Crude Oil News

US oil refiner Phillips 66 announced Wednesday that it will shut operations at its 139,000 bpd Los Angeles refinery before the end of next year...

The volume of crude oil arriving in South Korea in September dived 14% from August to 11 million mt or 2.68 million bpd as imports of...

Japan's crude oil throughput rebounded last week to lift inventories of refined products to the highest last seen since January, government data...

Japan's crude oil imports last month fell more than 11% compared to the same month last year at 2.24 million bpd, the latest data from...

Australia's Woodside Energy announced record quarterly gas and oil production during the Q3 2024 period, underpinned by...

Benchmark crude oil futures were little moved Wednesday, with fears of an escalation in conflict in the Middle East fading as supply disruption in Iran...

India imported around 1.9 million bpd from Russia in September, rising 12% over the month to account...

Crude oil futures steadied after two sessions of sharp losses, as a large part of the geopolitical risk premium...

Nigeria's upstream regulator has reportedly blocked Shell's sale of its onshore assets, amid concerns over the proposed consortium's...

Iraq's State Oil Marketing Organization (SOMO) has increased the OSP on its key export grade for Asia in November...

Authorities at Iran's main oil export terminal are working to contain an oil spill...

Escalations in regional conflicts have revealed open wounds in our current global energy climate, according to the IEA...

Middle East crude further extended early week losses Wednesday although markets looked to be finding some support, but prices for naphtha in...

Global refinery margins sank to their lowest seasonal level since the Covid pandemic last month, according to the EIA...

Australia's crude oil processing slumped in August amid refinery turnarounds that coincided with a fall in refined product imports, while...

Benchmark crude oil futures continued their descent Tuesday, cascading on reports that Iranian oil infrastructure would remain unscathed...

Crude oil futures were sharply lower amid reports that Israel will not target Iran's oil infrastructure, easing fears over the potential for...

TotalEnergies has warned investors of underwhelming downstream results this quarter, citing weak refining margins that have gripped the...

Australian refiner Ampol will perform additional maintenance at its Lytton refinery next month as it struggles with weak margins, with cracks...

TotalEnergies is restarting units at two of its French refineries after completing scheduled maintenance...