Crude Oil News

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...

Brent struggled to hold on to the week's earlier gains on Thursday as the IEA warned of a looming supply surplus next year...

Crude oil futures were steady Thursday, with investors looking for details on Beijing's plans to boost China's stumbling economy via...

OPEC and its allies boosted oil production by 320,000 bpd in November, led by significant increases in Libya and Kazakhstan...

Russia's state-owned Rosneft has signed a 10-year deal to supply India's privately owned Reliance Industries with 500,000 bpd...

ARA product stocks were broadly flat this week as a seasonal jump in gasoline was matched by a fall in jet and fuel oil...

Iraq's SOMO has reduced the OSP on its key export grade for Asia in January 2025, following the broader regional trend

The International Energy Agency (IEA) forecasts a global oil surplus of up to 1.4 million bpd in 2025, even as demand rises by 1.1 million...

Jet fuel's premium over diesel in northwest Europe is at its widest in about a month, with imports seen slowing sharply this month with arbs...

Spain's refineries produced their lowest volumes of the year in October, official figures showed Thursday, with gasoline production slumping...

Middle East crude climbed to monthly highs as sentiment pivoted to the upside, while gasoline margins continued to firm amid tighter...

Canada's Suncor has been forced to shut an unspecified unit at its 85,000 bpd Sarnia refinery, a few weeks after the fire brigade were called

European crude oil and refined products markets were higher during Wednesday's session, lifted by expectations of dovish economic policy...

Lower oil prices and sufficient global supplies is allowing the US and its allies to look for "creative" ways to target Russia with additional sanctions...

Azerbaijan's crude oil and natural gas condensate output continued to recover last month to hit its highest levels since April, monthly...

US commercial crude oil inventories registered a moderate drop of around 1.4 million barrels during the latest reporting cycle...

Crude oil futures were climbing higher on growing expectations of further China stimulus, while speculation on tighter sanctions...

Goldman Sachs expects oil tanker freight rates to decline steadily over the next two years as fleet growth outpaces demand, easing the...