Crude Oil News

Citi has cut its crude oil price forecast after a weekend attack by Israel on Iran, saying it sees the chances of wider conflict affecting the...

Sinopec's profits over the third quarter declined by 52% over the year as lower energy prices met falling output...

China's oil giant PetroChina is shutting down its 410,000 bpd Dalian refinery amid weaker refining margins and is eyeing a new refining...

Iraq has once again reaffirmed its commitment to OPEC+, pledging to cut output and produce within targets set by...

Nigeria's Dangote refinery has shipped its first gasoline cargo as operations at its vital RFCC unit continue to ramp up...

Middle East oil crude prices were lower after what was deemed a relatively muted strike by Israel against Iran, while the Asian regrade...

Energy major Shell is working to restart the hydrocracker at its 234,000 bpd Norco refinery in Louisiana on Friday after it was shut in...

South Korea may consider extending fuel tax cuts further if the current volatility in the global oil market persists beyond 2024, the...

North American drilling activity was unchanged as a small dip in oil rigs was offset by a similar increase in the gas count...

Weak manufacturing data out of Europe and China during the week ending 22 October prompted investors to add more diesel exposure...

Crude and products edged higher Friday as supply concerns returned with escalating Middle East conflict, while LSGO futures firmed to fresh...

Crude oil futures Friday were marginally higher as benchmarks headed for modest weekly gains of...

Dubai crude ended the week slightly lower, as geopolitical tensions gave way to concerns over slowing demand growth end...

Neste has cancelled plans to build an electrolyzer to produce renewable hydrogen at its Porvoo refinery in Finland...

Middle East oil crude prices were lower with markets catching up with the Brent retreat after Asia had closed in the previous session, while diesel in Asia is...

Benchmark crude futures sunk lower Thursday as easing supply concerns compounded with persisting macroeconomic weakness, while LSGO...

Refiner Neste was the latest company to see a big drop off in margins last quarter, telling investors Thursday that it saw an average Q3 margin...

Lower global refinery utilisation rates and expectations of demand growth out to the year-end should start to boost struggling cracks...

Iraq's crude sales were steady last month as it shipped 3.31 million bpd of crude through September, its oil ministry said Thursday...

TotalEnergies is restarting an unspecified unit at its 220,000 bpd Donges refinery on the French Atlantic coast