Asia Crude Oil News

Crude oil futures Tuesday edging higher having reversed earlier losses, as focus switched to macroeconomics and the likely direction of...

Benchmark Dubai crude continued to give up recent gains as demand optimism from China gave way to broader...

The January monthly average price for benchmark Middle East Dubai crude climbed by just over 4%...

Oil product demand reached a two-year high last month in Japan, as higher road fuel consumption...

Russian seaborne crude exports have remained mostly intact since the EU imposed sanctions early December, but with major changes emerging in the structure...

The IMF increased its global economic growth forecast for the first time in a year, citing the boost in US spending power, China's reopening and...

Crude oil futures Monday were drifting lower as ongoing recessionary fears extended Friday's losses, despite rising geopolitical tensions and...

Indian refiners Mangalore Refinery and Petrochemicals (MRPL) and Bharat Petroleum...

BP lowered its forecast for oil demand and global economic growth as a consequence...

Benchmark Dubai crude started the week on a softer note after Friday's late Brent selloff, but...

Bomb-carrying drones targeted an Iranian defense factory in the central city of Isfahan, authorities said Sunday, causing damage at the plant amid heightened...

Crude oil futures Friday were trading lower after a late selloff pushed prices into negative territory for both the day and the week...

Mobility during this year's Lunar New Year holidays in China far exceeds 2022 levels by a number of official...

Benchmark Dubai crude ended the week on a firm note with prices hitting two-month highs, while distillate cracks...

Middle East benchmark Dubai crude posted a third week of gains Friday as China's anticipated post-Covid rebound continued to underpin...

Refiner Valero expects firm refining margins to continue for 2023, as the US refining sector is likely to enjoy further advantages over its European counterparts...

Russian president Vladimir Putin has told his government to look into the way that it calculates taxes on the oil industry...

Iran is offering increasingly large discounts on sales of crude into China with the US-sanctioned oil facing increasingly stiff competition from Russian barrels...

Crude oil futures Thursday were higher following the latest EIA data revealing a smaller-than-expected rise in crude stocks, while increased rhetoric from Russia...

Months after the White House vowed to punish Saudi Arabia for cutting oil output in defiance of American wishes, the Biden administration has ended its talk of retaliation...