Crude Oil News

UK oil inventories climbed to a 43-month high in July as imports surged, official data showed Thursday, whilst peak summer travel spurred...

US crude production hit a new record high of 13.325 million bpd last month, according to the latest EIA data...

Saudi Arabia is set to start increasing oil output from December after sidelining its nominal price target, according to a report in...

China's independent oil refiner Shandong Yulong Petrochemical with a total designed capacity of 800,000 bpd has started operations this...

et fuel inventories in Japan rebounded last week as local refiners gear up for the upcoming winter travel season to avoid another supply shock...

Brent futures Wednesday rowed back from highs of around the $75/b mark, after the initial boost from China's stimulus package ran its course...

Crude futures were lower Wednesday as support drained from China's stimulus and Middle East tensions...

US commercial crude oil inventories posted a 11th draw in the past 13 weeks as stockpiles sunk to a fresh lows...

US gasoline stocks fell last week as demand rebounded after Hurricane Francine, while supply was still impacted by the category 2 storm...

European diesel arrivals are on track to hit fresh highs this month with two more VLCCs set to land this week...

Maintenance at the giant Kashagan oil field in Kazakhstan will run through October until 10 November, the country's energy ministry...

Thailand's crude oil and natural gas condensate imports slipped to their lowest level since February in August, pulling back drastically...

Brazil's Ministry of Mines and Energy has called for more investment in both its upstream and downstream oil sectors...

Middle East crude markets edged up Wednesday as geopolitical tensions and China's stimulus package helped to consolidate gains...

Talks between Marathon Petroleum and the Teamsters union have reached a deadlock as the strike at the 140,000 bpd Detroit refinery...

OPEC have stood by their guns in their latest annual forecast, maintaining a bullish outlook on long-term oil demand that had recently backed...

US speciality refiner Vertex Energy declared Chapter 11 bankruptcy on Tuesday, a few months after it reversed plans to...

US crude oil inventories posted a steeper-than-expected draw for the week ending 20 September, while product stockpiles...

Operators in the Gulf of Mexico have started precautionary evacuations of rigs and production shutdowns as Storm Helene...

Crude oil futures Tuesday were climbing higher, underpinned by the escalation in Middle East hostilities and the latest stimulus package...