Crude Oil News

Crude oil production from the US Federal Offshore Gulf of Mexico will remain relatively flat with new fields offsetting natural declines...

Goldman Sachs expects oil prices to rebound in Q4 2024 as concerns over demand weakness fade amid strengthening expectations that inventories...

India's refined product demand looks set to fall again this month, preliminary data showed Monday...

North American drilling activity rebounded strongly as the rig count registered the steepest weekly gain in a year...

The Nigerian National Petroleum Company Ltd. (NNPC) increased the price of gasoline once again on Monday as supply from the 650,000 bpd...

Middle East crude opened the week lower as markets caught up following the Brent retreat after Asia had closed on Friday, while...

Australian deliveries of road fuel and jet recorded their highest ever reading for July, official data showed Monday...

South Korean crude oil imports rose sharply in August to a two-year high at 12.79 million mt as refineries boosted their throughput amid the...

Kazakhstan's crude oil output dropped 6% on the month in August to a one-year low as field maintenance at the Tengiz field helped the...

Offshore operators in the Gulf of Mexico have restored over 50% of the crude production taken offline as a precaution...

Money managers shifted their stance on Brent crude oil futures last week with speculative positions in a net short for the first time since...

Chinese crude oil throughput struggled to pick up in August on the back of thin margins and regional supply overhang, the latest...

Offshore operators in the Gulf of Mexico have started redeploying staff to rigs following precautionary shutdowns, although the volume...

Crude oil futures Friday were little changed, although production losses in Libya and the Gulf of Mexico...

Crude futures and European product prices slipped Friday but still ended the week higher as US Gulf onshore...

Offline Russian oil processing capacity is expected to reach 3.87 million mt or around 950,000 bpd this month, equivalent...

TotalEnergies is about to restart an unspecified at its 216,000 bpd Donges refinery on the French Atlantic coast...

Asian crude markets nudged higher for a second session Friday but early week losses still cemented another losing week, while gasoil...

Middle East crude benchmarks extended the summer-long downwards spiral despite recovering from lows, as broader demand concerns...

Kazakhstan exported 43.8 million mt of crude oil via the Caspian Pipeline Consortium's (CPC) export route to the Black Sea between...