Americas Crude Oil News

An area of low pressure in the southern Gulf of Mexico has been given a 70% chance of developing into a storm this week...

The US is prepared to release crude oil from the Strategic Petroleum Reserve as a counter to higher gasoline this summer if needed...

North American drilling activity retreated to fresh 2.5-year lows with oil rigs leading the losses...

Speculative positioning on the global crude oil market turned more upbeat last week as momentum partially shifted back toward...

Crude oil futures Friday were little changed as benchmarks headed for solid weekly gains...

BP is planning a major turnaround soon at its 450,000 bpd Whiting refinery in Illinois, which has struggled since a six-week power outage...

Middle East crude prices were marginally higher in Friday's shortened session as benchmark Dubai moved back above Brent, while middle...

Crude oil futures were slightly lower Thursday's session as the market continued to digest a bigger-than-expected build in US crude inventories...

he US Environmental Protection Agency (EPA) was hit by three lawsuits Thursday representing more than 30 industry bodies...

East of Suez Dubai crude benchmark retreated for the first time in seven sessions and dropped below Brent for the first time in six weeks, while...

US diesel stocks rose for the third straight week at the start of June even as implied demand rebounded...

Crude oil futures Wednesday surrendered earlier monthly highs after a bearish EIA report  offset the bullish outlook from OPEC...

US commercial crude oil inventories posted an unexpected increase last week as imports reached multi-year highs to meet healthy refinery utilisation rates...

Oil production from the giant Permian Basin is set to grow another 7.5% this year and a further 5% in 2025...

Quantum Commodity Intelligence – Middle East oil crude markets were higher for a sixth...

The IEA warned oil companies and OPEC Wednesday of a massive looming oil supply surplus...

US crude oil inventories posted a larger-than-expected draw for the week ending 7 June, while stockpiles of gasoline were also lower...

Crude oil futures Tuesday were edging higher as markets extended the firm gains made since the middle of last week, rebounding from...

The US EIA expects US crude oil production to grow steadily for the balance of 2024 and into 2025...

Volumes of crude oil and refined products shipped via Africa's Cape of Good Hope have soared by 50% in the first five months of 2024...