Crude Oil News

Asia's gasoline market is bracing for tighter supply in Q1 as potential US crude tariffs could weigh on refinery runs in the Americas, while seasonal...

Shell has restarted production at the UK's offshore Penguins field four years after it was decommissioned...

Equinor has halted production at its Johan Sverdrup oilfield on Tuesday after an unexpected power outage forced operations to be suspended...

China will impose tariffs on a range of US exports, including crude oil and liquefied natural gas, escalating trade tensions following new US...

President Donald Trump has paused for 30 days his plans to implement new tariffs on imports from Canada...

US Gulf Mars Blend sour crude was higher despite a delay in the implementation of tariffs on Mexico goods...

Benchmark crude oil futures opened the week lower on Monday after reports that US tariffs imposed over the weekend would be put on ice...

Traders are bracing for more price weakness in the coming weeks for Alberta's crudes, with barely a day...

Crude oil futures were in reverse after headline prices surrendered early gains on reports that tariffs imposed over the weekend could be...

Litasco's Neftochim Burgas refinery will begin a three-month turnaround at the end of February

Iraq's parliament has approved legislation that could open the way for a resumption of exports from the semi-autonomous Kurdish region...

Ukrainian drones hit a major Russian oil refinery and a gas-processing plant in the latest escalation of Kyiv's long-range strikes on critical...

The world's largest independent energy trader, Vitol, has projected that global oil demand will maintain its current levels through 2040...

The OPEC+ Joint Ministerial Monitoring Committee (JMMC) has not recommended any immediate changes to the producer alliance's current...

Indonesia's government said the country produced nearly 580,000 bpd or 29 million mt of crude oil in 2024, below its target of 625,000 bpd, the latest data...

Gasoline and diesel were leading oil benchmarks higher Monday with US tariffs on Canada and Mexico likely to drive up...

Middle East crude prices opened the month higher, ending a two-week long run of losses, but that failed to put the brakes on the rally in...

Brazilian crude output fell last year, as project delays, offshore maintenance and strikes at several federal agencies slowed...

The average price for Middle East benchmark Dubai in January moved above the $80/b mark for the first time in six months, as prices...

Saudi Arabia's Bahri is set to expand its fleet with at least 10 new very large crude carriers (VLCCs) in 2025...