Americas Crude Oil News

US crude oil inventories posted an above-expectations increase for the week ending 5 April, while gasoline and distillate stockpiles were mixed...

Crude oil futures Tuesday were drifting lower despite Israel and Hamas so far failing to reach terms for a ceasefire at the latest talks...

Global oil consumption is continuing to grow and will hit a record 102.9 million bpd this year due to demand growth led by China and India, the...

OPEC+ missed its crude production target by around 270,000 bpd in March, according to the latest survey from Argus Media...

The fall in natural gas and crude oil prices during the first quarter of 2024 and the unplanned outage at its Whiting refinery...

Crude prices are likely to hold in the $80-$100/b during 2024, underpinned by healthy demand growth, OPEC+ cuts and geopolitical risk...

The world's largest independent oil trading company chalked up profits of $13 billion in 2023, its second highest on record...

Middle East crude oil prices resumed the upward trend Tuesday amid faltering ceasefire talks on the Gaza conflict...

Global oil markets are set to tighten in the second half 2024, which could in turn constrain demand unless OPEC starts unwinding production cuts...

Crude oil futures started the week lower amid hopes of a de-escalation in the Gaza conflict, after Israel and Hamas resumed ceasefire talks...

raq's State Oil Marketing Organization (SOMO) has lifted Official Selling Prices (OSP) on its key export grade for Asia in May...

Goldman Sachs said Monday that Brent crude prices are unlikely to reach $100/b in the near term, with most of the upside risk already...

Mexico's Pemex has activated emergency protocols at one of its oil production platforms in the offshore Cantarell production complex...

Middle East oil prices opened the week lower amid ceasefire talks on the Gaza conflict, while marine fuel remained under downwards pressure after...

North American drilling activity eased for a third consecutive week, albeit marginally with gas drill rigs accounting for the losses...

Net speculative length on the world's two most liquid crude oil contracts surged to...

Trading giant Trafigura has announced a management shakeup after two long-standing executives announced retirement plans...

Saudi Aramco has increased its Official Selling Price (OSP) for the flagship Arab Light crude loading in May...

Middle East benchmark Dubai crude surged past $90/b Friday for the first time since October, while gasoline margins remained under downward...

Crude oil futures  Friday surged to fresh 2024 highs as an escalation in geopolitical tensions lifted weekly gains to over 5%...