Asia Crude Oil News

Middle East crude markets steadied Wednesday ahead of the US interest rate decision, while gasoline and middle distillate margins...

Crude oil futures Tuesday were drifting lower for a second session, after struggling to gain a foothold amid sluggish...

Commodities giant Glencore has hired the former BP trader Aditya Ravavarapu to head up its Singapore-based crude team...

Middle East crude markets rowed back Tuesday following the broader risk-off trend, while the bearish pressure piled higher in...

Crude oil futures Monday were slightly lower as sluggish sales data from China derailed the previous week's upward momentum...

South Korean customs agency cleared 11.29 million mt of crude oil last month, unchanged from October as a rise in Australian and Kuwait crude...

Middle East crude opened the week higher with markets catching up following the Brent gains after Asia had closed on Friday, putting a...

China's crude oil throughput rebounded in November on the back of higher cargo arrivals during the month as independent refiners ramped up purchases after...

Global investors last week placed more bets on diesel prices falling as slim arbitrage margins throttled exports from the US and Asia while...

QatarEnergy has issued a sell tender for its keenly-watched Al Shaheen grade, with premiums for the Middle East medium sour crude expected...

Crude oil futures were climbing higher Friday to consolidate the week's moderate gains, underpinned by hopes of a boost from China...

The UAE will slash oil shipments by more than 200,000 bpd from January as part of the wider agreement among OPEC+ members to tighten...

Trafigura Group posted a significant 62% drop in net profit for its 2024 financial year, recording $2.8 billion, as the company absorbed...

Middle East benchmark Dubai crude ended the week firmer, underpinned by promises of further stimulus measures to boost China and the...

Middle East crude eased slightly on the day but still posted comfortable weekly gains, while gasoline cracks continued to firm to near...

Crude oil futures were steady Thursday, with investors looking for details on Beijing's plans to boost China's stumbling economy via...

OPEC and its allies boosted oil production by 320,000 bpd in November, led by significant increases in Libya and Kazakhstan...

Russia's state-owned Rosneft has signed a 10-year deal to supply India's privately owned Reliance Industries with 500,000 bpd...

Iraq's SOMO has reduced the OSP on its key export grade for Asia in January 2025, following the broader regional trend

The International Energy Agency (IEA) forecasts a global oil surplus of up to 1.4 million bpd in 2025, even as demand rises by 1.1 million...