Crude Oil News

At least four independent Chinese refineries, known as 'teapots', were reported Monday to have closed crude units after...

Kazakhstan has sent its first crude oil shipment from the Kashagan field through the Caspian Sea to Azerbaijan's port of Baku, state-owned...

Nigeria's Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has come under scrutiny as it defends the issuance of oil...

Angola's crude oil output slumped 6% on the month in December to 1.02 million bpd, hitting its lowest average daily production since March...

Production at Iraq's massive Rumaila oil field has been reduced by up to 300,000 bpd or around a quarter...

Middle East crude prices retreated for a sixth straight session Monday as the run of steady declines continued into the shortened week...

Shell reported a small fire and a spill of up to 30 litres of crude oil at its 404,000 bpd Pernis refinery over the weekend but said it would...

Swiss testing giant SGS and France's Bureau Veritas have abandoned merger talks aimed at creating a $33 billion leader in the global...

North American drilling activity declined for a third week and to post a fresh three-year lows, according to Baker Hughes...

Freight rates for very large crude carriers (VLCCs) on key Middle East-Asia routes have surged this month on robust crude buying by...

Diesel and crude oil futures market extended rallies during the week ending 21 January as traders continued to price in the shockwaves from...

US President Donald Trump's 25% tariffs on all Colombian goods will increase the cost of roughly 215,000 bpd of crude imports from the..

Benchmark crude oil futures extended losses Friday to post the first weekly decline of the year, while LSGO cracks rebounded on returning supply...

Crude oil futures were nudging higher Friday although benchmarks were heading for the first weekly decline in a month...

Middle East benchmark Dubai crude rowed back from recent six-month highs following a sequence of steady declines...

Adnoc will not be returning to the Red Sea anytime soon, with the key shipping route still seen as a risk, according to a senior...

Chinese state-owned oil producer and refiner Sinopec processed 252.3 million mt of crude in 2024, equivalent to 5.05 million bpd...

Chevron has started oil production at its Future Growth Project (FGP) in Kazakhstan's Tengiz field, a key milestone in its efforts to boost...

Middle East crude prices retreated for a fifth straight session Friday as gradual declines saw Dubai drop 3% over the week, while...

Tight US supply has started pulling diesel from Europe for the first time in about a year, with freezing temperatures in the US Gulf...