Americas Crude Oil News

OPEC+ crude production eased in November as several members of the group that had be productizing above agreed quotas trimmed output...

North American drilling activity edged higher for a fourth consecutive week although the gains were again modest...

US producer Occidental Petroleum has agreed to buy the independent shale driller CrownRock...

Fitch Ratings has raised its oil price forecast for 2024, making a case that tightening OPEC+ discipline will keep markets in deficit...

Asian crude values increased for a second session as East-of-Suez markets continued to pull away from recent five-month lows Monday, while demand from...

Combined net length on WTI and Brent futures sank to their lowest in more than ten years in the aftermath...

UN negotiators continued to whittle down, or in some cases ramp up, the number...

Crude oil futures Friday were higher having rebounded from the previous-session's five-month lows...

The US Department of Energy has issued its latest tender to rebuild its Strategic Petroleum Reserve...

OPEC and its allies, referred to as OPEC+, cut crude oil production by 110,000 bpd in November, with Iraq making the largest contribution...

A surge in oil and gas earnings helped commodities trader Trafigura book another record year of profits, the company...

Middle East crude prices fell sharply during the week as investors remain unconvinced over the latest package cuts announced by OPEC+, while faltering demand growth...

Asian crude prices edged up from the previous session's five-month lows on Friday, while...

Crude oil futures were moving higher on Thursday as prices found a support level after slumping to five-month lows in the previous session...

Production from core OPEC members dropped in November, as Iraq and Nigeria saw lower levels as major Gulf producers stuck to quotas...

Asian crude prices slumped to five-month lows Thursday as a week-long relentless selloff continued, a move that has dragged products...

US majors ExxonMobil and Chevron announced new spending plans this week, flush with cash from record earnings...

Crude oil futures Wednesday were again struggling, having hit fresh five-month lows as reverberations from the indecisive OPEC+ meeting...

US gasoline stocks jumped by the most in nine weeks at the end of last month, EIA data showed Wednesday...

US crude oil stocks were down for the first time since September as a draw from commercial inventories was led by higher refinery...