Crude Oil News

Equinor has closed transactions exiting its upstream businesses in Azerbaijan and Nigeria, with a total consideration of up to $2 billion...

North American drilling activity registered a sharp increase during the first week of December after three consecutive falls...

Salvagers have successfully offloaded crude oil from a stricken oil tanker that was struck by Houthi missiles in August...

Money managers boosted position on higher crude prices last week ahead of the OPEC+ decision to extend production cuts...

Saudi Aramco has cut the OSP for its flagship Arab Light crude loading in January 2025, reflecting the lower cash cargo premiums...

Brent was lower again Friday as the market digested the OPEC+ decision to extend production cuts into next year, while diesel lost more ground on signs of oversupply...

Official data released Friday showed Indian oil demand racing higher last month, as the world's fastest-growing large economy...

Crude oil futures Friday were drifting lower, as OPEC's decision to stick with current policy for now was met with a lukewarm reception...

Goldman Sachs has stood by its $76/b Brent forecast for 2025 as rising global crude inventories outweigh the prolonged tightening...

Dutch energy firm Varo Energy is reportedly weighing a deal for Preem's two Swedish refineries...

Russian oil supplies to the Czech Republic resumed via the Druzhba pipeline on Friday, according to the CEO of its largest refiner...

azakhstan shipped a total of 30,000 bpd of crude to Germany in the first eleven month of the year, up 60% from the same time in 2023...

East of Suez prices were slightly lower Friday with this week's OPEC+ decision seen as only enough to maintain current prices, a move that put...

US oil and gas giant Chevron will slash investment in the Permian Basin to between $4.5 billion and $5 billion in 2025, reducing capital expenditure...

Crude oil futures were were little changed with the OPEC+ decision to delay planned output increases seen as only moderately supportive...

Benchmark crude futures ended the day lower after OPEC+ announced it was extending its production cuts

US crude exports rebounded from 2024-lows in October, official data showed Thursday, as hurricane disruption eased...

ARA product stocks rebounded this week as gasoline hit fresh one-year highs, while the cold snap sweeping across many parts of Europe saw...

Northwest Europe is on track to receive a record 1.6 million mt of diesel from the US Gulf this month, as a surge in refinery output...

The Czech government has authorised the release of crude oil from its state reserves to maintain supply to its largest refinery...