Crude Oil News

Saudi Aramco has sharply hiked its Official Selling Prices (OSPs) for July-loading crude oil for Asia, as backwardation in the...

Middle East crude oil finished the week ending 3 June higher, shrugging off the midweek price slump and the decision by OPEC+ to...

Crude oil futures Friday were surging higher, extending the initial $4/b price rebound after the OPEC+ alliance agreed to...

Shares of Borouge, the joint venture between ADNOC and European chemicals producer Borealis, surged over 20%...

Middle East crude prices rebounded nearly 3% as the announced OPEC+ output hike was largely dismissed, while...

Abu Dhabi National Oil Co. (ADNOC) has hiked Official Selling Prices (OSPs) for July-loading crude, with its flagship Murban grade set at...

Russia increased its crude oil output in May despite increasing pressure from sanctions and amid reports that trade...

The additional OPEC+ output will not be sufficient to plug the supply gap in crude markets...

US crude oil stocks fell by over 10 million barrels in the final week of May, while rising...

Crude oil futures rebounded from earlier lows Thursday on reports that the enhanced OPEC+ increase for July may not be as significant....

The OPEC+ producer group said Thursday it will increase output quotas by 648,000 bpd in July, compared to...

Middle East crude prices dropped more than 3% Thursday on reports ahead of the OPEC+ meeting that the...

US crude oil and gasoline stocks fell in the final week of May, while distillate stocks rose...

Saudi Arabia has indicated to western allies that it is prepared to raise oil production should Russia's output fall substantially under the weight of sanctions...

Oil futures Wednesday were trading higher after broader economic concerns and reports that OPEC+ could increase exports had...

Distillate cracks jumped nearly $7/b by the European close on Wednesday as Brent gave back...

The latest European Union sanctions package targeting Russian seaborn crude exports oil products will redirect trade flows and keep prices high...

UK-listed Tullow Oil has completed a deal to merge with rival Capricorn Energy to create an Africa...

The OPEC+ Joint Technical Committee in its meeting Wednesday has revised downwards its global oil surplus outlook, but did not discuss...

Dubai crude eased back at the start of the new month as attention switched to the upcoming...