Americas Crude Oil News

Distillate east-west arbs have widened sharply in recent days, with diesel and jet fuel pointing increasingly to Europe as sanctions...

Crude oil futures opened the week higher as the clampdown on sanctioned oil and US cold snap lifted prices to...

Middle East crude prices soared more than 5% Monday after the US and its allies launched fresh sanction targeting Russian crude...

Middle East crude opened the week over 5% higher as East of Suez markets were given first chance to react to the fresh round...

North American drilling activity declined for the first time in six weeks after flatlining for the past month...

Crude prices surged on Friday after the US Treasury unveiled sweeping sanctions targeting Russia's oil sector, escalating efforts to...

Crude oil futures Friday were sharply higher as markets consolidated a third week of positive returns amid tighter sanctions on...

Middle East crude markets raced to three-month peaks as the early-2025 price rally continued, while gasoil hit fresh five-month highs...

Crude oil futures rebounded from earlier lows on reports that the outgoing Biden administration was set to introduce a fresh round of sanctions...

Shell and Chevron have kicked off oil production at the Whale platform in the US Gulf of Mexico, adding a new stream of barrels from...

Middle East shipping risks are likely to surge under a potential second Trump presidency, consultancy Ambrey said in a report...

TotalEnergies is set to drill its first exploration well in Suriname's Block 64, the company's country manager said Wednesday, marking a significant...

The Americas' crude oil export landscape saw a significant reshuffling in 2024, with Brazil and Guyana compensating for a slowdown from...

Middle East crude prices rowed back Thursday, catching up with the Brent retreat after Asia had closed in the previous session, while...

Texas crude oil production in 2024 averaged 5.7 million bpd, the third consecutive year the US state established a new record-high for output...

Crude oil futures Wednesday rowed back from earlier three-month highs as bearish EIA inventory report wiped out earlier gains...

US commercial crude oil inventories registered a second weekly drop of 1 million barrels during the latest reporting cycle...

President-elect Donald Trump on Tuesday announced plans to revoke President Joe Biden's sweeping offshore drilling ban, describing...

Middle East crude prices surged to fresh three-month highs Wednesday on potentially tightening availabilities, while spot gasoil touched...

Oil production from the 12 core OPEC members eased during December as reductions in the UAE and Iran offset increases from Libya and...