Crude Oil News

The White House has urged caution after a US Senate committee passed a bill that could leave the Organization...

Spot refining margins for European middle distillates hit a one-week low by the Thursday European...

Global oil demand is likely to have taken a 1 million bpd hit in the face of cargo rerouting from Russia...

Russian output losses for crude oil and petroleum products could amount to as much as 3 million bpd and will put...

Crude oil futures Thursday reversed earlier gains amid jittery trade, initially extending the previous session's 5% gains...

The European Commission and 20 industry CEOs have signed a joint declaration committing to increase electrolyser...

The 233,000-bpd Schwedt refinery – a unit jointly owned by Russia's Rosneft, UK's Shell and...

The Biden administration plans to purchase 60 million barrels of crude oil as the first step in a years-long process aimed at replenishing...

The OPEC+ producer group stuck to its planned crude oil output increase during its meeting on Thursday, announcing a widely expected 432,000 bpd increase...

Russia's crude oil and condensate output fell almost 9% month-on-month in April to 10.05 million bpd, according...

Dubai crude oil prices rallied 2% Thursday, catching up with gains in Brent, while diesel cracks continued...

Japan's industry minister has expressed reluctance in following the European Union's plans to ban oil imports from Russia due to...

Crude oil futures Wednesday rallied sharply after European Commission President Ursula von der Leyen proposed new sanctions against Russia...

The backwardation in European middle distillate markets fell sharply by the Wednesday close...

US product oil product stocks rebounded to a one-month high by the end of April despite a slowdown...

Norwegian energy major Equinor reported a record net operating income of $18.4 billion during...

A wave of protests at key Libyan oil fields and ports last month have had only a limited direct...

OPEC+ sees a surplus of 1.9 million bpd in 2022, 600,000 bpd higher from its last forecast, amid expectations of slower demand growth...

Dubai crude oil prices edged higher Wednesday following the four-day extended Singapore weekend...

Refiner margins are expected to remain strong for at least several quarters as some...