Americas Crude Oil News

OPEC has stuck with its upbeat outlook on 2024 demand, seeing growth at 2.25 million bpd for this year and 1.85 million in 2025...

Middle East oil crude markets were higher for a fifth straight session Tuesday, catching up with solid Brent gains since the previous Asia...

OPEC and its allies trimmed output in May as Russia and Kazakhstan reigned in production, but increased output from Iraq and Nigeria left the group pumping...

Crude oil futures Monday were climbing higher as benchmark continued to claw back post-OPEC+ meeting losses, with analysts forecasting a supply deficit...

OPEC+ continued to rein in production during May as Russia and Kazakhstan curtailed output, although Iraq again failed in its pledge...

US driller Noble Corp has agreed to buy Diamond Offshore and a cash-and-stock deal worth around $1.6 billion...

North American drilling activity slumped to the lowest levels since early 2022  as drillers continue to focus on the higher-yielding wells...

Middle East oil crude markets opened the week marginally higher, posting gains for a fourth session, while jet fuel cracks edged to a...

US investment bank Goldman Sachs expects an oil supply deficit of up to 1.3 million bpd by the third quarter of 2024...

The US has pushed through a law aimed at increasing the fuel efficiency of new vehicles sold in the country...

The US Department of Energy (DOE) returned to the market with its latest tender to secure crude oil as it continues to buy back inventories...

Speculative bets on a bearish move in Brent crude oil spiked last week even as...

Crude oil futures Friday were little changed as benchmarks consolidated most of the gains seen in the back half of the week, although heading for overall...

East of Suez crude prices posted gains for a third session as markets extended the recovery following the early-week slump, with the...

Crude oil futures Thursday were climbing higher as benchmarks consolidated the solid price rebound after the early-week OPEC-led tumble...

US net crude imports picked up through April to their highest level since January, with imports on the rise and exports sliding, monthly trade...

Russia continued reducing its oil output in May in accordance with its OPEC+ quotas on production and exports, according to...

Capital expenditure in fossil fuel projects, such as oil and gas exploration and production...

Quantum Commodity Intelligence – East of Suez crude prices recovered some lost ground Thursday but oil markets remain cautious, while weak...

Commodities trading house Trafigura reported a sharp fall in earnings in the first six months of its financial year...