Crude Oil News

A fire hit one of the crude distillation units at Sinopec's Zhenhai refinery Tuesday evening, but no casualties or injuries were reported, the company...

Crude oil futures Tuesday were climbing higher, overturning earlier losses following reports that a key Chinese port is set to ban sanctioned...

Benchmark crude oil futures continued their ascent Tuesday despite concerns about escalating US-China trade tensions...

US crude oil exports climbed to their highest level in nine months in November as resurgent Asian demand coincided with easing hurricane...

The US government has placed Chinese oil major CNOOC on a military blacklist due to its ties to the People's Liberation Army (PLA), citing...

China's Shandong Port Group has barred US-sanctioned oil tankers from docking, unloading, or receiving services at its key terminals...

Canada's Suncor Energy delivered record operational results in the fourth quarter of 2024, the company announced Monday, driven by strong...

Oil and gas executives operating in the southern oil-producing states of the US expect energy prices to end 2025 slightly below current levels...

Middle East crude prices eased slightly from the three-month highs Tuesday after the rally in benchmarks ran out of steam...

Crude oil output from core OPEC members eased by just over 100,000 bpd in December after the UAE reined in production...

Goldman Sachs said Chinese demand for crude oil could drop further in the coming week as independent refiners in the country continue to...

ExxonMobil filed a lawsuit on 6 January alleging California Attorney General Rob Bonta and several environmental groups defamed the company...

Phillips 66 is set to buy EPIC NGL for $2.2 billion, boosting its position in the fast-growing natural gas liquids (NGL) market as Permian...

Speculative bullish sentiment in the crude oil and diesel market continued to improve into the end of 2024 as money managers shifted their...

Benchmark crude oil futures were rising for a sixth consecutive session Monday as markets braced for the colder weather gripping much of the...

Crude oil futures Monday were marginally higher, as cold blasts in the US and Europe underpinned the firm start to 2025...

The CEO of Frontline, the world's largest publicly traded oil tanker operator, has criticised the International Maritime Organization (IMO)....

The Biden administration is set to introduce further sanctions targeting Russia's shadow tanker fleet, which transports crude oil sold...

Goldman Sachs believes that Iranian output will only decline by around 300,000 bpd despite sales being targeted by further sanctions...

Maintenance at Kazakhstan's Tengiz oil field, the country's largest, is set to conclude by mid-January, according to local media reports...