Crude Oil News

Middle East crude prices opened the week higher, catching up following the Brent rebound after Asia had closed in the previous session, while...

Saudi Arabia could face a budget shortfall of more than $76 billion by 2026 if oil prices slump below $40 a barrel...

China's crude oil imports rose sharply in March as refiners rushed to secure supply ahead of possible US crackdowns on sanctioned barrels...

Sweeping US tariffs sparked a sharp retreat from long positions in crude and refined product futures last week as recession fears for the global...

South Bow is targeting to restart its Keystone crude pipeline and restore deliveries on Tuesday after...

Western Canadian Select (WCS) crude discounts ended the week only slightly lower as low inventories...

US rotary drilling activity skidded after explorers once again scaled back activity in the prolific Permian...

Benchmark crude oil futures drifted higher on Friday as markets digested Washington's decision to place global tariffs plans on ice but remained...

The US Department of Interior (DOI) sees about 27% more recoverable oil and gas reserves across of the Gulf of Mexico (GOM) than previous estimates as the Trump administration touts opportunities to boost domestic energy supply.

Middle East crude prices were sharply lower for a second consecutive week as the standoff between the US and China showed no signs of softening...

The Pipeline and Hazardous Materials Safety Administration (PHMSA) is still investigating the cause..

Crude oil futures nudging higher as benchmarks looked to pull away from the week's multi-year lows, which came after the escalation...

East of Suez oil prices eased again cement weekly losses of almost 8%, while the east-west spread for marine fuel and HSFO both widened to...

China raised its tariffs on all US products from 84% to 125% in response to the White House's threat to increase reciprocal duties to 145% as the...

BP expects lower first quarter earnings from trading natural gas, but an improved performance downstream from...

The US government has decided to sanction a Chinese terminal for breaking trade restrictions on Iranian crude and oil products in the latest move...

Chinese refiners are to scale up purchases of Saudi crude oil in the coming months, taking advantage of lower sale prices from the world's...

South Bow does not have a restart timeline for its Keystone pipe system, which ruptured near Fort Ransom, North Dakota...

Benchmark crude oil futures were mixed Thursday after US President Donald Trump placed global tariff plans on ice for all but China...

Crude oil futures were sliding lower as benchmarks struggled to hold onto initial gains after Trump announced a pause on...