Asia Crude Oil News

The OPEC+ Joint Ministerial Monitoring Committee (JMMC) has not recommended any immediate changes to the producer alliance's current...

Indonesia's government said the country produced nearly 580,000 bpd or 29 million mt of crude oil in 2024, below its target of 625,000 bpd, the latest data...

Middle East crude prices opened the month higher, ending a two-week long run of losses, but that failed to put the brakes on the rally in...

The average price for Middle East benchmark Dubai in January moved above the $80/b mark for the first time in six months, as prices...

Saudi Arabia's Bahri is set to expand its fleet with at least 10 new very large crude carriers (VLCCs) in 2025...

Turkey's crude oil imports pulled back from November's highs in December, dropping 8% on the month and 15% on the year to about...

Panama will ensure free passage for US Navy vessels through the Panama Canal and plans to withdraw from China's Belt and Road...

A Swiss court has convicted ex-Trafigura chief operating officer Mike Wainwright of bribing an Angolan official, sentencing him to 32...

Phillips 66 warns that some 450,000 bpd of Mexican crude that usually arrives in the US will get redirected to Europe and Asia...

Chevron is looking at more upstream growth opportunities in the US, specifically in the Permian Basin and in the US Gulf...

Crude oil futures were drifting lower, having struggled to hold earlier gains after President Donald Trump reiterated plans to impose tariffs...

Middle East benchmark Dubai crude was down over 2% following another round of steady declines...

HSFO cracks in Singapore strengthened , aided by weaker crude, while marine fuel markets saw narrowing spreads amid limited trade...

Middle East crude prices retreated for an eighth straight session Friday as physical markets, while product cracks...

Domestic demand for refined oil products in Japan last year fell across the barrel, with overall crude throughputs down nearly 8% year on year...

Crude oil futures Thursday were little changed as investors were left waiting on US policy regarding tariffs...

Oil product stocks in Japan fell 1.95 million barrels (3%) on the week to 432.9 million barrels, as refiners cut crude processing and middle distillate inventories saw sharp declines, data from the Petroleum Association of Japan (PAJ) showed...

Japanese refiner ENEOS has loaded a rare cargo of Canadian crude as China's economic slowdown curbs refinery demand, forcing Canadian...

Crude oil futures were slightly lower, surrendering the previous session's modest gains as investors monitor looming tariffs...

Fujairah's oil product inventories surged 16.9% over the week led by a sharp rise in fuel oil and light distillate stocks, as market participants responded to shifting regional supply flows and refinery output adjustments...