Americas Crude Oil News

EU governments have tentatively agreed to a $60/b a barrel cap on Russian seaborne oil, although the price ceiling will include an adjustment mechanism...

OPEC oil output fell sharply in November, led by top exporter Saudi Arabia and other Gulf members, following the OPEC+ agreement for steep cuts...

Middle East crude prices started the new month on a firm footing Thursday amid a firmer demand outlook...

Crude oil futures Wednesday were trading higher as speculation over the outcome of this weekend's OPEC+ meeting intensified, while markets also found support...

Commercial US crude oil stocks tumbled in the final week of November as refineries unseasonably...

US gasoline stocks build for a third straight week to hit their highest levels since mid-September...

The November monthly average price for benchmark Middle East Dubai crude was down over 5% versus the previous month...

Dubai crude eased slightly weaker Wednesday although staged a relatively strong expiry, while while distillate cracks continued to show improvement...

Underlying volumes in the North Sea Dated Brent benchmark are set to ease in January...

Crude oil futures Tuesday were slightly higher, having given up earlier gains after prices rebounded...

The OPEC+ oil producer group is likely to take further measures to stem a price decline and try to balance the market...

Dubai crude prices staged a strong rebound Tuesday with Middle East producers expected...

December exports of US crude WTI are likely to fall because of record high freight rates and weather-related disruptions to export operations...

Brent crude futures staged a late surge Monday to move into positive territory on reports OPEC+ may consider a further output cut, reversing earlier losses...

Brazil's crude output continued to creep higher through October and hit a fresh record...

BP has said it is weighing whether it will continue to publish its annual supply and demand survey of the global...

Crude and some refined products have shifted to contango on increasing signs of oversupply and poor demand...

Benchmark Dubai prices slumped to the lowest level of the year as the deteriorating Covid situation...

The US has given permission for energy giant Chevron to resume oil production in Venezuela...

Crude oil futures Friday were trending lower as investors wait for further clarity on the Russian price cap talks ahead of...