Crude Oil News

Middle East crude were steady for a second session, holding close to six-month highs, while the product side is still pricing in fresh sanctions...

South Korea's crude oil imports slumped in December as arrivals from the Middle East fell while a slight rebound in imports of US barrels...

The monthly output of crude oil and natural gas condensate in Azerbaijan rose to 609,000 bpd in December, the highest since December last...

Naphtha has struggled to keep up with crude's stellar start to 2025, as higher flatprices push feedstock margins deeper into negative territory...

US operator Colonial has shut its largest refined products pipeline to investigate a potential leak in Georgia...

Crude oil futures were drifting lower as markets took stock after the steep rally since the US and its allies announced tighter sanctions...

Benchmark crude oil futures lost momentum on Tuesday as markets absorbed the impact of tighter sanctions on Russian oil shipments...

The US Energy Information Administration (EIA) expects downward pressure on global oil prices this year and into 2026...

Strong demand for gasoline and jet fuel pushed French oil demand slightly higher last year...

Premiums for flagship crude grades surged to the highest levels in over two years, as the latest round of sanctions sent refiners scrambling...

The Czech Republic has completed upgrades to the Transalpine Pipeline (TAL), Prime Minister Petr Fiala announced on Tuesday, marking the...

Austria's OMV expects a positive impact to its fourth quarter earnings of more than $500 million from the resumption of Libyan...

The volume of ship-to-ship transfers of sanctioned Russian oil near China could spike in the short term if the two countries were to maintain the trade flow in the...

BP has added its name to the list of refiners warning investors of underwhelming results for the fourth quarter, citing weaker refining margins...

Crude production from OPEC+ was little changed in December with a reduction from the UAE offset by more modest increases elsewhere...

Outright Middle East crude steadied after consolidating early week-gains Tuesday, which helped put a brake on the recent retreat in...

Bullish bets on WTI crude futures last week hit their highest level since October 2023, delayed commitment of traders' data showed Monday...

US refiner PBF Energy will shut unspecified units from Tuesday at its Torrance refinery in Los Angeles for one week of planned maintenance...

Preliminary Texas crude oil production figures from the US state's oil and gas regulator suggest October output could rank in the top five...

Benchmark crude oil futures opened the week sharply higher as US sanctions on Russia and the prolonged cold snap continued to bolster prices...