...

Benchmark Dubai crude increased for a fifth consecutive session Monday, catching up with Friday's...

Investors rebuilt bullish positions on crude and oil product futures last week...

Eight energy companies have bought 10.15 million barrels in the latest crude oil sale from the US Strategic Petroleum reserve...

North American drilling activity dipped for the first time in nearly a month for the week ending October 7...

Crude oil futures Friday were again racing higher as benchmarks saw another surge heading into the weekend...

Crude pushed higher again in the Friday session, extending gains on OPEC+ production cuts...

The Biden administration is preparing to scale down sanctions against Venezuela, allowing US oil major Chevron to resume pumping oil...

The UK has issued a new round of licenses for exploration and development of oil and gas in the North Sea...