Crude Oil News

Libyan exports remained barriered this week amid the ongoing political dispute, although tentative agreements between rival factions...

Kazakhstan is to start maintenance at the Kashagan oil and gas field next month, with works at the 400,000 bpd likely to help the...

Middle East crude prices were little changed as markets steadied in the second half of the week, while the selloff in gasoline margins and flat...

Colombia has started shutting production at oil fields blocked by protests, its state-owned oil company Ecopetrol said late Thursday...

Crude futures sank to fresh lows Wednesday as the market awaited a decision from OPEC+ over its production cuts...

US commercial crude oil inventories extended the summer trend of lower stockpiles, posting a ninth draw in the last 10 weeks...

Crude oil futures were Thursday were cautiously higher on reports that OPEC+ was set to delay planned increases, having tested 16-month lows...

US gasoline inventories bounced back from 2024 lows last week as demand stalled at the end of the summer driving season...

OPEC+ has agreed to delay its unwinding of production cuts planned from October by two-months after crude prices this week slumped to their lowest levels of 2024...

Saudi Aramco's Official Selling Prices (OSP) for October-loading crude oil are likely to be delayed, as OPEC+ officials thrash out details...

Middle East crude prices stabilised at around yearly lows Thursday as markets waited on further news from OPEC+ and Libya, while...

Phillips 66's CEO Mark Lashier expects as much as 700,000 bpd of global refinery capacity to be taken out of the market next year as its less-competitive peers struggle with lower margins...

US crude exports eased off just under 1% in July as monthly figures from the US Census Bureau published Wednesday called crude oil exports...

Libya's petroleum industry remained severely constrained heading into the back end of the week after rival factions made tentative...

Crude oil cargo arrivals in Taiwan fell sharply in July as the appetite for both US and Saudi barrels eased amid weaker domestic refinery...

US crude oil inventories posted an unexpectedly steep draw for the week ending 30 August, while stockpiles of refined products nudged lower...

Crude oil futures Wednesday remained under strong downwards pressure, amid concerns over weak economic growth and reports that rival...

Crude futures sank to fresh lows Wednesday as the market awaited a decision from OPEC+ over its production quota...

Norway's government will face an appeals court Wednesday to overturn court injunctions against three developing oilfields in the North Sea in a bid to reverse an earlier verdict that rendered permits invalid on environmental grounds...

Attempts to salvage a burning oil tanker in the Red Sea have been called off, after crews came under fire from Houthi rebels despite...