Crude Oil News

OPEC has again trimmed its forecast for global oil demand this year and next, once more citing lower-than-expected growth from Asia...

US crude oil inventories posted a second weekly small build in the week ending 6 December, while stockpiles of refined products...

Kerosene stocks in Japan continued to slide last week amid the peak winter heating season despite local refiners ramping up crude runs to the...

Middle East crude edged higher as Dubai continued to outpace Brent this month, while gasoline cracks continued to push higher...

Norway will halt public financing for new international fossil fuel projects from January 2025, delivering on a commitment...

The US Energy Information Administration (EIA) has lowered its 2025 Brent crude oil price forecast to under $74/b, down from almost...

Brent crude oil futures consolidated gains on Tuesday after markets digested the news of Syria's president being overthrown...

Chevron has completed a major upgrade of its Pasadena, Texas refinery, increasing its capacity to process lighter crudes by nearly 15%...

Malaysia's refined oil products output fell sharply in October as weak regional demand was compounded by an unplanned refinery...

Operations on the Moselle River remain heavily disrupted following a Sunday barge collision that left around 70 ships stranded, raising...

Middle East crude was little changed for a second session as markets looked for direction, while marine fuel spot prices remained under...

Swiss prosecutors have demanded $156 million in penalties and a four-year prison sentence for former COO Mike Wainwright in a...

Crude oil futures in European trading hours Tuesday were slightly lower as benchmarks struggled to hold early week gains...

Chinese imports of crude oil soared in November as Beijing's allocation of extra import quotas led to a rush of spot purchases while product exports...

Crude oil futures opened the week higher after further upheaval in the Middle East added another layer of uncertainty for regional politics...

Crude prices were higher Monday with events in Syria and more economic stimulus in China adding support...

An accident on the Moselle river has suspended traffic through the lock that connects Luxembourg and parts of Belgium to the Rhine river...

At least two people died Monday with several others injured after an Eni fuel tank exploded in the town of Calanzano...

AI's integration into the oil and gas sector is revolutionising exploration, production, and distribution processes, the International...

Middle East crude opened the week marginally lower as traders digested the Saudi OSPs, while strong volatility was seen in the products...