Asia Crude Oil News

Energy consultancy Wood Mackenzie expects Brent prices to average at just below current levels this year, as new production...

Indonesian prosecutors have accused a senior executive from the state-owned oil and gas company Pertamina...

India's crude oil imports surged to an eight-month high in January, according to government data released Monday, even as product exports...

Crude oil futures opened the week little changed as markets steadied following Friday's selloff that wiped out the week's gains...

Iraq has again reaffirmed its commitment to OPEC+ and to stick within quota guidelines during 2025, which includes a series of compensation...

The European Union announced on Monday that it has suspended sanctions on Syria, potentially paving the way for additional supplies to enter a...

The Kurdistan Regional Government (KRG) said on Sunday it has reached agreement with federal capital Baghdad to restart crude exports...

Goldman Sachs expects US crude output to rise only slightly despite Donald Trump's threat of import tariffs as domestic refiners will...

Ampol's refining business took a heavy hit in 2024 as weaker margins and operational disruptions at its Lytton refinery squeezed earnings...

Optimism around peace talks ending Russia's war in Ukraine triggered an exodus of bullish speculators in the crude oil futures market...

Crude oil futures Friday were sharply lower as a pre-weekend selloff largely eroded the gains from four consecutive increases...

OPEC+ appears poised to postpone its planned production increases, according to analysis released Friday by ANZ Research, as members...

Middle East crude posted moderate gains to halt a run of four weekly losses, but benchmark Dubai remained locked in a tight range...

Middle East crude markets were little changed heading into the weekend as they consolidated moderate weekly gains, while HSFO...

Eneos, Japan's largest refiner, has shut a 141,000 bpd crude distillation unit (CDU) at its Sakai refinery following a fire on 17 February...

Crude oil futures Thursday were firmer, as markets extended the week's solid upwards trend...

Italian prosecutors have launched a terrorism investigation into explosions that have struck oil tankers carrying Russian crude, as a series...

Saudi Arabia's Crown Prince and Russia's President have held talks this week in a call that is likely to have a strong bearing on the next...

Middle East crude markets were pegged back slightly on Thursday but remained at the higher end of the February trading range...

The faltering economic recovery in China is expected to limit refined oil product exports for the rest of 2025 as tight government budgets have already seen...