Crude Oil News

OPEC and its allies trimmed production by a modest 60,000 bpd in December, with small reductions recorded by several producers...

Qatar has awarded its Al Shaheen tender for March at the highest levels since 2022, after the latest round of sanctions sparked a scramble...

The former chief executive of Orlen's Swiss-based trading arm has been detained in the United Arab Emirates (UAE) as part of an ongoing...

Middle East crude prices surged to fresh six-month highs Thursday as disruption caused by Russian sanctions lifted markets again, but gasoil...

The South Korean government said it is looking to import more oil from the US in a bid to reduce its dependence on Middle Eastern barrels considering...

Kerosene stocks in Japan continued to draw lower in the second week of 2025 amid peak heating season despite higher crude runs by local...

China's state-owned CNOOC and Shell have greenlighted an investment to expand a jointly owned petrochemical...

China Petroleum Pipeline Engineering issued a tender for construction materials to be used for the nearly 1,450-km EACOP pipeline project...

Crude oil futures were climbing higher as the upheaval to the supply side caused by fresh sanctions on Russia oil offset broader...

Kazakshtan's Tengizchevroil (TCO) has completed maintenance at the country's largest oil field at Tengiz, according to state-led media...

Robust gasoline and jet fuel deliveries at Exolum terminals last year point to a modest climb in overall Spanish oil demand in 2024...

Benchmark crude oil futures rebounded Wednesday as the International Energy Agency (IEA) warned of significant disruptions to global...

OPEC has maintained its outlook for global oil demand growth in 2025 at just above 1.4 million bpd, while in a first look at 2026...

Colonial Pipeline was been forced to shut its main gasoline pipeline, the country's largest, until at least Friday as it looks into a leak...

US commercial crude oil inventories registered a further weekly drop in a sequence going back to November, data published by the EIA...

US gasoline inventories climbed for a ninth straight week to reach their highest level since last March...

The International Energy Agency (IEA) has warned that global supply chains may face severe disruption this year amid intensifying trade...

Fuel oil east-west arbitrage economics is pointing firmly eastward this week after the US and its allies announced a new wave of sanctions aimed at choking...

US crude oil inventories posted another draw in the week ending 10 January but refined products registered a further round of steep gains...

Australian road fuel demand rose for the fifth consecutive month in November to reach its highest level on record, official data showed...