Crude Oil News

Crude oil futures Monday were sharply higher as benchmarks rebounded from the post-US election lows as risk-on sentiment...

Norway's Equinor has halted production at its Sverdrup oilfield, one of the largest in the North Sea, due to an onshore power outage...

East of Suez benchmark Dubai crude tumbled to the lowest level of 2024 Monday, coming just two week's before the OPEC+ gathering...

North American drilling activity registered the first movement in nearly a month after flatlining...

Saudi Arabia's crude production remained constrained in September on recently extended OPEC+ cuts...

in Leong founder Lim Oon Kuin has been hit with a prison sentence of over 17 years after being found guilty on charges of cheating and forgery...

Goldman Sachs expects oil prices to average $76/b in 2025 as bearish fundamentals weigh on short-term risks to supply under the new Trump...

Middle East crude opened the week slightly lower as prices remained under pressure, but lower crude prices helped lift gasoil margins...

French oil product demand recorded its highest October total since at least 2019, industry data showed Monday...

Sinopec and Saudi Aramco have begun construction work on a large oil refining and petrochemical cracking complex in the southern Chinese...

Azerbaijan's crude oil and natural gas condensate output continued to rise in October after production had dropped to the lowest since ...

Money managers continued to increase net long exposure in gasoline futures last week beyond the six-month-high mark, shrugging off...

Crude oil futures were trending lower Friday, with markets heading for weekly declines after struggling to rebound from the losses...

Quantum Commodity Intelligence – Benchmarks lost their footing Friday, ending the week lower despite having risen consecutively over the past...

European gas prices jumped Friday after Austria's OMV said Russia will cut off fuel deliveries on Saturday morning

Spain's Moeve reported a third-quarter loss Friday, its second this year, as weak refinery margins and a drop in domestic sales...

Kazakhstan's crude oil production dropped in October 2024, impacted by extended maintenance at the Kashagan field...

Middle East crude prices resumed the downward slide Friday to leave benchmarks lower on the week, but product margins were still...

QatarEnergy has awarded its monthly Al Shaheen tender for January 2025 at the lowest premiums in almost a year, further jeopardising...

Imperial Oil and Suncor are both shutting down unspecified units for planned maintenance at their Sarnia refineries in Ontario, Canada...