Americas Crude Oil News

VLCC tanker rates have surged over the past week, allaying fears of post-OPEC+ slump in shipping demand after Saudi Arabia...

Crude oil Wednesday futures were little changed after surrendering earlier gains as EIA data revealed a sharp build in US oil stocks, offsetting China's...

US commercial crude oil stocks in the first week of June posted their largest build since early February...

Shell announced plans to cut its capex spending, boosting its shareholder distribution while maintaining...

Russian revenues from exports of crude and oil products in May fell to its second lowest monthly level...

Middle East crude markets sharply higher Wednesday, largely regaining early-week losses, but were...

Oil demand growth will slow rapidly in the next few years and peak altogether for combustible fossil fuels...

Crude oil futures Tuesday were sharply higher as markets rebounded from two sessions of heavy losses, underpinned by slowing US inflation...

CitiGroup's Ed Morse and leading a bearish voice among oil commentors for the past 18 months has reiterated his negative outlook for crude oil...

The crude oil producer group OPEC warned that high inflation and rising interest rates may cause...

Middle East crude markets were slightly lower Tuesday, consolidating close to monthly lows...

Oil service companies NexTier Oilfield Solutions and Patterson-UTI Energy have held talks over a potential merger in what could be...

Crude oil futures in European trading hours Monday were trading lower, extending Friday's late sell-off as focus comes back...

Iraq's SOMO has slightly lifted Official Selling Prices (OSP) on its key export grade for Asia in July...

Goldman Sachs has cut its forecast for Brent crude oil for December 2023 by $9/b to $86/b...

Middle East crude markets opened the week sharply lower, caching up with Brent losses from...

North American drilling activity shrunk for a sixth consecutive week, something not seen since the summer of 2020...

The US Department of Energy has awarded contracts to purchase 3 million barrels of US-produced...

Investors added to net length in crude and diesel last week, spurred by Saudi Arabia's unilateral...

Saudi Arabia and its OPEC+ allies are trying to combat "uncertainties and sentiment" in the oil market by taking proactive measures....