Asia Crude Oil News

Royal Dutch Shell called Tuesday a deal on carbon trading agreed at the COP26 conference in Glasgow a "good agreement" that will help...

Global oil markets remain very tight and the steep backwardation will remain in place as demand returns to pre-pandemic levels, Trafigura's...

Russia has added its voice to the growing list of producers pushing back on US calls to ramp up oil production...

Crude oil futures Monday were lower versus the previous close amid concerns of economic growth and inflation, while talk of...

Oil markets remain tight with global demand close to pre-pandemic levels, while even a release from the US Strategic Petroleum Reserve would...

Saudi Arabia expects inventories to rise over the next few months, negating the need for the OPEC+ block to quicken the pace of production hikes...

Brent prices above $80/b have been inflated by OPEC+ countries struggling to lift production

South Korean crude oil imports rebounded in October, beating pre-pandemic levels as...

The global oil and gas industry requires more than $600 billion of investment annually to keep up with the growing demand for energy...

Middle East crude oil started the week in retreat mode, while distillate cracks hit multi-week low...

The OPEC+ block of oil producers is likely to stick with current plans to increase daily output by 400,000 barrels per month, Suhail Al Mazrouei, UAE Minister...

Crude exports from the Middle Eastern gas-rich state of Qatar rose 7% year-on-year...

Russian light sweet Sokol crude for January has traded at the highest premium since early 2020, as refiners in Northeast...

Total Australian oil imports fell for a third straight month in September to its third lowest...

Crude throughput in China rebounded slightly in October compared with a month earlier...

Chinese coal production rose by a significant 8% month-on-month in October following governmental edicts...

Operations are continuing at Pertamina's Cilacap oil refinery in Central Java following a fire at a storage tank over the weekend...

Crude oil futures Friday were lower as the market was initially weighed down by the surging US dollar and uncertainty over a US strategic reserve release, but rebounded...

Brent crude oil futures are forecast to average at $77.5/b in 2022, lender Societe General said in its latest Commodities...

Middle East crude oil prices maintained the softer tone from the second half of the week...