Asia Crude Oil News

The world's largest energy company, Saudi Aramco, netted profits of almost $32 billion in the first quarter of 2023...

Iraq's State Oil Marketing Organization (SOMO) has left the Official Selling Prices (OSP) on its key export grade unchanged for Asia in June...

Middle East crude prices eased back slightly Tuesday amid uncertainty over flat-price direction, while demand...

OPEC+ production fell in April as a rebound in Russian supply was not enough to offset disruptions affecting Iraqi...

Crude oil futures Monday were comfortably higher, having consolidated Friday's solid gains as sentiment...

Middle East crude prices rebounded strongly Monday, catching up with the firm Brent gains since the pre-weekend Asia...

Crude oil futures Friday were sharply higher but were still heading for steep weekly losses after concerns over the economy...

Fuel oil markets were caught up in wider turmoil for the energy industry this week, with macroeconomic factors back...

Turkey's crude imports spiked by a quarter in March from February's lows, with energy operations restarting after...

Middle East benchmark Dubai crude faced another tumultuous week with prices retreating for a third consecutive...

Middle East crude prices steadied Friday although were still hovering around six-week lows after a third consecutive...

Oil from a tanker that exploded offshore Malaysia's earlier this week has washed up on coastal regions in neighbouring Indonesia...

Crude oil futures Thursday were little changed on hopes that the US rate cycle will be paused...

Saudi Aramco has reduced Official Selling Prices (OSPs) for June-loading crude to Asia, reflecting the sharp fall in distillate and gasoline cracks...

Following months of negotiations, India and Russia have suspended efforts to enter into bilateral trade in rupees...

A little-known Indian trading outfit has become a major global player in shipping Russia crude oil, but its close links to Rosneft may provide...

Middle East crude prices stumbled to fresh six-week lows although were seen stabilising Thursday, bringing hope...

WTI crude oil futures briefly nosedived in early-hours trading Thursday, on what was widely described as a 'flash crash'...

Crude oil futures were again sharply lower Wednesday, hitting fresh six-week troughs as expected interest rate hikes in the US and Europe...

Iran's Revolutionary Guard has seized a second oil tanker in space of a week from the strategic Strait of Hormuz...