Crude Oil News

Crude oil futures Thursday raced higher with Europe seen moving closer to an outright ban on Russian oil as demand is projected to...

Spot distillate cracks jumped to a two-week high, while gasoline cracks hit a fresh record as...

Iraq's oil minister has discussed with BP raising output capacity at the 1.5mn bpd Rumaila field, the country's largest, to...

The UK government has hit its oil and gas sector with a 25% windfall tax on soaring profits, taking a chunk...

OPEC+ is set to stick to an oil production deal agreed last year at its meeting on June 2 and raise July output targets by a modest...

Russia's deputy Prime Minister Alexander Novak predicted a drop of between 5% and 8% in the country's oil output this year...

Dubai crude prices eased slightly on Thursday but held with a dollar of the monthly highs, while naphtha cracks...

Healthy demand for refined oil products in Mexico led by fuel oil and road transport fuels saw both product imports and refinery...

India is set to continue buying discounted crude oil from Russia and is in talks to finalize pricing mechanisms...

President Joe Biden is laser-focused on reducing sky-high gasoline prices...

Abu Dhabi's national oil company, ADNOC, is set to open its giant crude oil caverns in Fujairah during 2023...

Dubai's Department of Petroleum Affairs has set the official selling price (OSP) for Dubai crude loading in August at a discount of $0.05/b...

Crude oil futures Wednesday retreated sharply from earlier highs as US inventory data from the EIA failed to replicate the fall in US gasoline inventories reported by the API...

European gasoline cracks rebounded over $7/b by the European close on Wednesday after US stocks...

The US Treasury Department said Wednesday it has expanded sanctions against Iran to tackle an international oil smuggling and money laundering...

US crude oil exports hit their highest level since March 2020 in the third week of May as Europe...

Brent crude oil futures are set to end the year at $95/barrel as an increase in Russian oil flows...k said.

he Brent/Dubai EFS rallied to a two-month high Wednesday as the North Sea market continued to lead the pack among crude oil benchmarks...

Dubai crude prices resumed the upwards trend Wednesday as focus returned to the supply side, while distillate...

More Japanese refining capacity was taken offline in the third week of May, with refineries...