Crude Oil News

US inventories of middle distillates climbed to their highest levels in four weeks as robust refinery output was met with underwhelming...

US gasoline inventories climbed for the second straight week as implied demand slumped to its lowest since April...

Libya's oil exports fell to fresh lows last week, data from Kpler showed Wednesday, with the National Oil Corporation (NOC) suspending...

Poland's Orlen group said Wednesday it had made a "large discovery" in the western part of the country...

Asian crude markets were lower for a sixth session as Dubai again played catchup with late Brent in the previous session, a move that...

Refined product stocks in EU-16 countries were all higher over the month in July as refineries ran more crude...

Oil drillers along the US Gulf Coast placed operations on ice Wednesday, continuing to evacuate employees from drilling rigs and...

NNPC and Chevron have targeted production from its Nigerian joint ventures to reach 165,000 bpd by the end of the year...

Operators in the Gulf of Mexico have shut in around a quarter of oil and gas production as Hurricane Francine makes its way toward...

US crude oil inventories posted a steeper-than-expected draw for the week ending 6 September, while stockpiles of gasoline...

Refined oil product stocks in Japan continued to recover as higher crude throughput boosted light end and middle distillate inventories, offsetting a...

The EIA has slashed its global oil demand forecast for both 2024 and 2025 on weaker-than-expected Chinese and European data but remained...

Crude oil futures in European morning hours Tuesday were slightly lower as benchmarks struggled to build on early week gains...

ICE Brent crude futures dropped below $70/b Tuesday for the first time in three years as OPEC added to oil demand...

OPEC made further downward revisions to their forecast for global oil demand growth in 2024 on Tuesday, marking the cartel's second...

Oil markets have become increasingly desensitised to geopolitical events with sluggish demand growth and low refining margins...

US natural gas futures steadied Tuesday after Monday's retreat, as speculators weighed the effects of Storm Francine on LNG demand...

Middle East crude markets were again under pressure Tuesday as Dubai posted fresh 2024 lows, but HSFO backwardation steepened amid...

Azerbaijan's crude oil output slipped to its lowest level in over four years last month as crude and condensate slipped 6% on the month to...

China's third batch of clean oil product export quotas this year is said to be small as crude throughput is expected to...