Asia Crude Oil News

India, one of the biggest exporters of diesel to Europe in recent weeks, has slapped a steep INR13/l...

Australian heavy sweet crude oil has surged to record premiums this week, as soaring 0.5% sulfur fuel oil boosted demand for the low-sulfur...

Crude oil futures Thursday showed further signs of weakness after the previous session's selloff, which came as the latest EIA data revealed...

The creation of what Russia has described as a "buyers cartel" to limit the Russian oil price will lead to the market imbalance and higher international prices...

OPEC+ ratified Thursday its previously-announced plans to increase output quotas by a combined 648,000 bpd August...

The June monthly average price for benchmark Middle East Dubai crude gained nearly 5% versus the previous month...

Middle East crude prices closed lower for the first time in five sessions but gained on Brent, while distillate cracks...

Crude oil futures Wednesday were slightly lower on the day but largely consolidating the week's firm gains as...

China will introduce subsidies for refiners to help keep domestic fuel prices down if international crude oil prices hit over...

Indirect negotiations between Iran and the US over Tehran's suspended nuclear deal with world powers in Qatar...

Demand for heavily discounted Russian Urals crude meant output is up 5% month-on-month...

Uncertainty in global oil and gas markets could remain for some time to come as spare capacity is very low while demand is still recovering, Shell CEO...

Middle East crude prices tracked higher for the fourth consecutive session Wednesday as the market's focus...

Crude oil futures Tuesday were higher on the day amid growing fears over oil supplies after French President Emmanuel Macron flagged OPEC's...

G7 members will explore ways of curbing energy costs, including via possible caps on the price of oil and gas...

Sri Lanka has announced a two-week halt to all fuel sales except for essential services and appealed to the private sector to...

Middle East crude continued the week's firmer trend Tuesday, with those gains eating further into spot cracks in...

Global primary energy demand rose nearly 6% in 2021, overtaking 2019 levels by 1.3%....

China has issued a further 52.66 million mt of crude oil import quotas to independent refiners...

French President Emmanuel Macron let slip Monday that the UAE's leader recently told him on a call that two of OPEC's leading oil exporters...