Americas Crude Oil News

The closely watched Brent/WTI spread narrowed sharply during the first half of June as benchmark WTI futures outpaced North Sea Brent on expectations...

Funds bullish crude as Iran nuclear deal is pushed back amid signs of interest fading in European distillates...

The Dubai cash first-line versus third line (August vs October) spread widened Monday to more than $2/b, gasoline cracks surges on....

Europe's beleaguered refining sector would bear the brunt of the fall out from US gasoline demand dropping 1 million bpd amid the transition to electric vehicles, warns consultants Wood Mackenzie ...

Energy major Shell is considering selling all or part of its holdings in the Permian Basin, the largest US oil field ...

Crude oil futures pushed higher in early London trade Friday, after the International Energy Agency (IEA) said global oil demand is set to return to pre-pandemic levels by the end of 2022 ...

Middle East crude benchmarks hit fresh two-year highs Friday, but gasoline lost ground...

A cocktail of bullish factors is expected to see Brent crude futures hit $80/b in the summer, much earlier than previously forecast...

Global oil demand is set to return to pre-pandemic levels by the end of 2022, said the International Energy Agency (IEA) Friday, while keeping its 2021 demand growth forecast at...

Brent crude oil futures briefly nosedived in late-afternoon London trading Thursday on erroneous rumors that the US had lifted sanctions on Iran

Iraq's State Oil Marketing Organization has mostly increased its July Official Selling Prices for Asian and European buyers, while cutting OSPs in the...

OPEC maintained its firm demand outlook Thursday, keeping 2021 world oil demand growth unchanged at 6.0 million barrels per day, led by the US and China...

Global commodity trader Trafigura announced Thursday a sharp uptick in first-half year net profits to $2.1 billion, up from $0.5 billion in the same period 2020 ...

Dubai structure soars to 17-month high, naphtha cracks stumble following three-week bull run.

Crude oil futures rallied during London afternoon trading Thursday, buoyed by OPEC maintaining...

Crude oil futures Wednesday resumed the strong upwards momentum hitting fresh two-year highs on demand growth prospects, although pulled back in afternoon London trading...

US crude stocks fell by 5.2 million barrels last week, EIA data showed Wednesday, a bigger draw...

Middle East crude markets followed the global prices surge Wednesday, hitting fresh two-year highs .... but refined products...

Gasoline and distillate stocks build in US...

Brent crude oil prices will stabilise at $68/b in the third quarter of 2021 before falling to $60/b...