Crude Oil News

Crude rebounded in the mid-week session on lower US stocks and a sharp retraction in domestic output...

Russia's August oil output was steady at around 45 million mt, although daily production remains about 7% below...

UK oil and gas output was estimated at 490 million boe in 2021 but only around 40 million boe net were added to reserves as exploration...

US gasoline stocks fell 1.1% to 212.2 million barrels in the week to 23 September, according to the...

US commercial crude stocks fell marginally lower in the week to 23 September

China's economy is rebounding from the second quarter rough and oil demand likely to rebound next year as Beijing eases Covid-19 restrictions...

The European Union is set to outline its proposal for a price cap on Russian oil to members on Wednesday...

Middle East crude prices Wednesday posted a small gain for the first time in a week, while higher sulfur diesel...

Japan's crude oil throughput fell to a two-month low last week as typhoon Nanmadol disrupted...

Crude oil production in the Gulf of Mexico dropped as Hurricane Ian bearded towards Florida's southwest...

European diesel refiner margins jumped $4/b by the Tuesday London close as apparent sabotage...

A strong dollar and weaker demand have meant investment bank Goldman Sachs has tempered its forecast for crude...

Crude oil futures were higher on Tuesday, bouncing from the previous session's nine-month lows amid growing...

A series of leaks on natural gas pipelines running from Russia to Europe under the Baltic Sea have stoked intrigue...

Discounts on the sale of Russian Urals crude have shrunk significantly from around $35/barrel seen shortly after the invasion of Ukraine...

Middle East crude prices Tuesday retreated for the fourth consecutive session Tuesday, while interest in the products market shifted to...

Only a cut in OPEC+ production levels of at least 500,000 bpd can put a stop to the current bearish...

Oil majors Chevron and BP have shut in four offshore oil and gas platforms located in the Gulf of Mexico worth...

G7 states may consider pre-Covid levels as a basis for the price cap imposed on Russia barrels from December...

Crude fell to fresh lows in a choppy opening session dominated by renewed concerns over the state of the world...