Crude Oil News

India will continue to snap up discounted Russian crude so long as the selling entity is not a sanctioned company...

East of Suez crude prices nudged higher on Wednesday and largely tracked moves in Brent, while gasoil found buying interest after...

India's government has scrapped a windfall tax on domestic crude oil production, effective Wednesday...

Motor Oil said Wednesday it had extinguished a fire at its 200,000 bpd Agioi Theodoroi refinery near Athens...

A major storm is on track to hit China's east coast on Thursday, marking the second of its kind in one week to pose a threat to energy logistics as...

Japan's crude oil imports in August remained significantly weaker than last year as poor margins continued to cap...

US crude oil inventories posted a steeper-than-expected build for the week ending 13 September, while product stockpiles also increased...

Crude oil futures Tuesday were moving higher after benchmarks initially consolidated early-week gains on hopes that the US Fed...

Crude and European product prices were little moved Tuesday as the market waits for the US Federal Reserve's decision on interest rates...

The world's cheapest natural gas is set to get a little more expensive with a supplementary pipeline in Texas providing a new gateway...

South Sudan has agreed a deal with its neighbour Sudan to resume oil exports after repairing a vital pipeline...

At least two European refiners were heard to have cut runs this week as producers struggle with oversupply and weak margins...

China's state-owned oil refiner Sinochem has declared bankruptcy for two subsidiary refineries, the latest sign of an ongoing industry...

The UK oil and gas industry is set to meet emission targets ahead of the 2030 deadline, representatives of North Sea oil and gas...

East of Suez crude prices edged higher Tuesday although Asian markets were largely following western benchmarks ahead of the US rate...

Salvagers have successfully towed a burning crude tanker from the Red Sea without any oil spillage after Houthi rebels thwarted...

Marathon Petroleum reported a naphtha leak at its 631,000 bpd Galveston Bay refinery in Texas...

Offshore operators in the Gulf of Mexico have continued to ramp up production with over 500,000 bpd of crude restored...

Brent crude futures rebounded Monday from Friday's late sell-off, but ended the day flat as the market weighed lingering oil demand concerns against supply issues, while diesel cracks slumped to fresh lows...

rude oil futures Monday were climbing higher, as benchmarks rebounded after Friday's late sell-off had erased...