Crude Oil News

US refiner PBF Energy has responded to criticism from Californian lawmakers that have accused the company and its peers of ripping off...

Trafigura said it has uncovered  serious misconduct by individuals in its Mongolian business, resulting losses...

Repsol is already seeing a recovery in refinery margins after a difficult third quarter, which saw profits halved from the same time last year..

Australian oil producer Karoon Energy said October 2024 production at its recently acquired Who Dat oil and gas development...

Spain's governing Socialist party reached an agreement Thursday to scrap its energy windfall tax that has been heavily criticised...

OPEC+ is considering a further delay to scheduled planned production increases according to Reuters, while the broader market is split...

Turkey's crude oil imports slumped almost 35% on the month in September as refinery maintenance throttled demand, government data showed...

Rosneft's 240,000 bpd Tuapse refinery is expected to resume operations next month, having been offline in October because of weak margins...

The average price for Middle East benchmark posted a first gain in five months, with the trading cycle dominated by geopolitical tensions...

Asia commentary and pricing are suspended Thursday due to a Singapore holiday. A normal publishing schedule will resume 1 November...

Benchmark crude oil futures edged higher Wednesday as falling inventories in the US coincided with reports that OPEC+ would delay...

The US imported a record 4.3 million bpd of Canadian crude in July after the Trans Mountain pipeline completed its expansion...

Crude oil futures Wednesday staged a healthy rebound, as benchmarks found some support from speculation on OPEC+ policy...

Spanish oil major Cepsa has rebranded itself Moeve as part of its strategy to become a leader in sustainable energy and mobility and...

US commercial crude oil inventories posted an unexpected draw despite domestic production holding close to record levels...

The UK government raised its windfall tax on North Sea oi and gas producers Wednesday and extended it by another year...

Ukraine and Russia have started early talks that would see the two belligerents avoiding attacking each other's energy infrastructure...

AkerBP's profits over the third quarter underwhelmed initial forecasts as scheduled maintenance across oilfields coincided with...

Crude oil production from Mexico's state-owned Pemex slumped to a fresh low for the year in September, while refinery output was up...

Benchmark Dubai posted a relatively firm finish to the October trading cycle ahead of the Singapore holiday, while gasoil cracks continued...