Americas Crude Oil News

Germany's Commerzbank is expecting Brent crude oil to close the year at $75/barrel in its most likely scenario ...

API reports another crude draw last week, but half the amount of the previous week..

Crude oil futures soared to intraday highs amid a renewed technical rally underpinned by the latest....

Approvals for drilling oil and gas on public lands in the US is on pace this year to reach more...

US crude exports to Asia are poised to slowdown in July after a buoyant first six months of the year, said ship tracking and analytics firm Vortexa...

Thawing permafrost could cause Trans-Alaska Pipeline to rupture as ground shifts below it...

Covid pandemic has sped up the transfer of refining activity from Europe to China.

Crude prices continued to firm Tuesday on strong IEA data and the OPEC+ impasse, while refined products...

US shale production continues to clime higher, driven by the Permian basin.

The IEA reported a demand surge of more than 3 million bpd in June versus May, but has maintained its 2021 demand growth forecast...

Crude oil futures rebound from lows on OPEC+ deal standoff, but Delta variant cases across the globe raise demand concerns...

Middle East crude prices opened the week firmer, while refined product cracks were little changed...

Front and second month crude futures spreads have narrowed sharply over the past few days...

Funds cashed out of bullish bets WTI futures and options in thw week when the August contract hit a high after the dirthering of OPEC+...

WTI prices above $70/b continue to fail to stimulate revival in shale oil drilling to confirm analyst warnings...

Crude oil futures in afternoon London trading Friday rose by $1/b as the latest positive US inventory data calmed market nerves...

A meaningful increase in oil supply from US shale producers would take nine months, according...

Middle East crude prices rebounded strongly Friday with supply/demand fundamentals set to stay tight, while products...

Crude oil futures in London trade Thursday recovered earlier losses after the EIA posted a big crude draw for the seventh...

Global energy consumption fell 4.5% in 2020, the largest decline since 1945, according to...