Crude Oil News

Operators in the Gulf of Mexico have resorted almost all of the oil and gas production that was taken offline as a precaution...

The speculative positioning on US gasoline futures appeared to have tilted more towards the bullish side last week amid a cocktail of supply concerns, including seasonal maintenance...

Crude futures fell Friday to help wipe out all the previous week's gains, with OPEC+ production quotas in focus...

Mexico's refined oil product demand retreated from July's two-year highs in August, latest monthly figures from Pemex showed this week...

Crude oil futures in Friday were drifting sideways as traders waited on further confirmation that OPEC kingpin Saudi Arabia and its allies...

Middle East benchmark Dubai crude retreated over the week, after reports that OPEC+ kingpin Saudi Arabia and allies were planning to...

Asian oil markets edged up Friday after the previous session's slump, with gasoil backwardation firming to levels not seen...

Citgo was restarting its 177,000 bpd Lemont refinery in Illinois on Friday after a power outage...

Operators in the Gulf of Mexico have started to restore some oil production after Hurricane Helene took the more easterly route...

South Korean oil refiner S-Oil has shut one of the three crude distillation units at its Onsan refinery for possibly a month-long maintenance...

Crude oil futures were sharply lower following a report that Saudi Arabia was set to sideline its alleged $100/b price target...

Crude fell more than 3% Thursday on reports Saudi Arabia was willing to hike production to recapture market share...

A UK court has approved a legal challenge from environmental groups that seeks to overturn a licence...

OPEC+ is likely to go ahead with planned production increases from December, according to a Reuters report...

Oil product stocks held in the ARA trading hub were relatively flat on the week, as builds in naphtha and fuel oil were counterbalanced by...

Libya's rival factions resumed talks Wednesday in a bid to overcome a political injunction that has paralysed the country's oil production and...

Global diesel cracks and timespreads have been boosted by interventions from both the US and Chinese federal banks in the last week...

HSFO prices out into the new year were hit by market talk of Saudi Arabia's determination to bring back heavy crude production in...

Operators in the Gulf of Mexico have extended precautionary rig evacuations and production shutdowns as Hurricane Helene intensifies...

Asian oil markets tumbled Thursday following a UK newspaper report that Saudi was set to ramp up crude production for 2025, a move that...