Crude Oil News

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...

The US is in talks with allies to further restrict Russia's oil revenues by placing a cap the price it would get for its crude, US Treasury Secretary...

The sanctions imposed by the EU and the US on Russia following its invasion of Ukraine have affected 75% of its banks...

European diesel cracks jumped to their second-highest print on record of $65.9/b by the European...

Crude oil futures Monday were trading up on the day following the previous week's sharp losses, which came after wider economic concerns outweighed...

Ecuador's state-owned oil company Petroecuador declared force majeure following widespread protests...

Saudi Arabian crude oil exports hit a fresh pandemic high in April as crude oil production rose while...

Sinopec Shanghai Petrochemical Co will keep its 320,000-bpd refinery and cracker unit shut while...

After a week of claiming Libyan oil production tumbled to record lows of 100,000 bpd, the nation's oil minister...

Reports claiming that Norway state-owned producer Equinor is reviewing its commitment to drilling...

The number of short positions held in Brent futures by money managers has fallen to the lowest...

China imported a record amount of Russian crude oil in May as the world's largest importer sought...

Middle East crude prices were sharply lower Monday, playing catch-up with the Brent retreat in...

QatarEnergy has awarded its monthly Al Shaheen tender for August at sharply higher premiums to the Dubai benchmark...

Iraqi Oil Minister Ihsan Abdul Jabbar said Sunday that the ceiling for exports will reach 3.8 million barrels per day in June and...

Crude oil futures Friday were in sharp retreat with markets failing to hold firm gains made during the previous-session's rebound, as...

European gasoline cracks ended the week at a three-month low, as the fall in Eurobob swaps outpaced...

Middle East crude prices rebounded Friday after the rally in Brent futures, while distillate cracks continued to...

Production of crude oil in India dipped slightly in May but remained above target amid a strong performance from...