Crude Oil News

BP is expected to restart a crude unit at its 400,000 bpd Rotterdam refinery in the coming days after an unplanned outage just over a week ago...

UK energy group INEOS has agreed to buy CNOOC's oil and gas assets in the US Gulf of Mexico, the two companies announced over the weekend...

Middle East crude opened the week higher with markets catching up following the Brent gains after Asia had closed on Friday, putting a...

Union workers at Marathon Petroleum's 140,000 bpd Detroit refinery have voted to ratify a new labour agreement, ending a strike that had...

China's crude oil throughput rebounded in November on the back of higher cargo arrivals during the month as independent refiners ramped up purchases after...

QatarEnergy is set to acquire a 27.5% working interest in Block 2813, offshore Namibia under a new agreement with...

Global investors last week placed more bets on diesel prices falling as slim arbitrage margins throttled exports from the US and Asia while...

Nigerian authorities have confirmed an oil spill at Shell's Bonny export terminal over the weekend...

QatarEnergy has issued a sell tender for its keenly-watched Al Shaheen grade, with premiums for the Middle East medium sour crude expected...

North American drilling activity steadied despite a drop in the number of rigs in the Texas energy hub...

Libya's National Oil Corp. (NOC) declared force majeure at its Zawiya refinery on Sunday after armed clashes damaged storage tanks...

Brent crude futures were higher Friday with US-led sanctions back in focus, to help mark its first weekly gain in three...

Crude oil futures were climbing higher Friday to consolidate the week's moderate gains, underpinned by hopes of a boost from China...

The UAE will slash oil shipments by more than 200,000 bpd from January as part of the wider agreement among OPEC+ members to tighten...

Trafigura Group posted a significant 62% drop in net profit for its 2024 financial year, recording $2.8 billion, as the company absorbed...

Middle East benchmark Dubai crude ended the week firmer, underpinned by promises of further stimulus measures to boost China and the...

London-listed African independent Seplat Energy has completed its acquisition of ExxonMobil's onshore and shallow water oil assets...

Middle East crude eased slightly on the day but still posted comfortable weekly gains, while gasoline cracks continued to firm to near...

Kosmos Energy's possible takeover of the UK's Tullow Oil would merge two similarly sized, West Africa-focused hydrocarbon producers...

French oil product demand fell back last month after a strong October, as diesel consumption contracted sharply after the agricultural season...