Americas Crude Oil News

Traders added both long and short Brent crude positions last week as prices held above $90/b...

North American drilling activity eased for a fourth consecutive week, with another slim downturn as Texas led the losses...

Goldman Sachs said that the short-term outlook for oil prices will be largely determined by events in the Middle East and Israel's response...

Crude oil futures Friday were trading higher higher, leaving benchmarks narrowly lower on the week as escalating Middle East tensions offset...

Independent commodity trader Gunvor is set to use windfall trading profits from the last two years to leverage into assets...

Trade in of heavy Canadian crude oil from the Pacific has picked up, coming ahead of exports starting via the Trans Mountain Expansion...

Middle East crude prices finished the week marginally lower on the day but holding at the top end of the 6-month trading range, while...

Abu Dhabi National Oil Company (Adnoc) recently eyed BP as a takeover target, according to news agency Reuters, in a move that highlights...

Zefiro, a Miami-based company that plugs orphaned oil and gas wells and earns the methane reductions as carbon credits...

Crude oil futures Thursday were slightly lower as benchmarks eased from earlier highs with inflationary fears offsetting...

Physical deliveries of low-sulphur gasoil (LSGO) futures in April rose to 2,710 lots at expiry on Thursday...

OPEC stuck to its bullish view on global oil demand Thursday while trimming its outlook on 2024 supply...

Motiva has been forced to close several units at the largest refinery in the US after adverse weather interrupted power supply...

Asia oil markets resumed Thursday after the midweek break, with crude prices largely steady, while gasoil margins continued to fall as...

OPEC and its allies overshot their production target for a third consecutive month in March, with Iraq and Kazakhstan the primary...

Crude oil futures Wednesday were slightly higher amid uncertainties about prospects for Middle East ceasefire talks, while solid fundamentals...

US producer Occidental Petroleum expects to restart operations in the US Gulf of Mexico that were curtailed...

US crude oil stocks touched a one-year high over the past week as a build in commercial and government-owned stocks were helped by...

Mexico's crude oil exports are likely to be further curtailed after a platform fire at the ailing Cantarell complex in the Gulf of Mexico...

The Energy Information Administration (EIA) expects US crude oil production to grow steadily for the balance of 2024 and into 2025, while natural gas output...