Crude Oil News

Iraqi state oil marketer SOMO is looking at signing crude sales contracts with new European...

European middle distillates markets tracked Brent futures lower on Wednesday, keeping refiner margins...

Russian President Vladimir Putin said trade with India and China has strengthened amid Western oil sanctions, with oil flows set to increase...

Global energy investment is set to rise 8% this year, supported heavily by a 12% rise in investment in...

High global energy prices and a drive to bolster energy security to keep inflation in check will boost...

Sri Lanka's debt-laden economy has "collapsed" after months of shortages of food, fuel and electricity...

Middle East and Asian crude prices were faced with another sharp global price retreat Wednesday...

The chief executive of Kuwait's state oil company said a $30 per barrel "war premium" has been built into the cost of oil, as crude benchmarks head for...

Indian crude imports fell 14% in May compared to a month earlier, according to government data...

Quantum Commodity Intelligence – Mobility in the top 100 cities in China has risen 30% on May...

Operations at the Russian oil refinery in Novoshakhtinsk were suspended after a fire broke with...

Crude oil futures Tuesday were higher on the day as oil markets continued to claw back losses from last week's sell-off...

European gasoline refiner margins rebounded to a one-week high by the close on Tuesday on the...

Crude oil output in Kazakhstan has slumped 20% so far in June versus the May average to an at-least 2-year low amid...

Vitol CEO Russell Hardy said that global consumption of gasoline and jet fuel were still below 2019 levels and that the market could expect to see high prices for...

Taiwanese crude oil imports hit a five-month low in April despite the government stepping away from...

A UK subsidy of Swiss trading house Glencore pleaded guilty in a UK court on Tuesday to seven counts...

Middle East and Asian crude prices rebounded Tuesday, underpinned by firm products markets...

Exxon Mobil Corp. said global oil markets could remain tight for another three to five years due to the lack of investment...

Norwegian oil production in May fell to its lowest level since the start of the pandemic amid ongoing...