Americas Crude Oil News

The International Energy Agency (IEA) forecasts a global oil surplus of up to 1.4 million bpd in 2025, even as demand rises by 1.1 million...

Middle East crude climbed to monthly highs as sentiment pivoted to the upside, while gasoline margins continued to firm amid tighter...

Lower oil prices and sufficient global supplies is allowing the US and its allies to look for "creative" ways to target Russia with additional sanctions...

US commercial crude oil inventories registered a moderate drop of around 1.4 million barrels during the latest reporting cycle...

Crude oil futures were climbing higher on growing expectations of further China stimulus, while speculation on tighter sanctions...

Goldman Sachs expects oil tanker freight rates to decline steadily over the next two years as fleet growth outpaces demand, easing the...

OPEC has again trimmed its forecast for global oil demand this year and next, once more citing lower-than-expected growth from Asia...

US crude oil inventories posted a second weekly small build in the week ending 6 December, while stockpiles of refined products...

Middle East crude edged higher as Dubai continued to outpace Brent this month, while gasoline cracks continued to push higher...

The US Energy Information Administration (EIA) has lowered its 2025 Brent crude oil price forecast to under $74/b, down from almost...

Chevron has completed a major upgrade of its Pasadena, Texas refinery, increasing its capacity to process lighter crudes by nearly 15%...

Middle East crude was little changed for a second session as markets looked for direction, while marine fuel spot prices remained under...

Crude oil futures in European trading hours Tuesday were slightly lower as benchmarks struggled to hold early week gains...

Crude oil futures opened the week higher after further upheaval in the Middle East added another layer of uncertainty for regional politics...

Middle East crude opened the week marginally lower as traders digested the Saudi OSPs, while strong volatility was seen in the products...

North American drilling activity registered a sharp increase during the first week of December after three consecutive falls...

Money managers boosted position on higher crude prices last week ahead of the OPEC+ decision to extend production cuts...

Saudi Aramco has cut the OSP for its flagship Arab Light crude loading in January 2025, reflecting the lower cash cargo premiums...

Crude oil futures Friday were drifting lower, as OPEC's decision to stick with current policy for now was met with a lukewarm reception...

Goldman Sachs has stood by its $76/b Brent forecast for 2025 as rising global crude inventories outweigh the prolonged tightening...