Crude Oil News

India's diesel demand surged over the month in October, while gasoline sales rose by 5% as subsiding monsoon rainfall spurred increasing...

Adnoc has increased the Official Selling Prices (OSPs) for December-loading crude, with its flagship Murban grade set at...

Middle East crude prices retreated Wednesday as benchmarks surrendered early-week gains, while gasoline cash diffs flipped back into a...

Hurricane Rafael is expected to slam into Cuba later Wednesday before re-emerging in the Gulf of Mexico as a powerful storm...

US crude oil inventories posted a larger-than-expected build the week ending 1 November, while stockpiles of refined products...

The cost of transporting residual fuel from the Middle East to Singapore rose sharply in recent weeks amid strong fuel oil exports to Asia ...

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

Crude oil futures Tuesday were higher as benchmarks initially consolidated and then extended the early-week gains...

Benchmark crude oil futures climbed higher Tuesday as easing oversupply concerns met expectations of escalating conflict in the Middle...

US refiner Marathon Petroleum expects margins to recover next year and beyond as it reported a slump...

US crude exports fell to their lowest level of the year in September, official data showed Tuesday, as hurricanes across the US Gulf Coast severed...

As the market braces itself ahead of the US Presidential Election outcome, investors are speculating over the likely implications of...

Goldman Sachs is expecting refinery margins to recover before the end of the year after a difficult third quarter...

Saudi Aramco reported a 15% slump in third-quarter profits for 2024 versus last year amid lower prices...

Global demand for road fuels may have peaked but oil sales will continue to grow over the coming decade due to non-OECD demand…

Middle East crude prices were higher Tuesday as benchmarks strengthened after OPEC+ delayed the planned output hike, while gasoil...

An explosion at Tupras' 230,000 bpd Izmit refinery near Istanbul has been brought under control with no injuries...

US oil and gas prices increased in the early part of the week after a weather system threatening the Gulf of Mexico was upgraded...

Oil production from the 12 core OPEC members recovered from 2024 lows during October as Libyan output rebounded, while Iraq led the cuts..

Brazilian crude oil output continued to recover through September to touch its highest levels since the turn of the year, although...