Americas Crude Oil News

The OPEC+ producer group has not pivoted in favour of chasing market share over price stability, said Saudi Arabia's Energy Minister...

Saudi Aramco has reduced its Official Selling Price (OSP) for the flagship Arab Light crude loading in July for refiners in Asia, but increased premiums to Europe to reflect...

Crude oil futures Wednesday were edging higher as benchmarks looked for a support floor after sustaining heavy losses of up to 6%...

US crude oil inventories recovered from last week's lows as data from the Energy Information Administration (EIA) showed commercial...

Diesel's bearish run continued this week with no signs of a hoped-for slowdown in arrivals as tighter Russian supply has been offset by...

East of Suez crude prices steadied Wednesday after slumping 5% early in the week after OPEC+ announced it would start unwinding cuts...

The US government could accelerate its program to replenish the SSPR with maintenance at key storage facilities set to be completed...

US crude oil inventories posted an unexpected build for the week ending 31 May, while stockpiles of gasoline and distillates were also higher...

Production from core OPEC members increased during May despite the producer group trying to get to grips with overall output and clamp...

Crude oil futures Tuesday were again under pressure following the 3.5% retreat in the previous session after OPEC+ published plans...

Benchmark Middle East crude markets slumped almost 5% Tuesday as investors continued to react negatively to the weekend OPEC+...

OPEC's crude output in May edged higher as the producer group continued to overshoot against production targets...

The US Department of Energy (DOE) has added another 3 million barrels of crude oil to its Strategic Petroleum Reserve (SPR)...

Crude oil futures Monday were sharply lower as investors shrugged off the OPEC+ extension to current output quotas, instead focusing on...

Oil output in the Canadian province of Alberta dipped below 4 million bpd in April, official data showed Monday...

Abu Dhabi's state-owned oil company has bought tanker shipper Navig8's fleet and operations, paying up to $1.5 billion as it expands its...

Middle East crude prices started the new month marginally lower as the weekend's OPEC+ meeting did little to move the needle either...

North American drilling activity was unchanged on the week despite the giant Permian Basin surrendering two more units, according...

PBF Energy reported a fire at its 160,000 bpd Torrance refinery in California over the weekend

The weekend's OPEC+ meeting presents downside risk to Goldman Sachs' Brent outlook price of $75-$90/b after the producer group...