Asia Crude Oil News

Citibank has raised its quarterly oil price forecast for 2022 and 2023 as protracted talks between Iran and...

The total number of short positions held by money managers in the WTI and Brent crude oil...

Middle East crude prices started the week on a solid footing after the Saudi OSP release, while deals...

India is set to further increase crude oil imports from Russian oil with state-owned refiners eager to take in more heavily-discounted barrels...

A senior delegation from Iraq's northern Kurdish region is scheduled to travel to Baghdad on Monday...

Saudi Aramco has sharply hiked its Official Selling Prices (OSPs) for July-loading crude oil for Asia, as backwardation in the...

Middle East crude oil finished the week ending 3 June higher, shrugging off the midweek price slump and the decision by OPEC+ to...

Crude oil futures Friday were surging higher, extending the initial $4/b price rebound after the OPEC+ alliance agreed to...

Shares of Borouge, the joint venture between ADNOC and European chemicals producer Borealis, surged over 20%...

Middle East crude prices rebounded nearly 3% as the announced OPEC+ output hike was largely dismissed, while...

Abu Dhabi National Oil Co. (ADNOC) has hiked Official Selling Prices (OSPs) for July-loading crude, with its flagship Murban grade set at...

Russia increased its crude oil output in May despite increasing pressure from sanctions and amid reports that trade...

The additional OPEC+ output will not be sufficient to plug the supply gap in crude markets...

Crude oil futures rebounded from earlier lows Thursday on reports that the enhanced OPEC+ increase for July may not be as significant....

The OPEC+ producer group said Thursday it will increase output quotas by 648,000 bpd in July, compared to...

Middle East crude prices dropped more than 3% Thursday on reports ahead of the OPEC+ meeting that the...

Saudi Arabia has indicated to western allies that it is prepared to raise oil production should Russia's output fall substantially under the weight of sanctions...

Oil futures Wednesday were trading higher after broader economic concerns and reports that OPEC+ could increase exports had...

The latest European Union sanctions package targeting Russian seaborn crude exports oil products will redirect trade flows and keep prices high...

The OPEC+ Joint Technical Committee in its meeting Wednesday has revised downwards its global oil surplus outlook, but did not discuss...