Americas Crude Oil News

Quantum Commodity Intelligence – Money managers raised stakes on their speculative bullish positions in the crude oil market last week amid...

OPEC+ will continue to implement most production quotas until the end of this year and will extend some cuts well into 2025...

Crude oil futures in Friday remained under pressure for much of the session, although reports that the OPEC meeting was being switched...

OPEC+ has made another about turn and will now hold its 2 June ministerial meeting in the Saudi capital rather than online, prompting speculation...

The average price for Middle East Dubai crude retreated for the first time this year as concerns over the state of the global economy and oil demand growth...

Quantum Commodity Intelligence – East of Suez crude prices Friday were lower for a second session although Dubai still managed to post a weekly gains, while...

Crude oil futures Thursday resumed downwards trend despite US data revealing a larger-than-expected draw on crude stocks...

US commercial crude stocks fell by 4.2 million barrels last week, with the draw landing in the middle of other guesses as domestic crude...

US gasoline stocks jumped more than expected last week as imports topped 1 million bpd for the first time this year....

Goldman Sachs has maintained its mid-term Brent outlook at $75-90/b but remains broadly upbeat on prospects for the oil market...

East of Suez crude prices Thursday were lower as the early-week rally ran out of steam, although that selloff was not enough to halt gasoline...

Brazil's April crude output slipped to its lowest levels in a year, with government data showing crude output tracking a similar slowdown...

US crude oil inventories posted a larger-than-expected draw for the week ending 24 May, while gasoline stockpiles were also down...

Crude oil futures Wednesday initially extended the week's to more than 3%, before the four-session rally ran out of steam as inflationary concerns...

US energy major ConocoPhillips will acquire Marathon Oil, in a deal that values the Houston-based company at just above $22.5 billion...

East of Suez crude extended the week's solid gains Wednesday as prices rose for a third straight session, while the jet curve finally...

Shareholders of Hess Corporation have approved the company's proposed $53 billion takeover by Chevron, with the deal subject to a legal challenge...

Crude oil futures Tuesday were climbing higher after benchmarks initially consolidated the 1% gains seen at the start of the week...

The 2023 Atlantic hurricane season will likely bring an above average number named storms, as US weather watchers factored in the likely impact of...

Texas-based Global Oil Terminals has been granted a waiver to continue importing asphalt from Venezuela after Washington...