Crude Oil News

East of Suez crude oil prices were spiralling lower Friday amid the double hit from tariffs and higher OPEC+ output, with product flat prices...

Citi has cut its 2025 global oil demand growth forecast, warning that sweeping US tariffs are dragging on economic momentum just...

ExxonMobil expects a sharp boost to first quarter earnings from higher oil and gas prices, as well as firmer refining margins.

Inventories of refinery feedstocks in China's Shandong province have risen to the highest level since early April as local refiners rushed to clear...

Goldman Sachs has lowered its expectation for crude oil prices as the US introduced sweeping tariffs on its global trading partners, while the market is also...

The US Department of Energy (DOE) has awarded a $1.4-billion contract to Strategic Storage Partners...

Western Canadian Select (WCS) heavy discounts have tightened Thursday unlike similar grades in the...

The US sour Mars Blend's premiums to Nymex oil futures fell after reports OPEC and its allies made a surprise decision to add more oil...

The UK government on Thursday approved plans to almost double passenger numbers at Luton airport...

Benchmark crude oil futures slid on Thursday, the unveiling of Washington's latest sweeping tariffs compounding an unexpected hike in OPEC+...

Daily exports of crude from the US stood at 4.30 million bpd in February, up from 3.93 million bpd for...

Oil futures gapped lower at the Asian open Thursday as the market digested the implications of a bigger-than-expected series of...

Equinor's Kollsnes gas processing plant has suspended operations following a power outage, the company announced on Thursday...

BP said Thursday that it would be axing its low-carbon mobility team, marking another casualty in the rewiring of strategy toward the...

OPEC+ announced Thursday it will be adding more oil back to the market in May than previously expected...

Middle East benchmark Dubai rowed back Thursday as the latest round of US tariffs rocked oil markets, while naphtha prices...

US crude oil, refined oil products and natural gas imports were all left out of a sweeping overhaul of the country's trade policy and look set to...

Enbridge's Line 5 has resumed service after a planned turnaround on Tuesday, company spokesman Ryan Duffy said...

Benchmark crude oil futures drifted lower on Wednesday as markets braced for further escalation in global trade tensions, while LSGO...

Commercial US crude oil inventories surged last week to the highest since July 2024 after exports plunged...