Americas Crude Oil News

A 5.3 million barrel draw in gasoline stocks to an 8-month low pushed US total commercial crude and product inventories to a 15-month bottom ...

US oil refiner and midstream operator Marathon Petroleum is predicting improved products demand to continue in the third quarter ...

Middle East crude prices softened for the third day running, while refined products

Large draw in US gasoline stocks last week, but crude and distillates falls were slight...

Energy manufacturing, logistics company and oil refiner Phillips 66 reported surging profits from its chemicals business Tuesday, turning the company around ...

With many of the so called DUCS, drilled but uncompleted, wells in the US more than two year old, the actual numbers of DUCS shows shale oil cannot make comeback this year...

Mobility in several key oil-consuming countries was on the wane last week according to data compiled by Google, although India ...

Crude oil futures tanked again after US markets opened Tuesday, with Brent dropping below $72/b ...

ConocoPhillips sees returns from its Permian basin investment amid surge in oil prices...

BP expects its refinery margin profits to improve in the third quarter as long as Covid restrictions continue to ease, particularly in the US ...

Middle East crude prices came under pressure Tuesday as Covid-19 concerns again loomed, while naphtha again led the refined products market...

Tensions between the US and Iran ratcheted up several notches last week, making the prospect of a quick resolution in the stand-off between Iran and the US less likely...

Crude oil futures in afternoon European trading hours Monday slipped by around 3% on concerns over a slowdown in Chinese growth and amid weaker than expected ...

Brazil's gasoline production reached a near two-year high in June following three successive monthly increases and as domestic demand also hit a six-month high ...

Middle East crude prices eased lower at the start of the month but structurally sour crude remains firm, while refined products were largely...

Money managers add net-length in Brent, recovering the losses mid July, but turn less bullish about WTI and European distillates...

US oil and gas rig count falls despite WTI surging above $73/b...

Crude oil futures in late European trading hours Friday were consolidating at around two-week highs, as sentiment remained broadly positive...

Oil major Chevron on Friday reported a 5% rise in oil and gas production in the second quarter...

ExxonMobil ramps up Permian basin production in second quarter as it posts a huge rise in earnings, largely on the back of the chemical business...