Crude Oil News

Distillate east-west arbs have widened sharply in recent days, with diesel and jet fuel pointing increasingly to Europe as sanctions...

Crude oil futures opened the week higher as the clampdown on sanctioned oil and US cold snap lifted prices to...

German authorities have secured a Russian-owned Suezmax tanker in the Black Sea carrying nearly 100,000 mt of fuel oil after losing...

Major investment banks estimate the latest US sanctions targeting Russia's energy sector could affect up to 1.7 million bpd of crude...

India will achieve its 20% ethanol blending in gasoline target by October, the end of the current ethanol supply year, while crude oil demand...

Middle East crude prices soared more than 5% Monday after the US and its allies launched fresh sanction targeting Russian crude...

Middle East crude opened the week over 5% higher as East of Suez markets were given first chance to react to the fresh round...

Ukraine has launched a drone attack on Russia's TANEKO refinery in Tatarstan, according to local media reports, continuing its campaign...

North American drilling activity declined for the first time in six weeks after flatlining for the past month...

Refined oil product exports by Chinese refiners slumped in the final month of 2024 despite a modest rebound in crude oil imports, government data...

Bullish sentiment in the crude oil futures market strengthened further last week as funds increased their holdings of long Brent contracts...

Benchmark crude oil futures surged on Friday as investors braced for an increasingly hostile global trade environment following fresh US...

Crude prices surged on Friday after the US Treasury unveiled sweeping sanctions targeting Russia's oil sector, escalating efforts to...

Crude oil futures Friday were sharply higher as markets consolidated a third week of positive returns amid tighter sanctions on...

Middle East benchmark Dubai crude soared to fresh three-month highs as buyers in Asia scrambled to cover potential shortfalls...

Middle East crude markets raced to three-month peaks as the early-2025 price rally continued, while gasoil hit fresh five-month highs...

Crude oil futures rebounded from earlier lows on reports that the outgoing Biden administration was set to introduce a fresh round of sanctions...

Benchmark crude oil futures rebounded Thursday as the cold snap tightened its grip on the Northern Hemisphere, helping LSGO to reach...

Shell and Chevron have kicked off oil production at the Whale platform in the US Gulf of Mexico, adding a new stream of barrels from...

Middle East shipping risks are likely to surge under a potential second Trump presidency, consultancy Ambrey said in a report...